Standard Chartered’s crypto-arm, Zodia Custody, intends to provide payouts on cryptocurrency assets for its customers. In order to provide investors with the opportunity to earn yield while taking use of the advantages of blockchain technology. The cryptocurrency custodian has collaborated with OpenEden to provide the “Zodia Custody Yield” service. According
After being investigated and hit with a large fine, South Korean crypto lender Delio is reportedly getting ready to file an administrative lawsuit against authorities over its misinterpretation of the law. The local media said that Delio stated the Financial Service Committee’s (FSC) claims of fraud and theft are unfounded.
The founder and ex-CEO of defunct cryptocurrency lender Celsius, Alex Mashinsky, has filed a fresh application in court asking for the U.S Federal Trade Commission (FTC) action against him to be dismissed “in its entirety.” The ex-CEO of Celsius had his lawyers contend that there is insufficient evidence to prove
Despite hackers apparently exploiting a known security hole in Lido DAO’s token contract, Lido Finance has guaranteed Lido DAO LDO and staked-Ether (stETH) tokens are secure. In response to a post by blockchain security company SlowMist on September 10, Lido said that LDO and stETH funds are secure but did
Following a request from the United States DOJ, a federal court has ordered the freezing of certain financial accounts and assets belonging to Alex Mashinsky, former Celsius CEO. A motion to unseal a restraining order concerning Mashinsky’s assets was approved by a court on September 5, according to a filing
Bloomberg says that one subset of the crypto industry, ‘liquid staking,’ has seen a stunning revival, almost reaching its all-time high. Assets held in liquid staking services increased by a remarkable 292% to $20 billion, recovering from a crisis in June 2022, when the larger digital-asset market was in an
Some members of the community are concerned that Lido Finance now controls almost a third of all staked ETH. They argue that Lido’s growing influence is threatening Ethereum’s decentralized nature. Dune Analytics reports a 95% increase in the total amount of ETH staked over the last year, from $22 billion
Singaporean cryptocurrency lender Vauld, which has been going through bankruptcy proceedings since August 2022, recently announced that it has been granted permission to reorganize its board. The restructuring of the corporation will be overseen by the new management. Vauld’s co-founder Darshan Bathija announced on Twitter on August 24 that the
Exactly is a crypto lending platform that operates on the Optimism network. Initially, it was reported that more than 7,160 ETH, worth approximately $12 million, had been taken, however, this figure was eventually reduced. According to Exactly, the breach affected the DebtManager peripheral contract. As per blockchain security companies DeDotFi
After experiencing an assault on its “zStables” pools on Curve Finance, Zunami Protocol has warned users not to purchase any of its Zunami Ether (zETH) or Zunami USD (UZD) stablecoins. Please do not buy zETH and UZD at the moment, their emission has been attacked. — Zunami Protocol (@ZunamiProtocol) August
