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Euler Labs hacker returns 'all of the recoverable funds' — Timeline
4.4.2023
23 days after the hack, on April 4, Euler Finance announced the total possible recovery of the lost funds, thus ending the $1 million bounty
Euler Says All 'Recoverable Funds' Stolen in $200M Hack Have Been Returned
4.4.2023
Culprit had already apologized
GMO Financial Holdings Buys 10% of Crypto Hedge Fund AWR Capital for Undisclosed Amount
3.4.2023
AWR will act as a market maker at GMO Financial Holdings subsidiary GMO Coin, one of the largest crypto and FX exchanges in Japan
Household Crypto Holdings Included in Bank of Russia’s Consumer Finance Survey
3.4.2023
The Central Bank of Russia has added crypto asset holdings of households to its survey of consumer finances. The statistics reveal that Russian families keep more money in cryptocurrency wallets than in gold investment accounts or mutual funds. Russia’s Central Bank Evaluates Cryptocurrency...
FTX EU Launches New Website for Withdrawals as Subsidiary Starts Returning Funds to Customers
1.4.2023
FTX’s European subsidiary, FTX Europe, has launched a new website, ftxeurope.eu, for users to withdraw funds from the now-defunct cryptocurrency platform. Withdrawal requests must be submitted through the new website and will be “subject to customary know-your-customer...
Most Crypto Sent From Wallets Sponsoring Russia in Ukraine War Reaches CEXs, Binance, Research Shows
30.3.2023
Millions of U.S. dollars’ worth of cryptocurrency has been sent to centralized exchanges (CEXs), most notably Binance, from wallets providing funds in support of Russia’s war effort in Ukraine, transaction data suggests. According to Ukrainian analysts, the money was transferred to the crypto...
Hong Kong-Based Fund Set to Raise $100 Million for Web3 Startups Amid City's Crypto Revamp
30.3.2023
A new Hong Kong-based fund is set to raise $100 million to invest in crypto companies as the city is accelerating toward its goal of becoming a global crypto hub with a more friendly regulatory stance.
The ProDigital Future Fund has already secured $30 million in commitments from major Asian...
FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense
30.3.2023
According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least...
Paxful to return lost Celsius funds to Earn users
29.3.2023
Peer-to-peer marketplace Paxful will refund its Earn program users impacted by Celsius Network's bankruptcy
Sam Bankman-Fried is paying for legal defense using previously gifted funds from Alameda: Report
29.3.2023
The former FTX CEO reportedly gave Joseph Bankman roughly $10 million funded by a loan from Alameda Research as a part of a lifetime estate and gift tax exemption
Canada to Ask Pension Funds to Disclose Crypto Exposure
28.3.2023
The budget for 2023 also includes that OSFI will consult federally regulated financial institutions on guidelines for publicly disclosing their exposure to crypto-assets
Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit
28.3.2023
After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million in Ethereum-based funds were withdrawn in...
Arrested Bitzlato Exchange Founder Seeks Help From Crypto Community
27.3.2023
The founder of crypto exchange Bitzlato, who is facing a money laundering case in the U.S., is seeking support from members of the community. Anatoly Legkodymov was arrested in January for his role in the trading platform which allegedly processed millions of dollars’ worth of illicit funds....
Banking crisis pushed over $286B to money market funds in two weeks: Report
26.3.2023
Many investors have rotated their portfolio investments due to the banking crisis in the past two weeks, injecting billions of dollars on money market funds in the United States
Billionaire ‘Bond King’ Jeffrey Gundlach Predicts the Fed Will Cut Rates Substantially Soon
25.3.2023
Billionaire Jeffrey Gundlach, aka the “Bond King,” has predicted that the Federal Reserve will be cutting interest rates substantially soon. “Red alert recession signals,” he added, noting that all U.S. Treasury yields two years and out are “well below the fed funds...
NFT Investor Animoca Brands Cuts Target for Metaverse Fund to $800M: Reuters
24.3.2023
When Animoca initially unveiled its plans for the fund last November, its target was $2 billion. This was then cut in half to $1 billion in January
German Government Invests $1.2 Million in Metaverse Startup Flying Sheep Studios
23.3.2023
The German government has allocated $1.2 million in funding for a metaverse game being developed by Flying Sheep Studios. The company, based in Cologne, will use the funds for the development of a game called Star Life, which will also include blockchain elements in the form of non-fungible tokens...
Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025
22.3.2023
Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run. Fed Raises Rate Despite Calamity in the U.S. Banking Sector...
Federal Reserve Hikes Rates by 25 Basis Points
22.3.2023
Recent bank failures had market participants questioning if the U.S. central bank would follow through with its previous intention to further tighten monetary policy
Crypto Exchange Bitzlato Restores User Access to Half of Bitcoin Balances, Report
22.3.2023
Bitzlato users can now partially withdraw their bitcoin funds from the dismantled cryptocurrency exchange, according to a media report. The Russia-linked trading platform was targeted by Western law enforcement and had its France-based server infrastructure seized in January. Bitzlato Customers...