Wed, December 18

Insolvent Celsius Network Files $2B Lawsuit Against Alameda Research

A $2 billion lawsuit has been brought against FTX’s sister firm Alameda Research by Celsius Network on claims of suspicious trading activity that may have affected the price of the Celsius CEL token in 2022. Regulatory agencies such as the U.S. CFTC, the U.S. SEC, and federal prosecutors in Manhattan

July 13, 2023 1 min read

DeFi Protocol Arcadia Finance Hacked for $455,000

Arcadia Finance, a protocol for non-custodial decentralized finance (DeFi), was hacked for over $455,000 due to a flaw in the code. The breach on Arcadia Finance was brought to light by blockchain investigator PeckShield. It attributed it to “the lack of untrusted input validation.” It was claimed that the code

July 11, 2023 1 min read

OPNX Introduces Credit Currency for Margin Trading Dubbed ‘oUSD’

Mark Lamb, co-founder of OPNX, announced the creation of a credit currency for margin trading on July 5 in a statement. The “phase 1” release of the oUSD currency requires users to put crypto assets into the exchange before they may obtain oUSD. To facilitate potential “bankruptcy remoteness,” Lamb said

July 5, 2023 2 mins read

Bitget Introduces New Crypto Loans Product for Lending Market

Bitget has launched a Crypto Loans product to enter the cryptocurrency lending sector. The platform plans to provide a crypto-based alternative financing option, as said in a statement, in an effort to win over customers who are dissatisfied with traditional financial institutions. It utilizes a dual-coin strategy to streamline the

July 5, 2023 1 min read

Poly Network Exploit Leads To Temporary Shut Down of Operations

After a significant attack that compromised more than 57 assets across many blockchain platforms on Sunday, July 2, Poly Network temporarily shut down its operations. Poly Network, an interoperability platform, was severely hacked over the weekend when an attacker used a flaw in the cross-chain bridge protocol to generate billions

July 3, 2023 1 min read

South Korean Regulator Investigating Crypto Lending Firm Delio

As of June 30th, the South Korean Financial Services Commission (FSC) is reportedly looking into crypto lending company Delio, as reported by the local news portal Digital Asset. The FSC has filed charges of fraud, embezzlement, and breach of trust against Delio due to the company’s June 14 decision to

July 1, 2023 2 mins read

Top 4 DeFi Tokens That Can’t Be Missed by Investors

In today’s crypto market, Defi tokens have showcased exceptional performance. It is currently outshining in the ever-evolving landscape. Over the past two weeks, the total market capitalization of DeFi has witnessed a remarkable 15% increase, soaring from $41.5 billion to $47.8 billion. Aave, Uniswap, Stacks, and Synthetix have been the

June 26, 2023 3 mins read

U.S SEC Postpones $30M Penalty Payment of Insolvent BlockFi

For the time being, Insolvent crypto lender BlockFi will be able to put off paying a $30 million penalty to the U.S. Securities and Exchange Commission. A $50 million settlement with the regulator was reached in February of 2022, and this is the remaining balance. Court documents filed on June

June 24, 2023 1 min read

Struct Finance Launches Customizable Interest Rate Products

Struct Finance, backed by Ava Labs, has launched customizable interest rate products on the mainnet. Now cautious investors no longer need to avoid DeFi, whether they are institutions or smaller players. The mainnet launch of Struct Finance’s cutting-edge Interest Rate Vaults and a distinctive tranching mechanism was announced today. Struct

June 21, 2023 4 mins read

Delio CEO Announces Plans To Restart Withdrawals Gradually

Delio, the leading cryptocurrency lending platform in South Korea and a central figure in the Lugpool dispute, temporarily halted withdrawals two days ago. The company’s CEO has lately revealed intentions to gradually restart withdrawals. Delio CEO Jeong Sang-ho announced the gradual resumption of withdrawal services at a conference with investors.

June 17, 2023 2 mins read