Magic Eden to refund users after 25 fake NFTs sold due to exploit
Over two dozen fake NFTs were sold on the Magic Eden marketplace over a 24-hour period due to a “massive exploit” on the platform. Go to Source Powered by WPeMatico
Month: January 2023
US Regulators and the Fed Jointly Issue Crypto Warnings
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly issued warnings about crypto risks to banking organizations. “The agencies have significant safety and soundness concerns with business models that are concentrated in crypto-asset-related activities or have concentrated exposures to the crypto-asset sector,” the … Read more
SEC files objection to Binance.US’s plans to acquire Voyager Digital
The SEC wants to see more information included in the $1.022 billion deal between Binance’s U.S. arm and Voyager Digital before it agrees to the acquisition. Go to Source Powered by WPeMatico
Bahamas Regulator Disputes FTX’s Claim About Value of Seized Cryptocurrencies
The Securities Commission of the Bahamas has disputed FTX’s claim that the value of the cryptocurrencies it seized from the bankrupt crypto exchange was not $3.5 billion. The new FTX chief’s “continued lack of diligence when making public statements concerning the Commission is disappointing,” the Bahamian regulator stressed. Bahamas Regulator and FTX Disagree on the … Read more
US authorities are seizing $460M in Robinhood shares tied to FTX: Report
Officials reportedly told a bankrup judge they were in the process of seizing 56 million shares of Robinhood tied to FTX and its former CEO Sam Bankman-Fried. Go to Source Powered by WPeMatico
Bonk token goes bonkers as traders chase after high yields in the Solana ecosystem
Traders are piling into BONK, boosting its price by triple-digits in the last 24-hours and possibly hinting at a trend reversal in Solana price. Go to Source Powered by WPeMatico
Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius
Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately $7.8 million for energy and hosting costs, as the crypto lender has been unable to make regular payments as outlined in the hosting contract. Celsius … Read more
Celebs who got burned endorsing crypto and those that got away with it
Screen actors and sports stars copped most of the backlash for 2022’s crypto endorsements, while soccer legends appear to have gotten away with it. Go to Source Powered by WPeMatico
Judge rules Celsius owns funds in Earn accounts, paving the way for stablecoin sale
Judge Martin Glenn found the terms of use for the Earn program “unambiguous,” and besides that, treating account holders as unsecured creditors was more equitable. Go to Source Powered by WPeMatico
NFT influencer falls victim to cyberattack, loses $300K+ cryptopunks
They appear to have authorized a malicious Dapp to transfer their tokens, leading the assets to be drained immediately. Go to Source Powered by WPeMatico
