Galxe, a Web3 credentials and rewards platform, has taken swift action to address a recent DNS attack that left its users vulnerable. The platform has announced a refund of over $396,000 for more than 980 affected users, along with an additional 10% compensation on the lost funds. The refunds will be automatically returned to the […]
Crypto exchange WOO Network has reached a settlement to sever ties with bankrupt hedge fund Three Arrows Capital. WOO will repurchase over 20 million WOO tokens and additional shares acquired by the hedge fund during WOO’s series A funding round. The repurchase will be done at an attractive discount, effectively cutting all remaining connections to […]
Web3 social media platform Stars Arena has announced that it has recovered almost all of the cryptocurrency that was stolen in a recent exploit. The platform was able to retrieve around 90% of the 266,000 Avalanche AVAX tokens, which were worth approximately $3 million at the time of the theft. In order to secure the […]
During the trial of Sam Bankman-Fried, the founder of crypto exchange FTX, shocking revelations emerged from the testimony of former Alameda Research CEO Caroline Ellison. While Bankman-Fried was not charged with bribery, evidence was presented to demonstrate trust and motive between him and Ellison. According to Ellison’s testimony, when Bankman-Fried was CEO in 2020, accounts […]
Ethereum staking protocol Lido Finance has experienced 20 slashing events due to infrastructure and signer configuration issues from validators operated by Launchnodes. The incident occurred on October 11, resulting in the offline status of Launchnodes’ validators nodes and the cessation of slashings while the root cause is being investigated. Slashing refers to a validator breaching […]
Former CEO of crypto exchange FTX, Sam Bankman-Fried, was reportedly concerned about various issues leading up to the collapse of the exchange. According to former Alameda Research CEO Caroline Ellison’s personal notes, Bankman-Fried was worried about Alameda’s performance, investing in Snapchat, raising capital from Saudi royalty, and pressuring regulators to crack down on rival exchange […]
JPMorgan has achieved a significant milestone by successfully conducting its first live blockchain-based collateral settlement transaction. The transaction involved BlackRock and Barclays and utilized JPMorgan’s Ethereum-based Onyx blockchain and Tokenized Collateral Network (TCN). BlackRock tokenized shares from one of its money market funds, which were then transferred to Barclays as collateral for an over-the-counter derivatives […]
FTX co-founder Sam Bankman-Fried reportedly considered selling equity in the company to Saudi Crown Prince Mohammed bin Salman, according to testimony from former Alameda Research CEO Caroline Ellison during Bankman-Fried’s trial for alleged fraud. The testimony revealed that Bankman-Fried and Ellison discussed methods to hedge their investments in 2022, with the potential investment from the […]
Bitstamp, a cryptocurrency exchange, has announced that it will be discontinuing its services to customers in Canada starting from January 8, 2024. The decision was initially communicated to Canadian customers in March and CEO Bobby Zagotta expressed the company’s gratitude towards its Canadian customers, emphasizing that this was not an easy decision. Bitstamp has also […]
Ex-Alameda Research CEO, Caroline Ellison, testified in the criminal trial of Sam Bankman-Fried, revealing that they communicated through the messaging app Signal, which has an auto-delete feature. Ellison also claimed that Bankman-Fried instructed her and others not to leave anything in writing. Prosecutors presented evidence showing that Bankman-Fried set the disappearing message time for one […]
