Tag: 90M

$90M in stolen crypto seen shifting

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A hacker dubbed the “Blockchain Bandit” has finally woken from a six-year slumber and has started to move their ill-gotten gains. According to Chainalysis, around $90 million in crypto pilfered from the attacker’s long-running string of “programmatic theft” since 2016 has started moving over the past week. This included 51,000 Ether (ETH) and 470 Bitcoin (BTC), worth around $90 million leaving the Bandit’s address for a new one, with Chainalysis noting: “We suspect that the bandit is moving their funds given the recent jump in prices.” The hacker was dubbed…

Aurora launches $90M fund to finance DeFi apps on Near Protocol

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Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (DApp) built on the Near protocol, has launched a token fund worth $90 million.  The fund was launched today in partnership with Proximity Labs and will be focused on financing decentralized finance (DeFi) applications on the Near protocol. Near Protocol is a DApp platform that focuses on usability among developers and users. As an emerging layer-1 competitor to Ethereum, Near Protocol is also smart-contract capable and runs a proof-of-stake consensus mechanism. Funding was provided by Aurora Labs, which allocated…

Ex-Exec Says Liquid Global Scapegoated Her in $90M Crypto Hack

Marisa McKnight, Liquid Global’s former head of product and marketing in Japan, where the company is based, claims that she “was simply being used as a scapegoat for the hack” of the exchange disclosed on Aug. 19, 2021. The company claimed hackers stole around S$97 million (about US$71 million) worth of digital currency, the filing says. Source

Hong Kong real estate giant leads $90M raise for crypto bank Sygnum

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Sun Hung Kai, one of the largest property developers in Hong Kong, continues betting on the cryptocurrency industry by investing in Swiss crypto outfit Sygnum. Sygnum officially announced Thursday that it had closed a $90-million Series B round led by Sun Hung Kai, a real estate giant and alternative investment firm in Hong Kong. According to Sun Hung Kai executive chairman Lee Seng Huang, the company has a strategic vision to expand its fund management offerings into digital assets. “Amidst growing institutional demand and regulatory oversight of this sector, Sygnum,…

Sygnum Valued at $800M in $90M Funding Round: Report

Sygnum, which runs a digital-asset bank and trading platform, was valued at $800 million in a $90 million funding round, Bloomberg News reported on Thursday, citing a statement from the company. Hong Kong firm Sun Hung Kai & Co. led the round. Animoca Brands and Canada’s Meta Investments also participated, Bloomberg reported, citing the statement. Sygnum is based in Switzerland and Singapore. Its products include regulated trading of crypto currencies. Source

‘League of Legends’ Vets Launch $90M Gaming Seed Fund

“It’s our conviction that games will shape the future. We believe that the biggest opportunities in games will converge into Web 3 (P2E [play-to-earn]/NFTs), and consumer categories like education, fitness, personal finance and more. It will be built for the gaming-natives who not only grew up with games such as Roblox and RuneScape, but also consumer apps like Discord, TikTok, Robinhood and digital assets like NFTs and crypto,” wrote Patron co-founder Jason Yeh in the announcement blog post. Source

Crypto Funds Draw $90M of New Money as Confidence Returns

Digital-asset investment products attracted $90 million of new money in the seven days through Oct. 1, the seventh straight week of inflows. Bitcoin-focused funds alone took in $69 million of investor money, according to a report published Monday by CoinShares. It was the third straight week of inflows for bitcoin funds, pushing the cumulative intake over the period to $115 million and cementing a trend reversal from the prior few months when redemptions were the norm. “We believe this decisive turnaround in sentiment is due to growing confidence in the…