SVB Financial Group has reportedly submitted a voluntary petition to the United States Bankruptcy Court for the Southern District of New York to undergo a court-supervised reorganization under Chapter 11. This measure is intended to protect the company's value....
Attorneys representing Tari Labs and Lightning Labs, two blockchain companies, have come to an agreement to modify the temporary restraining order that halted the development of the Taro protocol. In a petition dated March 15, 2023, the attorneys recommended...
Euler Finance, an Ethereum-based lending protocol, was recently hacked for $196 million. Before this attack, the platform underwent ten consecutive audits over two years, and it was concluded that it had only a low risk of being attacked and...
On March 17, 2023, GAIMIN, a company providing decentralized and distributed data processing capabilities, announced an expansion of its gaming platform. The expansion includes integrating a Web3 games launcher and offering enhanced gaming rewards to players. Gaimin's game launching...
LinksDAO, a golf startup that operates through a decentralized autonomous organization (DAO), has successfully bid to purchase the Spey Bay Golf Club in Scotland for just over $900,000. We won the bid. WE'RE BUYING A GOLF COURSE!!! — Links...
According to TrustCheck, scammers have stolen over $300,000 from users who unknowingly connected their wallets to fraudulent sites while attempting to claim airdrops of BLUR tokens. The newly launched Blur platform has gained popularity in the NFT marketplace by...
Just hours after a $1 million bounty was offered to identify the culprit behind the $196 million attack on Euler Finance, the hacker has begun moving the funds into the cryptocurrency mixer Tornado Cash. #PeckShieldAlert @eulerfinance exploiter on the...
The administrators in charge of restructuring the bankrupt crypto exchange, FTX, have revealed that six former executives, including Sam Bankman-Fried (SBF), received payments and loans totalling $3.2 billion from FTX-affiliated companies. Sharing the FTX Debtors’ press release just issued:...
The Federal Deposit Insurance Company (FDIC) of the United States has stated that any investor who wishes to purchase Signature Bank must agree to discontinue all the bank’s cryptocurrency-related activities. Signature Bank, headquartered in New York, and California-based Silicon...
On March 15, 2023, Judge Michael Wiles of the District Court for the Southern District of New York upheld his previous approval of Voyager Digital's Chapter 11 bankruptcy plan and rejected the United States government arguments to delay the...
