Kaplan replaces Judge Ronnie Abrams, who recused herself from the case on Friday because of a potential conflict of interest since her husband is a partner at law firm Davis Polk and Waddell, which is advising parties possibly adverse to FTX and Bankman-Fried in the exchange’s bankruptcy proceeding, according to Abrams. Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase is seeing massive amounts of bitcoin withdrawn from the platform during this crypto bear market. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Crypto lender BlockFi, which also filed for bankruptcy, alleged in a court document that it was owed the rights to the Robinhood shares due to a deal Bankman-Fried made in early November. The shares were pledged as collateral against a loan taken out by Alameda Research – the same firm whose funds were used to purchase the shares to begin with, according to Tuesday’s filing. Source
According to a letter posted on Chinese blockchain news publisher Odaily.com on Dec. 27, Kevin Como, the anonymous CEO of BitKeep, warned that users’ private keys are still at risk after a security incident on Dec. 26 led to over $13 million in losses at the time of publication. BitKeep is one of the more popular noncustodial, decentralized finance multichain wallets with over 6 million users. Specifically, Como wrote: “This was a large and atrocious hacker attack incident. The BitKeep APK 7.2.9 (Android Package Kit) installation package was hijacked and…
Bitcoin (BTC) saw a fresh hint of volatility at the Dec. 27 Wall Street open as United States equities began the final trading week of the year. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin ekes out fresh volatility Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dropped around 1% at the opening bell. Despite involving a move of only $150, the event was still noticeable on lower timeframes, Bitcoin having shunned any form of volatility for multiple days. The move came in response to a 0.6%…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io COLUMBUS, Ohio (WCMH) — What James Lanham thought was the beginning of a blossoming romance turned out to be a … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Place/Date: – December 27th, 2022 at 3:19 pm UTC · 3 min read Source: Plena Finance While Decentralized wallet users have long been complaining about the wallets’ limitations and functionalities, Plena Finance is flipping such complaints on their heads by consistently adding new features to its robust web3 wallet. The Multichain Non-Custodial Plena wallet was already one of the most efficient web3 wallets in the space. Yet here comes another unique and highly-secure Chat and Pay attribute that no other web3 wallet features. Why Chat and Pay is a Significant…
A major cryptocurrency mining pool has been hit by hackers earlier this month, the company who owns the pool revealed in an announcement. The incident resulted in the theft of digital assets belonging to the pool and its clients worth a combined total of $3 million. Chinese Authorities Launch Investigation Into Crypto Mining Pool Hack A subsidiary of the coin minting company Bit Mining has been targeted in a hacking attack, the company said in a press release. The affected entity is a leading bitcoin mining pool, Btc.com, which in…
When, hours after FTX Group declared bankruptcy in November, a hacker sacked the exchange’s ruins, they also snagged a major haul of MER tokens then worth $800,000. That heist gave Mercurial’s team a pretext to revamp the entire protocol, Chow said. (The hacker’s address is being blacklisted from the airdrop, as are all associated with FTX.) Source
The recent events in the crypto markets have reaffirmed the value proposition of decentralized finance (DeFi) as one of the core building blocks of the future of digital assets. However, the DeFi space has also been impacted by the changes in the market because many of the top participants in DeFi have effectively disappeared. This combination of events creates a very strong friction for the future of DeFi. In some ways, the challenges with centralized financial (CeFi) institutions should favor the adoption of DeFi protocols. On the other hand, the…