1.5M Archives

Cryptocurrency Worth $1.5M Seized From Former Ukrainian Head of State Communications

December 1, 2023

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Friend.Tech User Sells 176 Keys for $1.5M Ether, Jumps Ship to New Bitcoin City

October 24, 2023

Developer @punk3700 previously told CoinDesk that bitcoin’s usage in DeFi applications has so far been limited to tokenized representations of bitcoin on other chains, such as Ethereum or Solana, but that the New Bitcoin City believed a gap remained for wealthy bitcoin holders to use their assets on interactive applications. Source

Web3 File Management App Fileverse Gets $1.5M Investment From Gnosis Chain, Balaji Srinivasan, Other Investors

October 17, 2023

Privacy-focused Gnosis Chain and venture capital firm Factor led the investment, according to a press release shared by the firm. Crypto wallet provider Safe, social media privacy solution Mask Network, decentralized file storage Arweave Ecosystem and its ecosystem incubator Forward Research, Web3 credentials network Galxe, ex-Coinbase Balaji Srinivasan and other angel investors also participated in the round. Source

Sam Bankman-Fried’s FTX Bankruptcy Burning Through $1.5M in Legal Costs Every Day

August 23, 2023

“They’ve now moved to a pace of almost $50 million a month in fees, with literally hundreds of lawyers, financial advisors and bankers working on them practically full time,” said Kris Hansen, a lawyer from Paul Hastings representing the creditors’ committee. “Every dollar spent in the case is essentially a dollar that creditors don’t receive.” Source

Arbitrum-based Rodeo Finance exploited for second time, $1.5M stolen

July 11, 2023 boss

Arbitrum-based decentralized finance (DeFi) protocol Rodeo Finance was exploited for $1.53 million on July 11. The DeFi protocol was exploited using a code vulnerability in its Oracle, leading to a loss of over 810 Ether (ETH). According to data shared by blockchain analytic firm PeckShield, the exploiter later bridged the stolen funds from Arbitrum to Ethereum and swapped 285 ETH for unshETH. The exploiter then deposited the ETH on Eth2 staking. Finally, the exploiter routed the stolen ETH using the popular mixer service Tornado Cash, which exploiters often use as…

Crypto investigator ZachXBT alleges YouTube influencer Blue stole $1.5m through scams

July 10, 2023

Cryptocurrency detective ZachXBT detailed alleged cryptocurrency fraud activities conducted by a popular YouTube personality, known as Blue or Jack, potentially amounting to over $1.5 million in stolen funds. Cryptocurrency investigator ZachXBT has published evidence alleging a YouTube influencer named Blue, also referred to as Jack, was involved in numerous crypto heists amounting to a staggering $1.5 million. Initially known for his gaming and prank videos, Blue amassed a following of over 122,000 subscribers on YouTube, before allegedly becoming embroiled in cryptocurrency scams in 2021, as detailed by Zach on Twitter.…

Decentralized Chess Game Secures $1.5M in Funding

June 22, 2023

Anichess, made in partnership between Animoca Brands and Chess.com-owned Play Magnus Group (PMG) and its Champions Chess Tour, is a community-driven, free-to-play game that’s billed as having “new strategic layers powered by magical spells.” Anichess combines the core rules of a classic chess game with a so-called “spell mechanic” that includes a range of offensive, defensive and counter tactics. There will also be esports-like elements added through challenges. Source

DeFi Platform Num Finance Raises $1.5M, Will Expand Stablecoins in Latin America, Middle East

May 23, 2023

Stablecoins anchor their price to an external asset, usually to a government-issued fiat currency, and allow cheaper and faster transactions using blockchain technology. Despite its growing adoption in developing countries, U.S. dollar-denominated stablecoins dominate the market, representing roughly 99% of the combined supply, according to CoinGecko data. Source

Crypto Financial Product Firm OpenTrade Raises Over $1.5M Round led by Sino Global

May 4, 2023

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Former Coinbase exec cancels $1m bitcoin bet, donates $1.5m to charity

May 3, 2023 boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Former Coinbase Chief Executive Officer (CTO) Balaji Srinivasan canceled his $1 million bet on bitcoin (BTC) on May 2 after it failed to reach $1 million within 90 days. Balaji gave $1.5 million to three organizations as part of the settlement, including a charity organization, GiveDirectly. Balaji Srinivasan, the former CTO of Coinbase, has abandoned his wager that bitcoin will hit $1 million in the next 90 days. Balaji revealed on Twitter on May 2 that…