Tag: 105M

Trump’s Media Company Closes $105M Crypto.com Deal

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Trump Media & Technology Group, the parent of US President Donald Trump’s Truth Social platform, finalized an agreement with crypto exchange Crypto.com on Friday that establishes a new entity to accumulate the exchange’s native Cronos (CRO) token, beginning with an initial purchase of 684.4 million CRO as part of a joint treasury strategy. In a Friday notice, Trump Media said it would buy the tokens at a price of approximately $0.153 each, bringing the total initial purchase to nearly $105 million. The transaction will be carried out as an equal…

Couple sent $10.5M by Crypto.com claim they thought they won a prize

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The duo allegedly went on a spending spree with Crypto.com’s funds, buying four houses, vehicles, art, furniture and gifts, but 7 million AUD has now been returned. The Melbourne couple who mistakenly sent almost $6.6 million, or 10.5 million Australian dollars, on Crypto.com in 2021 is arguing in court that they thought the funds were won via a competition. Thevamanogari Manivel and her husband, Jatinder Singh, are currently facing a trial in the Victoria Supreme Court over theft charges, among others, after the duo allegedly went on a spending spree with…

Crypto.com accidentally transfered $10.5M to client instead of $100 refund

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According to local news outlet 7News, two Melbourne women, Manivel Thevamanogari and her sister Gangadory Thevamanogari, received an AUD$10.5 million deposit from Singaporean crypto exchange Crypto.com after the latter made an error in issuing an AUD$100 refund. Instead of the refund amount, an employee allegedly typed an account number in the payment section, resulting in an erroneous transfer to their bank account.  The incident occurred back in May 2021, but was not discovered until an annual audit in December 2021. After filing a lawsuit, the Victoria Supreme Court recently ruled…

Talos raises $105M to become the latest crypto unicorn valued at $1.3B

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PayPal-backed cryptocurrency firm Talos is becoming the latest unicorn in the industry, reaching a $1.25 billion valuation following new funding. Talos has raised $105 million in Series B funding round led by a major global growth equity firm, General Atlantic, according to an announcement released on May 10. The funding will help Talos extend its institutional-grade digital asset platform as well as accelerate the firm’s expansion into the Asia-Pacific region and Europe. The raise featured major firms in both the traditional finance and the crypto industry, including Ken Fox’s private…

Zero Hash Raises $105M in Series D Funding Round

“Zero Hash has defined a new fintech vertical of ‘digital-assets-as-a-service,’” founder and CEO Edward Woodford said in a press release. “Our thesis is very simple – every financial services firm and a wide variety of customer businesses will offer a crypto or NFT product within the next 12 months.” Source