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Nalezeno "stablecoin": 3919

Nigerian Web3 Startup Says Funds Are Stuck With FTX, Lays Off Employees


Nestcoin, a Nigerian Web3 startup which got an investment from Alameda Research in 2021, revealed on Nov. 14 that it had “a significant proportion of stablecoin investment” stuck at FTX. According to the startup’s CEO, laying off some employees allows the company to focus...

Huobi Becomes Latest Crypto Exchange to Disclose Proof-of-Reserves


Huobi, the Seychelles-based crypto exchange, recently became the latest digital asset exchange platform to reveal the number as well as the value of its digital assets held in reserves. Huobi has said disclosing the assets held in reserves helps to boost users’ confidence in the exchange...

South Korean Stablecoin Fraudster Aged-60+ Jailed for Six Years


Crypto fraud continues to escalate in South Korea – where a scammer aged over 60 has been given a six-year jail term for duping victims into investing in a sham stablecoin. Segye Ilbo reported that an unnamed individual in their sixties – named for legal reasons as A – was imprisoned on charges...

Tether CTO confirms no plans to rescue FTX


FTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help

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