Tag: 110M

Crypto Exchange HTX and Heco Bridge Hacked Again for $110M

The crypto exchange HTX (previously known as Huobi) and the HECO chain are said to be hacked. The crypto exchange HTX (previously known as Huobi) and the HECO chain are said to be hacked. Though the information hasn’t been officially confirmed, possible losses may have reached over  $110 million. We are detecting multiple suspicious transactions on @HTX_Global hot wallets and on @HECO_Chain bridge that were probably executed by the same entity, total value of $100M. https://t.co/Q5pOfdRTcz — Meir Dolev (@Meir_Dv) November 22, 2023 It’s not the first time when HTX…

Blockchain.com Closes $110M Funding as Investors Show Renewed Interest in Cryptocurrency

A number of reputable investors participated in the Series E funding round, among them there were Lakestar, Lightspeed Venture Partners, Coinbase Ventures, and Baillie Gifford. Blockchain.com, a leading cryptocurrency exchange and wallet provider, recently raised $110 million in a Series E equity financing round that was led by UK-based Kingsway Capital. The latest investment comes despite the firm’s valuation falling below half of its previous $14 billion figure that it had earlier this year. Blockchain.com provides one of the biggest crypto exchange and wallet provider services in the world. The company…

Crypto hub Blockchain.com raises $110m in Series E funding

Blockchain.com’s latest funding reportedly leaves its valuation at less than half of its $14 billion back in 2022. Blockchain.com, the company behind a cryptocurrency wallet and an exchange, has raised $110 in a Series E funding round led by British investment firm Kingsway Capital. According to Bloomberg’s sources, the company’s latest funding left its valuation at less than “half of prior $14 billion” as the firm struggles to survive after it lent $270 million to the now defunct Three Arrows Capital (3AC) hedge fund. In addition to Kingsway, the London-headquartered…

Blockchain.com $110M funding round halves its 2022 valuation: Report

boss

Crypto exchange and wallet provider Blockchain.com closed a $110 million Series E financing round, an investment that more than halves its previous 2022 valuation of $14 billion. In a Nov. 14 blog post, Blockchain.com said the closing of its Series E round was led by the United Kingdom-based venture capital firm Kingsway Capital. It also saw participation from Baillie Gifford, Lakestar and Coinbase Ventures, among others. A Nov. 14 Bloomberg report citing sources familiar with the matter said the $110 million round places Blockchain.com at less than half of its…

Polygon Labs Starts 110M MATIC Grant Program to Draw Builders to Its Ecosystem

CryptoX – Cryptocurrency Analysis and News Portal Direct grants of up to 2 million MATIC ($1.55 million) will be offered to later stage projects, Polygon Labs said in an emailed announcement on Thursday. Early stage projects can apply for so-called quadratic funding grants, whereby community members make donations that act as votes on where they are allocated. Source The post Polygon Labs Starts 110M MATIC Grant Program to Draw Builders to Its Ecosystem appeared first on CryptoX. CryptoX Portal

Avi Eisenberg’s $110m crypto fraud trial gets rescheduled

The trial for Avi Eisenberg, the crypto trader accused of a $110 million fraud, has been pushed back to April 2024. The trial was initially scheduled to kick off next month. Originally set to commence on Dec. 8, Eisenberg’s trial has faced delays due to several factors. His legal team requested additional time to prepare, citing the case’s complexity involving unique legal and factual issues related to crypto-native concepts.  Eisenberg’s lawyers sought extra preparation time, highlighting the intricate and unprecedented legal challenges posed by the alleged fraud. Unlike conventional fraud…

AI Chipmaker d-Matrix Raises $110M in Series B Funding Round

d-Matrix’s innovative chip designs have been gaining recognition, particularly for their effectiveness in powering generative AI applications like ChatGPT. d-Matrix, a rising star in the artificial intelligence (AI) chip industry, has successfully secured a significant $110 million in a series B funding round, with substantial support from heavyweight investors, including tech giant Microsoft Corp. This latest funding achievement comes at a time when many chip companies are grappling with challenges in securing investments. According to a Reuters report on August 6, the funding round, led by Singapore-based Temasek, with participation…

Deposits to zkSync surpass $110M as its DeFi ecosystem explodes

The total amount of funds bridged to zkSync reached $115 million within 10 days of the public mainnet launch as users rush to farm the airdrop of the Ethereum rollup’s expected native token, per L2BEAT data. The zkSync era mainnet was launched one day after the March 24 Arbitrum airdrop. The median airdrop for eligible wallets was 1,250 ARB, earning its owners around $1,500 in free money. As users rushed to farm the next airdrop, zkSync has emerged as one of the most popular airdrop plays for the market. The…