Key Takeaways UPRISE, a Korean crypto startup running a robo-advisor algorithmic trading platform, reportedly lost $20 million in a short bet on Terra’s LUNA during its collapse in May. Per a local media report, the […]
Deribit and Blockchain.com exchanges were among the creditors who pushed for the liquidation of embattled crypto hedge fund Three Arrows Capital (3AC). On June 11, 3AC breached a stipulation of its agreement with Deribit that […]
Binance CEO Changpeng “CZ” Zhao sounded the alarm on a massive data leak of one billion Chinese residents that went up for sale on the dark web. Twenty-three terabytes of data containing names, addresses, birthplaces, […]
FTX billionaire Sam Bankman-Fried is eyeing distressed mining companies as potential acquisitions next after extending a credit line to BlockFi. The CEO of the exchange wants to stem the contagion affecting lenders and borrowers during […]
Key Takeaways KuCoin is rumored to be facing insolvency issues in the fallout from Three Arrows Capital’s collapse. The firm’s CEO has denied the claims, saying that “everything on KuCoin is operating well.” The development […]
The curtain will fall on Meta Platforms’s embattled stablecoin project after a brief run as a tool for money transfers. The social media platform announced that the Novi digital wallet pilot would end on Sept […]
Tangem is envisioning revolutionizing crypto security with its seedless crypto storage system. Cryptocurrency is in a growing frenzy. Digital assets are displaying mass adoption and countries are hopping on the bandwagon to incorporate them. The […]
The majority of crypto users have already heard about the recent Harmony hack through the Horizon Bridge that resulted in a loss of $100M. But did you know that 78M $AAG tokens were retrieved from […]
Key Takeaways BlockFi CEO Zac Prince “100%” denies that the company is being sold for $25 million to FTX. A sale at this price would mark a 99.5% discount for the company, which was valued […]
Teneo Restructuring has been commissioned to manage the liquidation procedure. 3AC has multiple illiquid assets in the form of venture-capital investments in crypto startups and companies. Teneo will attempt to quantify the assets and establish […]
Copyright © 2021
