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Crypto Exchange Mango Dealing with Surging Legal Costs, a Year After $100 Million Market Manipulation Exploit
8.8.2023
A year after the alleged $100 million crypto market exploit by Avi Eisenberg, Mango Markets, a blockchain-based trading protocol, finds itself grappling with mounting legal expenses, prompting internal conflicts among its stakeholders.
The platform's financial strain has intensified as Mango...
Sino Global Capital Takes Legal Action, Files $67.3 Million Claim Against FTX Trading Ltd
8.8.2023
Sino Global Capital, led by Matthew Graham, has taken legal action against now-defunct crypto exchange FTX, filing a claim worth $67.3 million on behalf of its Liquid Value fund.
The fund, launched in collaboration with former FTX CEO Sam Bankman-Fried in 2021, intended to raise $200 million...
Ripple is Going to Zero as XRP Price Plummets 12% While This New XRP Coin Raises $1.1 Million – 1,000x Potential Soon?
8.8.2023
While the landmark ruling in the Ripple vs SEC case have sent waves through the crypto market, XRP price action has faced a disappointing bleed-out.
High expectations of XRP breaking $1 seem to be crushed, as XRP's downside slide enters its 21st day.
The downward momentum has left XRP trading...
Cypher Protocol Loses $1 Million in Blockchain Exploit – Here's What Happened
8.8.2023
Solana-based decentralized exchange Cypher Protocol halted its smart contract following an exploit that saw an estimated $1 million stolen.
On the evening of August 7 (UTC), Cypher confirmed that there had been a security incident, saying that the team was investigating it, but without providing...
Web3 Utility Coin LPX Raises $1.2 Million in Funding for AI Trading Analytics Platform – Here's What You Need to Know
7.8.2023
Web3 represents the new age of internet technology where everything is decentralized. Unlike traditional internet services where a few companies control data, Web3 allows people to own and control their data. ...
Read More: Web3 Utility Coin LPX Raises $1.2 Million in Funding for AI Trading...
MrBeast Now Faces $100 Million Lawsuit After Dissing His Own Burgers
7.8.2023
James “MrBeast” Donaldson, one of the biggest YouTube stars in the world, is now being sued by Virtual Dining Concepts for $100 million. The food company behind his MrBeast Burgers alleges in the newly filed lawsuit that MrBeast is a “social media celebrity who believes his fame” means he can break...
Today in Crypto: Kenyan Police Reportedly Raided Worldcoin Warehouse, US FBI Issues Warnings About NFT Scammers, Curve Finance Offers a $1.85 Million Bounty to Identify & Convict the Hacker
7.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Kenyan Police Reportedly Raided Worldcoin Warehouse, US FBI Issues Warnings About NFT Scammers, Curve...
NFT Trader Hanwe Chang's Ingenious Move Nets $1.5 Million on Blur Marketplace – Here's What Happened
7.8.2023
An NFT trader that goes by the name Hanwe Chang has made 800 ETH, worth almost $1.5 million, after tricking a bot into buying his NFTs at elevated prices.
Writing on the social media platform X on this weekend, Hanwe Chang claimed that a bot was copying all of his NFT bids on Blur, a new...
Curve Finance rolls out a reward of $1.85 million to identify the attacker
7.8.2023
Curve Finance, along with other protocols, fell victim to a re-entrancy attack wherein they collectively lost more than $70 million worth of digital assets. The incident dates back to July 30, 2023, and the DeFi protocol has said that it was a software bug that was exploited by an attacker or there...
Curve Finance Offers Public Bounty of $1.85 Million to Identify Hacker
7.8.2023
Curve Finance, the troubled DeFi platform that lost over $60 million last week in an exploit, has announced a bounty of $1.85 million to anyone who can identify the exploiter.
In a Tweet Monday, the DeFi protocol noted that the deadline for the “voluntary return of funds” in the Curve Finance...
Bitcoin Cash is Going to Zero as BCH Price Drops 10% and This New XRP Coin is Approaching $1 Million – How Does it Work?
7.8.2023
Despite more than a month of serious downside price moves, Bitcoin Cash (BCH) has undertaken a magnificent +8.5% rally as holders attempt to trigger a consolidation level.
This comes following a -27% retracement for the leading altcoin since June 30, triggered by rejection from resistance from...
Crypto Exchange OPNX Bids to Take Over Hodlnaut in Singapore: Capital Injection of $30 Million Expected
7.8.2023
OPNX, a digital asset exchange created by the founders of failed hedge fund Three Arrows Capital, has proposed a takeover of the struggling crypto lender Hodlnaut.
OPNX has offered to inject $30 million worth of FLEX digital tokens into Hodlnaut to fund a partial creditor payout...
Binance Users Reach 150 Million, CZ Reveals
5.8.2023
Registered users of Binance have hit 150 million, the crypto exchange’s founder and CEO, Changpeng Zhao (CZ), announced on social media. The milestone has been reached despite increased regulatory pressure on the world’s largest trading platform for digital assets in the past few months. Crypto...
Navigating the Storm: Defi’s Precarious Position Amid a String of Exploits and Market Declines
4.8.2023
In the wake of July’s unprecedented wave of decentralized finance (defi) breaches, including Curve Finance’s staggering $62 million exploit, the defi economy has plummeted into a gloomy state. Hovering perilously close to dipping beneath the $40 billion threshold, the total value...
Charity-Focused Web3 Chimpzee’s Presale Heating Up Amid Exciting Airdrop Promotion - $1.1 Million Now Raised
4.8.2023
Thursday, 3rd of August - One of Web3’s most promising up-and-coming charity-focused projects, Chimpzee, is celebrating that it just hit $1 million in funds raised with a massive token airdrop.
The project, which has now raised more than $1.1 million via the sale of its native $CHMPZ token,...
Curve DAO is Going to Zero as CRV Price Keeps Falling with $100 Million Volume and XRP20 Just Raised $350,000 – Time to Buy?
4.8.2023
As crypto markets process the aftermath of the Curve DAO (CRV) exploit, price action has become dominated by downside momentum leaving desperate CRV bag-holders asking: Is Curve DAO going to zero?
The tumultuous price action comes following a smart contract exploit manipulated on July...
Social Media Bots Played Crucial Role in Inflating Value of FTX-Listed Crypto Assets, Report Finds
4.8.2023
New analysis from the Network Contagion Research Institute (NCRI) reveals that bots on the social media platform X (formerly Twitter) likely played a major role in amplifying the value of cryptocurrencies tied to the now-defunct FTX exchange and its sister firm Alameda Research. Social Media Bots...
Eco-Friendly Crypto Chimpzee Announces Airdrop After Raising $1 Million in Presale – 30 Hours Left Until Price Rise
4.8.2023
Climate change is no longer a distant, future threat; it is here, altering our world with rising sea levels, catastrophic wildfires, and record-breaking heatwaves. The urgency of this crisis calls for more than just acknowledgment—it demands robust climate activism. ...
Read More: Eco-Friendly...
This New AI Crypto Trading Signals Platform Just Raised $3.3 Million – Here's What You Need to Know
3.8.2023
With unpredictable fluctuations in financial markets, and especially in the crypto market, making informed trading decisions is an uphill battle. But there's a new player in the arena to help: yPredict.
The upcoming artificial intelligence (AI) trading platform uses advanced predictive models...
Abracadabra's Bold Move: 200% Interest Proposed on $18 Million Loan to Curve Founder Amidst Bad Debt Concerns
3.8.2023
Abracadabra Finance has put forth a proposal aimed to adjust interest rates to mitigate the risk of bad debt resulting from an $18 million loan to Curve Finance founder Michael Egarov.
The proposal suggests hiking interest rates on the loan to 200% on two specific pools known as "cauldrons,"...