Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more….

Yield generation app Stablegains is facing a lawsuit after losing around $44 million worth of user funds in the Terra collapse when it previously said it allocated funds “across a number of stablecoins”.

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Korean Incubator Hashed Raises $200 Million for Web 3.0 Investments

Hashed, a Korean blockchain VC firm, has announced the launch of Hashed Venture Fund II, a new fund that will focus on investing in Web 3.0-based startups. The fund raised $200 million for these investments, and while the company did not disclose those who participated, it did announce it will be scaling operations to have […]

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South Korea’s Largest Bank Unveils Bitcoin Custody Services

South Korea's Largest Bank Unveils Bitcoin Custody ServicesKB Kookmin Bank (KB), the largest commercial bank in South Korea, has agreed on a deal with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer bitcoin custody services. In January, the government-owned bank filed its trademark application for digital assets custody with the Korean Intellectual Property Office. The trademark is called Kbdac. […]

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