Almost a tenth of the asset’s $4.4 billion market value has been rescued. More than 23,000 WBTC (equivalent to $440 million) were returned. After retrieving 400,000 Staked Ethereum in collateral from an Aave loan, the troubled crypto lending company Celsius has paid off virtually all of its outstanding DeFi debt.
The perpetrators had stolen ETH from victims as well as ERC20 tokens and NFTs. The Uniswap team responded that the attack was part of a phishing scheme. At least $4.7 million worth of Ethereum was stolen in a sophisticated phishing attempt targeting Uniswap v3 protocol liquidity providers (LPs). On the
Three Arrows moved for Chapter 15 bankruptcy at the end of June. Liquidators sent by the court could not access the company’s Singapore headquarters. A filing by advisory firm Teneo, which is anticipated to sell the remaining assets of the controversial cryptocurrency hedge fund, reveals that the Three Arrows Capital
Voyager announced its Chapter 11 bankruptcy filing on Wednesday. An insured bank must provide $250,000 in insurance to each of its customers. As confirmed by an FDIC official, Reuters reported on Thursday that the Federal Deposit Insurance Corporation (FDIC) is investigating Voyager Digital Ltd. (TSE: VOYG) and its promotion of
Stone has been seeking to settle “a significant sum of money” that Celsius owes KeyFi. Stone claimed that the DeFi account 0xb1 was handling roughly $2 billion in assets. Jason Stone, a DeFi entrepreneur and CEO of KeyFi, Inc., is suing Celsius, a crypto lending platform, for allegedly failing to
The DeFi project’s staff said it had received an on-chain response from the hacker. The firm submitted its modified coding to the blockchain security company Slowmist. Approximately $8.7 million in crypto assets were stolen from the DeFi project Crema Finance on July 2, 2022. According to Ottersec, a blockchain auditing
Currently, Alameda Research owes Voyager $377 million. Voyager issued a default notice recently because 3AC could no longer pay. A borrower bailing out its lender for hundreds of millions of dollars is rare. According to a Chapter 11 bankruptcy petition by crypto broker Voyager Digital, Sam Bankman- Fried’s Alameda Research,
According to reports, Kirkland and Ellis LLP are representing the company. More than 100,000 people were creditors to the company. Several projects have failed as a result of the current market downturn. Recently, the firm put all crypto trading, deposits, and withdrawals on hold. The company filed for Chapter 11
On Monday, the company suspended operations and stopped client withdrawals. Since June 12, withdrawals totaling $197.7 million have been reported by the firm. The Singapore-based crypto lender Vauld has inked a preliminary term agreement with Nexo today. Due diligence on the proposed purchase would be conducted by Nexo within a
CoinLoan said that the safeguards would only be in place for a short period of time. The previous maximum withdrawal limit was $500,000 a day. Currently, CoinLoan has a daily withdrawal limit of $5,000, a 99 percent drop from its former maximum. An increase in money withdrawals necessitated the company’s
