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1 year, 1 month ago
Secretly Recorded Audio Reveals Alameda Research's Misuse of User Funds from FTX
A secretly recorded audio clip has revealed the moment when former staff members of hedge fund Alameda Research discovered that the fund had been “borrowing” user funds from FTX. The 75-minute recording, obt…
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1 year, 1 month agoCFTC Commissioner Slams Voyager Digital for Loss of Billions in Customer Funds
A commissioner from the United States Commodity Futures Trading Commission (CFTC) has criticized Voyager Digital for its mishandling of customer funds, resulting in the loss of billions of dollars. Commissioner…
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1 year, 1 month agoTerraform Labs Accuses Citadel Securities of Orchestrating Stablecoin Depegging
Terraform Labs, founded by Do Kwon, has accused market maker Citadel Securities of intentionally causing the depeg of its stablecoin, TerraUSD Classic (USTC), in 2022. Terraform Labs has filed a motion in a US…
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1 year, 1 month agoPlatypus Finance DeFi Protocol Loses Over $2 Million in Flash Loan Exploit
Decentralized finance (DeFi) platform Platypus Finance has suffered another flash loan exploit, resulting in a loss of over $2 million. The hack was first reported by blockchain security firm PeckShield on October…
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1 year, 1 month agoBank for International Settlement Launches Project Atlas for Enhanced Crypto Surveillance, Potentially Boosting Privacy Coin Adoption
The Bank for International Settlement (BIS) has launched a new crypto surveillance program called “Project Atlas” in collaboration with several European banks. The project aims to gather data for comprehensive tra…
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1 year, 1 month agoMastercard Develops Technology to Tokenize CBDCs on Multiple Blockchains, Enhancing Convenience and Security
Mastercard has developed a technology that allows central bank digital currencies (CBDCs) to be tokenized on multiple blockchains. This solution enables the wrapping of CBDCs onto different blockchain networks,…
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1 year, 1 month agoStablecoin Holder Loses Over $100,000 as USDR Plummets on Polygon Network
A stablecoin holder on the Polygon network suffered a significant loss of over $100,000 after panic selling their USDR tokens, which depegged from the US dollar on October 11. The holder swapped 131,350 USDR for…
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1 year, 1 month agoFormer CEO of Miami Investment Firm Pleads Guilty to Crypto Fraud Conspiracy
Former CEO of Miami-based investment firm, Peter Kambolin, has pleaded guilty to a conspiracy to commit commodities fraud involving crypto futures contracts. The United States Department of Justice revealed that…
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1 year, 1 month agoVoyager Digital and Former CEO Face Legal Action for Fraud and Misleading Customers
The US Commodity Futures Trading Commission (CFTC) has filed a complaint against Voyager Digital and its former CEO, Stephen Ehrlich, alleging fraud and registration failures. The CFTC claims that Ehrlich falsely…
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1 year, 1 month agoCircle Granted Permission to Weigh in on SEC Lawsuit Against Binance
Amid the ongoing legal battle between the US Securities and Exchange Commission (SEC) and Binance, a significant development has emerged involving Circle, the issuer of stablecoin USD Coin (USDC). Circle has been…
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1 year, 1 month agoBlockFi Founder Reveals Extensive Dealings with Alameda in SBF Trial
Caroline Ellison, a former top deputy to FTX founder Sam Bankman-Fried (SBF), concluded her testimony on the seventh day of the SBF trial. Her detailed account shed light on her complex relationship with SBF, both…
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1 year, 1 month agoMassive Flash Loan Attack on BNB Chain Nets Perpetrator $1.575 Million Profit
The BNB Chain recently experienced a significant flash loan attack, resulting in a massive arbitrage profit of $1.575 million for the attacker. The attack took place on the Pancakeswap DEX network and only cost the…
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1 year, 1 month agoBitVM Aims to Scale Bitcoin, Not Launch DeFi Applications, Says Developer
One of the developers behind BitVM, a Bitcoin-based virtual machine, has clarified that the technology is primarily focused on scaling Bitcoin rather than enabling decentralized finance applications like Ethereum.…
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1 year, 1 month agoNFT Market Shows Signs of Life Amidst Decline
Headlines proclaiming the death of NFTs have become common in the blockchain industry, but the reality is more nuanced. While it’s true that many NFTs are worthless, this is not surprising given the history of o…
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1 year, 1 month agoReal Estate-Backed Stablecoin Plummets After Depegging from USD
A stablecoin called Real USD (USDR), which is built on the Polygon (MATIC) layer-2 scaling solution and backed by real estate assets, has experienced a significant loss in value after detaching from the US dollar.…
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1 year, 1 month agoHouse Oversight Committee Threatens SEC Chair with Subpoena Over Lack of Cooperation
James Comer, chair of the United States House of Representatives Oversight and Accountability Committee, has threatened Securities and Exchange Commission (SEC) chair Gary Gensler with a subpoena. Comer expressed…
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1 year, 1 month agoArk Invest Updates Bitcoin ETF Prospectus in Response to SEC Concerns
Ark Invest, led by Cathie Wood, has filed an updated version of its spot Bitcoin ETF prospectus in response to feedback from the U.S. Securities and Exchange Commission (SEC). The SEC had requested clarifications…
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1 year, 1 month agoTrader Joe's Files Lawsuit Against Decentralized Exchange Trader Joe Over Trademark Infringement
United States supermarket chain Trader Joe’s has filed a complaint against decentralized exchange Trader Joe, accusing it of federal trademark infringement and dilution. The lawsuit claims that Trader Joe and its c…
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1 year, 1 month agoRipple's XRP Gains Unique Non-Security Status in the US Following Court Ruling
Ripple’s recent legal victory against the US Securities and Exchange Commission (SEC) has had significant implications for its cryptocurrency, XRP. The ruling by Judge Analisa Torres classified XRP as a n…
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1 year, 1 month agoBinance CEO's Tweet Blamed for FTX's Collapse in Former CEO's Testimony
According to former Alameda Research CEO Caroline Ellison, a tweet from Binance CEO Changpeng Zhao (CZ) played a role in the collapse of cryptocurrency exchange FTX. In the tweet, CZ announced that Binance would be…
