Fidelity has written down the value of its initial investment in Twitter following its support of Elon Musk’s takeover of the platform The write-down, which reduces the value of an…
Summary: The defunct exchange received court permission to extend repayment deadlines by two months each. The latest update will allow users to complete “Selection and Registration” until March 10. Repayment…
A security researcher discovered a potential vulnerability that could have resulted in the theft of up to $200 million from three Ethereum-compatible parachains on the Polkadot network: Moonbeam, Astar Network…
Decentralized finance (DeFi) is a financial system built on top of blockchain technology that allows for financial services without traditional intermediaries DeFi is open, transparent, and secure, and offers greater…
Liquidators of Three Arrows Capital have demanded key documents from the firm’s founders. The subpoena was delivered over Twitter through the liquidator’s official Twitter handle. The liquidators have alleged that…
Summary: Attorney General Letitia James accused former Celsius CEO Alex Mashinsky of leading investors “down a path of financial ruin”. James’ lawsuit seeks to ban Mashinsky from doing business in…
Summary: Daniel Friedberg gave U.S. authorities insight into how Bankman-Fried diverted FTX customer funds to finance Alameda Research. Freidberg was contacted by FBI agents after the crypto exchange collapsed in…
Coinbase has agreed to pay $50 million to the New York State Department of Financial Services. The fine stems from a potential violation of AML laws by Coinbase due to…
Summary: The Shiba Inu-inspired crypto rallied as much as 2000% in the past week despite slumped crypto prices. Bonk Inu was launched on December 25, 2022, and airdropped to the…
Summary: The Shiba Inu-inspired crypto rallied as much as 2000% in the past week despite slumped crypto prices. Bonk Inu was launched on December 25, 2022, and airdropped to the…
Summary: Lawyers representing the Bitcoin miner said the company was losing north of $53,000 daily due to a hosting agreement with Celsius. The company will shutter hosting services for 37,000…
Bitcoin core dev Luke Dashjr has lost $3.6 million to a hack The perpetrators managed to gain access to Dashjr’s PGP key. Binance is monitoring the situation and CZ has…
Summary: Lawyers representing Bankman-Fried in the criminal trial asked Judge Lewis Kaplan to redact the names of two sureties who co-signed Sam’s bail bond. SBF was released in December 2022…
Summary: The Securities Commission of The Bahamas addressed “material misstatements” made by FTX CEO John Ray III after the crypto exchange collapsed in November. The Commission accused Ray of making…
Summary: The Bahamian Securities Commission took control of the assets on November 12 due to concerns that FTX was vulnerable to cyberattacks. Hackers stole nearly $400 million in digital assets…
