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
In a recent filing, Celsius Network said that its app will be discontinued. Celsius, which debuted in 2017, has been mired in financial and legal disputes as of late. Despite these difficulties, the corporation is beginning to see the light as it prepares to become a new organization known as
According to Etherscan, on August 11th, insolvent crypto lender Voyager Digital sent 1,500 Ether to the crypto exchange Coinbase. This transaction was valued at around $2.77 million. Moreover, around 250B SHIB were also sent to the exchange. Many in the cryptocurrency world are wondering what the transactions might possibly mean.
