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GamePhilos Studio raises $8 million in a seed funding round


GamePhilos Studio has raised $8 million in a seed funding round. It was led by Animoca and Xterio. The seed funding round saw the participation of companies and capitalists like Chain Hill Capital, SevenX Ventures, Sanctor Capital, and many more. GamePhilos Studio will now use the funds to develop...

Elon Musk's Twitter Targeted: Beware of the $25 Million Crypto Scam


After 10 months of Elon Musk’s rule, crypto scams on X (formerly Twitter) are still thriving. One of the platform’s latest, more prolific scams came in the form of a fake ‘GBTC’ token giveaway. Scammers feigned association with the Grayscale Bitcoin Trust – the world’s largest Bitcoin fund...

FTX Estate Takes Legal Action Against LayerZero Labs to Recover $86 Million


FTX’s bankruptcy estate has taken legal action against LayerZero Labs, the development firm behind a cross-chain swap protocol, in a bid to reverse a series of financial transactions conducted by FTX’s former management shortly before the exchange filed for bankruptcy. The lawsuit centers around...

New Court Filing: FTX Holds $1.1 Billion in SOL and $560 Million in BTC


Now-defunct crypto exchange FTX  holds approximately $7 billion in assets, including $1.16 billion worth of Solana (SOL) tokens and $560 million in Bitcoin (BTC). In a Monday court filing, the company said it has managed to secure $1.5 billion in cash in addition to the $1.1 billion it held as...

Nigerian Web3 Startup Nestcoin Secures $1.9 million in Funding


The Nigerian Web3 startup Nestcoin has reportedly secured a total of $1.9 million in funding from both existing and new investors. The capital raised will be used to bolster Nestcoin’s finances and further develop the startup’s non-custodial wallet. Impact of FTX’s Collapse...

Animoca Brands secures $20 million for Mocaverse project


Animoca Brands has successfully raised $20 million by issuing new shares at a price of A$4.50 per share. The investors were offered a free connecting utility token warrant on a dollar-for-dollar basis as part of the deal. The funding will be used to accelerate Mocaverse. Aleksander Larsen,...

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