Search
Lastpass Data Breach Frightens Users, Some Say Hack ‘May Be Worse Than They Are Letting on’
24.12.2022
People involved in financial tech, software programming, cyber security, and cryptocurrencies have been talking about the Lastpass data breach that was disclosed two days ago. The password management company detailed that a breach, committed earlier this year, allowed hackers to obtain a “backup...
FTX paid $12M retainer to a New York law firm before bankruptcy filing
24.12.2022
Sullivan & Cromwell LLP (S&C), a law firm headquartered in New York City, received $12 million from West Realm Shires Services Inc. on behalf of FTX for legal services
Judge pulls out of SBF-FTX case citing husband's law firm's advisory link
24.12.2022
Judge Abrams’ withdrawal from the FTX case eradicates any conflict of interest in the FTX case because Andres continues to serve as a partner at Davis Polk & Wardwell, a law firm that advised FTX in 2021
Blockware Customer Accuses Bitcoin Mining Firm of Fraud
23.12.2022
Lawsuit seeks at least $250,000 of damages
Former Alameda CEO confirms firm borrowed billions from FTX customer deposits as part of plea deal
23.12.2022
According to court documents, Caroline Ellison said she and SBF signed off on “materially misleading financial statements” for Alameda lenders — knowing it was illegal
Mythical Games Sues Former Executives for Secretly Raising $150M for New Firm
23.12.2022
The Web3 gaming studio alleges that the former executives, who departed the firm in November, used knowledge gained from raising funds for Mythical to acquire capital for their new firm, Fenix Games
Japanese Securities Giant SBI, Gaming Firm Square Enix Seal Crypto Gaming Deal
23.12.2022
The Japanese securities, banking, and crypto heavyweight SBI and the Tokyo Stock Exchange-listed gaming firm Square Enix have announced a crypto gaming M&A deal. The companies have signed a share purchase deal for Gumi, an up-and-coming crypto and blockchain gaming company.
The deal is worth...
HK legislator’s firm to lure 1,000 Web3 start-ups over 3 years
23.12.2022
G-Rocket is aiming to attract 1,000 Web3 start-ups to Hong Kong and will help them with banking, government services and office spaces
Crypto Firm Orthogonal Trading Said to Be in Provisional Liquidation After Maple Defaults
22.12.2022
Orthogonal defaulted on $36 million of loans on decentralized finance (DeFi) protocol Maple Finance earlier this month after it misrepresented its losses from the FTX implosion
Third parties could return FTX funds directly to customers: Law firm
22.12.2022
According to Louise Abbott, FTX users could claim in court that assets “remained their property at all times” and could be treated separately from bankruptcy proceedings
FTX Creditors Hire Law Firm Paul Hastings as Representation
22.12.2022
Paul Hastings beat out multiple law firms that pitched to lead legal work in the bankruptcy proceedings
$1.7M in Quadrigacx Bitcoins Move, Court Trustee EY Says Transfers Were ‘Unauthorized’
21.12.2022
On Dec. 19, the Twitter account Zachxbt revealed he discovered five cold wallets from the now-defunct Quadrigacx crypto exchange move 104 bitcoin. The following day, ‘big four’ accountancy firm EY, Quadrigacx’s bankruptcy court trustee, explained it did not authorize...
Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt
21.12.2022
On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000 creditors and its estimated assets are worth between...
Who has returned donations or contributions from FTX amid the firm’s reputational risks?
20.12.2022
Politicians and news organizations have reportedly planned to return roughly $6.6 million in donations from FTX — a mere fraction of the crypto exchange's estimated contributions
Crypto Trading Firm Auros, Hit by FTX Collapse, Discloses Provisional Liquidation
20.12.2022
The move, granted by a British Virgin Islands court in November, allows officials to seek restructuring advice. Auros missed payments on $17.7 million of loans from lending pools on bad debt-ridden protocol Maple Finance
Crypto investment firm CoinShares debuts trading on Nasdaq Stockholm
19.12.2022
CoinShares’ stock was previously listed on the Nasdaq First North Growth Market, an alternative stock exchange for small and medium-sized companies
Binance Finalizes Acquisition of Indonesian Crypto Trading Firm Tokocrypto
19.12.2022
Tokocrypto CEO will step down and 58% of staff to be laid off as part of the deal, says Tokocrypto spokesperson
Software Firm Consensys Partners With Paypal, Metamask Users Can Use Payment Processor to Buy ETH
17.12.2022
On Dec. 14, the Ethereum software firm Consensys announced that the company has teamed up with the payment processing giant Paypal. The integration allows Metamask wallet users to purchase ethereum via Paypal from within the Web3 wallet application. Consensys Teams up With Payments Giant Paypal...
Gemini Customer Data Leak Was Advertised for Sale on Hacker Forums for 30 BTC in September
17.12.2022
On Dec. 14, 2022, the crypto exchange Gemini revealed that some Gemini customers have been the target of phishing attacks that the firm believes stem from a third-party vendor leak. While reports disclosed that Gemini’s leak was approximately “5,701,649 lines of information pertaining...
Capgemini: Nine out of Ten Consumers Interested in the Metaverse
17.12.2022
A report issued by Capgemini, a consulting firm, has found that most consumers are at least curious about the metaverse and what it might bring to their lives. The report, which also examined consumer and company expectations of immersive experiences, explains that many are already taking advantage...