Orbit Chain, a platform that interacts and transacts with various blockchains, has lost $81 million after hackers exploited the platform’s cross-chain bridge. Source
Tag: 81M
Ukrainian government reports $81M tax loss from unregulated crypto exchanges since 2013
According to data provided by the Ukrainian government, cryptocurrency exchanges offering services in the country have failed to contribute more than $81 million to the national budget in the last decade. In an Aug. 2 notice, the Economic Security Bureau of Ukraine reported unrelated crypto exchanges were responsible for at least 3 billion hryvnia in lost taxes — roughly $81 million — from 2013 to 2023. The government body said it had analyzed trading activity of exchanges created by residents of Ukraine which had roughly $55 billion in Bitcoin (BTC),…
Bitcoin (BTC) Miner Marathon Digital-Linked Startup Auradine Raises $81M
“The Auradine team of bold entrepreneurs are building a web infrastructure platform that will enable a new era of decentralized and distributed applications,” said Chaddha, managing director at Mayfield, in the press release. “We are excited to serve as an inception investor on their journey to leverage AI, blockchain, and privacy technologies to help create an industry leader.” Original
Indian authorities freeze $8.1M in WazirX funds as part of AML investigation
India’s Directorate of Enforcement, or ED, has announced it froze roughly $8.1 million in funds and conducted a search connected to cryptocurrency exchange WazirX as part of an investigation into instant personal loan fraud. In a Friday announcement, the Directorate of Enforcement alleged WazirX facilitated transactions by unnamed fintech firms “to purchase crypto assets and then launder them abroad” as part of a scheme involving Chinese-backed companies circumventing India’s licensing regulations. In its investigation, the ED said it ordered WazirX bank accounts containing 646.7 million Indian rupees — roughly $8.1…
Indian Government Raids Director of Crypto Exchange WazirX, Freezes $8.1M
The Directorate of Enforcement (ED) has seized bank assets belonging to crypto exchange WazirX in light of a government probe. Source
Celsius Reclaims $410M of ‘stETH’ Tokens After Paying Down $81M Debt to Aave
At press time, Celsius still owed $59 million to DeFi protocols, according to data on crypto data tracker Zapper: $8.5 million to Aave and $50 million to Compound, with $28 million and $199 million locked up on the platforms, respectively, as collateral, denominated in various tokens. Source