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Israeli Crypto Company Etoro Lays Off 100 Workers, SPAC Deal Terminated, Company Eyes Private Raise
6.7.2022
The digital currency firm Etoro has revealed it is laying off 100 workers or roughly 6% of the company’s workforce. Furthermore, Etoro disclosed that the company is terminating the special purpose acquisition company (SPAC) merger planned with Fintech Acquisition Corp. Etoro says the company...
Crypto Chaos Continues as Loans Firm Cuts Withdrawal Limit, 3AC Moves Funds, & Celsius Apparently Pays Maker
5.7.2022
Crypto turmoil continues to deepen in the bear market, with more Celsius-related developments, another crypto loans firm introducing restrictions, and more activity from Three Arrows Capital (3AC) – which appears to have moved some of its funds.
Celsius, which operates the celsius (CEL) token...
Exploit Forces Crema Finance to Temporarily Suspend Services, $8.7 Million Stolen
3.7.2022
According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million from the attack. Crema Finance Vulnerability Causes Defi App to Lose Millions —...
Meta Ending Crypto Project Novi After Mark Zuckerberg Unveiled Metaverse Digital Wallet
3.7.2022
Meta Platforms, formerly Facebook, has announced the end of its crypto project Novi. Users are advised to withdraw funds as soon as possible. The announcement followed the introduction of a digital wallet for the metaverse, announced by Meta CEO Mark Zuckerberg. Crypto Project Novi Ending Facebook...
Multisigs mean funds in bridges are 'one small slipup' from being hacked
1.7.2022
Industry insiders have pointed out the flaws inherent in multisig security as a way to protect funds in smart contracts, and have offered various alternative solutions
Argentinian Tax Agency Ramps Up Digital Wallet Seizures
1.7.2022
The Argentinian Tax Agency, the AFIP, has ramped up the seizures of digital wallets of taxpayers in the country. The institution managed to seize more than 1,200 digital wallets of taxpayers that had debts and didn’t have a bank account, or other properties available to be collected by...
Crypto market crash wipes out millions from North Korea's stolen crypto funds
29.6.2022
While North Korea leads the world in crypto crime, crypto analytic firms have estimated that DPRK hackers have found it increasingly difficult to launder stolen crypto funds
Twitter User Accuses Nexo of Embezzlement Through Charity, Crypto Lender Denies Allegations
28.6.2022
A Twitter account has accused the Bulgarian co-founders of the Swiss-based cryptocurrency lender Nexo of misappropriating funds from a charity platform. The company has rejected the allegations in the anonymous attack, which comes after Nexo offered a buyout deal to troubled rival Celsius....
Are custodied crypto funds at risk? Industry veterans explain
28.6.2022
Investments under custody are usually very safe, until the accountability of the custodian is called into question
Crypto more popular among millennials than mutual funds, survey shows
28.6.2022
The report titled “How Millennials See Their Financial Future” showed that 40% of millennial survey participants have invested in crypto
Harmony hacker sends stolen funds to Tornado Cash mixer
28.6.2022
The exploiter seems to have rejected the Harmony team’s bounty offer of $1 million to return the $100 million stolen from the Horizon Bridge token bridge
Bitcoin Funds See Largest Outflows on Record ‘By a Wide Margin’ – CoinShares
27.6.2022
Bitcoin (BTC) and crypto-backed investment funds saw outflows of USD 423m last week, marking the largest weekly outflows on record “by a wide margin,” data from the digital asset investment firm CoinShares shows.
Per the latest update from CoinShares, the large outflows were solely focused...
$1 Million Bounty For Returning Funds Taken From Horizon Bridge
27.6.2022
Harmony Protocol has announced a bounty worth $1 million for returning the funds that were maliciously extracted from Horizon Bridge. Additionally, Harmony Protocol has committed not to advocate criminal charges for returning the funds and sharing exploited information. The announcement was made...
Crypto Hedge Funds, Traders Short Tether After UST’s Implosion: Report
27.6.2022
The positions are worth at least “hundreds of millions” of dollars in notional value, one trader said
ONE Keeps Trending Lower while Harmony Offers Hacker USD 1M in Bounty for Return of Funds
27.6.2022
The team behind the layer-1 blockchain Harmony (ONE) has offered the Horizon Bridge hacker USD 1m in bounty for the return of some USD 100m in stolen funds.
"We commit to a [USD] 1M bounty for the return of Horizon bridge funds and sharing exploit information," Harmony said in a Twitter post...
‘Smear campaign’: Nexo responds to accusations of stealing donations, siphoning funds from charity
27.6.2022
A pseudonymous Twitter account making a series of accusations against Nexo has caused the crypto lender to issue a cease and desist notice
Crypto Firm Voyager Digital Secures a $500M Line of Credit From Alameda Ventures to Cope With 3AC Exposure
26.6.2022
Three days ago, Bitcoin.com News reported on the publicly listed company Voyager Digital after the crypto firm announced that it was owed $655 million worth of digital assets. Now according to a press release from Voyager, the company has secured funds from Alameda Ventures in order to get more...
Japanese Virtual IP Firm Raises $10 Million to Accelerate Metaverse Business
25.6.2022
Brave Group Inc., a Japanese virtual IP firm, recently said it had raised $10 million in new capital and that the company expects to use part of these funds to boost its “solution services for clients in the metaverse marketing business.” Taking part in Brave Group’s latest...
Goldman Sachs Raising Funds to Buy Celsius Assets: Sources
24.6.2022
The Wall Street firm is seeking $2 billion in commitments from investors to buy distressed assets at steep discounts if the crypto lender goes bankrupt
Axie Infinity's Ronin Bridge to Re-Open After Hack, Locked Funds to Be Returned
24.6.2022
Ronin (RON), Ethereum (ETH) sidechain built specifically for the play-to-earn game Axie Infinity (AXS), will soon re-open a bridge used to transfer assets to the chain after it was halted following a major hacking incident in March this year.
According to a tweet from Ronin on Thursday,...