KuCoin, a cryptocurrency exchange, has announced a partnership with cybersecurity firm Hacken to launch a bug bounty program worth $1 million, the largest reward offered by any cryptocurrency exchange to date. According to a report, the KuCoin bug bounty...
Kokomo Finance, a lending platform based on the Optimism protocol, has been accused of an "exit scam" worth $4 million. The platform’s developers allegedly withdrew customer funds from the platform by exploiting a vulnerability in the smart contracts used...
On March 24, 2023, Michael Stollery, founder and CEO of Titanium Blockchain Infrastructure Services (TBIS), received a four-year prison sentence for his involvement in a cryptocurrency fraud scheme related to TBIS's 2018 initial coin offering (ICO). The scheme led...
The Federal Deposit and Insurance Corporation (FDIC) has announced that First Citizens Bank, headquartered in North Carolina, has acquired all of Silicon Valley Bank's deposits and loans through a purchase and assumption deal. Today, we entered into an agreement...
According to a report, the Bank of China Ltd., the Shanghai Pudong Development Bank, and the Bank of Communications Co. have initiated contact with or begun providing banking services to cryptocurrency companies in Hong Kong. Also, a Chinese bank...
A recent report by CNBC alleges that Binance, the world's largest cryptocurrency exchange, has insiders who may be aiding Chinese users in bypassing its security protocols. According to the report, Binance employees and volunteers, known as "Angels," shared communications...
Bit Digital, a New York-based digital asset mining company, has announced a strategic investment in Auros Global Limited, a prominent algorithmic trading and market-making company specializing in crypto and providing liquidity to exchanges and token initiatives. The investment advances...
On March 23, 2023, Greenpeace, a climate activism group, joined forces with artist-activist Benjamin Von Wong to launch a campaign advocating for a change in Bitcoin's consensus mechanism to a Proof-of-Stake (PoS) model. Greenpeace has now unveiled a new...
The highly anticipated Arbitrum (ARB) airdrop was held on March 23, 2023. On-chain activity indicates that "great airdrop hunters" have consolidated tokens worth nearly $3.3 million from 1,496 addresses that participated in the airdrop into two wallets. Lookonchain, a...
Kyle Davies, the co-founder of the now-bankrupt cryptocurrency hedge fund, Three Arrows Capital (3AC), has been ordered to respond to a subpoena he was served in January or risk being held in contempt of court. The subpoena required Davies...
