But all of its social media accounts were scraped on Sunday. The team itself was anonymous. Onchain researcher @somaxbt said the apparent stolen funds came from over 750 wallets. Nearly $500,000 worth was later sent to the swapping service ChangeNow, $360,000 to crypto exchange MEXC, and $187,000 to Bybit. Source
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The liquidators of the bankrupt ‘digital currency’ hedge fund Three Arrows Capital (3AC) seek $1.3 billion from its founders, Zhu Su and Kyle Davies. According to sources, the New York advisory firm Teneo, appointed as liquidators, alleges that the requested amount corresponds to the losses incurred by the duo before the hedge fund’s collapse. In a meeting held on June 27, the liquidators devised strategies for the ongoing liquidation process. Three Arrows Capital liquidators are seeking to recover $1.3 billion from the co-founders of the failed crypto hedge fund https://t.co/ycXkzBs1zy…
Lending protocol Aave DAO has already been recommended to “freeze” millions worth of CRV tokens. Source
Stablecoin issuers including Tether, Circle, and others have spent well over a million dollars lobbying lawmakers on Capitol Hill since the start of 2022, according to recent data. Stablecoins have become the center of attention in Washington DC recently as pressure mounts to roll out a regulatory framework for dollar-pegged digital assets. Tether uses the law offices of Michael Jason Lee for its lobbying efforts which are carried out through FTI Government Affairs, a consulting firm with bipartisan connections. According to public interest outlet ProPublica, Tether has spent around $600,000 since…
nealthy has announced a successful pre-seed funding round that will help the startup offer more services to help users easily invest in Web3. nealthy, a Web3 startup that facilitates cryptocurrency and NFT investments, has announced that it successfully concluded a pre-seed funding round where it raised $1.3 million. The funding round saw backing from several Web3 investors and crypto celebrity ‘DonGeraldo.’ The Web3 startup is an Ethereum-based platform offering interested users varying exposure levels to NFT and crypto investments. nealthy plans to use the funds for team expansion by hiring…
YouTuber Logan Paul has unveiled a $1.5 million recovery plan for the people who invested in his beleaguered NFT project CryptoZoo. Announcing the move in a video shared via Twitter on Jan. 13, Paul reiterated that he is no longer looking to sue fellow YouTuber Coffeezilla for defamation over accusations he made in a critical series of videos on Paul’s NFT project. My 3-step plan for CryptoZoo, including a $1.3M rewards program for disappointed players. Thank you, @coffeebreak_YT pic.twitter.com/xFX017UHoc — Logan Paul (@LoganPaul) January 13, 2023 As such, Paul emphasized…
The mining arm of crypto lender Celsius Network has issued a notice for the sale of $1.3 million worth of mining equipment as part of its bankruptcy case. In a Jan. 11 filing with the United States Bankruptcy Court of the Southern District of New York, Celsius said it will be selling 2,687 MicroBT M30S ASIC rigs to investment firm Touzi Capital. Touzi, which invests real estate and blockchain, will pay Celsius Mining more than $1.3 million for the miners, located at a Texas facility. According to Celsius, Touzi made…