A United States court has ruled in favor of the Securities and Exchange Commission (SEC) in a case involving Terraform Labs and its former CEO, Do Kwon. The court granted summary judgment for the SEC on Count IV of the Amended Complaint, which pertains to the defendants’ unregistered offers and sales of LUNA and MIR […]
The Levana perpetual swap protocol, operating on the Osmosis blockchain, recently suffered a significant exploit, resulting in a loss of $1.14 million. Over a 13-day period, an unauthorized party managed to drain more than $1.1 million from Levana’s liquidity pools, causing a loss of 10% of the protocol’s liquidity. The exploit was a result of […]
The growing Web3 market presents challenges in compliance and risk management for companies operating in the blockchain industry. With the complexities of decentralized finance (DeFi) and the increasing security risks, there is a critical need for robust compliance solutions.The regulatory landscape for crypto assets is constantly evolving, with different approaches taken by jurisdictions worldwide. The […]
Cryptocurrency exchange Bitzlato has temporarily halted Bitcoin withdrawals following the guilty plea of its former CEO and co-founder, Anatoly Legkodymov, to criminal charges in the US. Legkodymov agreed to dissolve the exchange as part of his plea deal, which also involved forfeiting $23 million in cryptocurrency.The decision to suspend Bitcoin withdrawals is said to be […]
An Ethereum wallet associated with former President Donald Trump has reportedly transferred millions in cryptocurrency, suspected to be proceeds from sales of non-fungible tokens (NFTs). The wallet recently moved 1,075 ETH, equivalent to $2.4 million, to the cryptocurrency exchange Coinbase. Previously, the wallet had peaked at $4 million. The current value of the wallet is […]
The end of the second largest Swiss bank has generated significant interest among readers of finews.ch. Alongside the Credit Suisse, other topics also captured attention in the columns of finews.ch in 2023. The rescue of Credit Suisse and its forced sale to competitor UBS unfolded as both a tragedy and a comedy.An analysis of the […]
Bitzlato, a crypto exchange, has announced the temporary suspension of all Bitcoin withdrawals. This measure is being taken as the company prepares for upcoming legal hearings regarding its users’ assets seized in France. Despite the exchange and its assets being seized earlier this year, Bitzlato was able to partially restore access to user funds, allowing […]
Bitzlato, a Russia-linked cryptocurrency exchange, has announced a temporary suspension of certain withdrawal requests despite having its assets seized by French authorities. The company stated that this measure is necessary to prepare for upcoming court hearings regarding the seizure of user assets in France. It is unclear which transactions are classified as “special balance withdrawals” […]
The decentralized finance (DeFi) platform Telcoin has suffered a $1.3 million exploit due to issues with the proxy implementation of its wallet on Polygon. This incident highlights the ongoing activity of malicious actors in the crypto space, with over $1.7 billion in assets stolen in 2023 alone. Telcoin has taken swift action to address the […]
After a decade of anticipation, Mt. Gox, the infamous cryptocurrency exchange, has begun repaying its creditors. Users on social media have confirmed receiving payments for their long-blocked Bitcoin deposits in fiat currencies. The first evidence of repayment came when a user revealed receiving Mt. Gox claims via a bank transfer in Japanese Yen. Subsequent posts […]
