The co-founder is said to have filed a $5 million lawsuit. The fund’s investment manager, ThreeAC Limited, has also made a $25 million claim. Starting with 3AC, Voyager, and Celsius, several companies went bankrupt during this crypto bear market’s decline. In contrast to the other platforms, 3AC has been accused
The Terra crash has affected 3AC, pushing the liquidation limit. Bankman said that he has a few more billions to help the firms. Sam Bankman Fried, CEO of the largest crypto exchange platform FTX, said that he has spent $2 billion to savor many struggling companies. And he also stated
Despite the pessimism of impending crypto winter, DappRadar, the world’s largest dapp store, has released its Q2 Dapp Industry Report, highlighting the positive impact of NFTs and GameFi on the future of dapps. The report sheds insight on how the dapp market has taken the burden of the current financial
CoinShares is the first platform licenced with AIFM On July 4 nearly $200 million was pulled from the Vauld platform CoinShares, the European largest digital asset investment platform July 4, Monday, announced that they have acquired Napoleon assets management with approval from Autorité des Marchés Financiers (AMF), and it is
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
DeFi on Bitcoin has a promising future, regardless of whether one uses Rootstock, Stacks, DeFiChain, Portal, or any other solution. More and more apps, products, and services may be created by programmers every day. In the cryptocurrency market, Bitcoin is still the most popular choice for both retail and institutional
The coin has bounced back recently and is up 8.91% in the last 24 hours. Rumours started circulating on Crypto Twitter that KuCoin was about to fall. Over the past seven days, the price of KuCoin Token (KCS), the cryptocurrency exchange’s native token, has plummeted due to insolvency rumors. As
SBF confirmed that FTX is not open to acquire crypto mining firms. Earlier, FTX had provided more than $240 million credit line to BlockFi. Sam Bankman-Fried (SBF), the founder of cryptocurrency exchange FTX, declined the latest rumor surrounding the company. On Saturday, SBF cleared the speculation through a tweet that
BlockFi received a $250 million line of credit from FTX. Massive leverage is the root of many problems afflicting the crypto community. The current bear market and the aftermath of Terra LUNA and UST last month have significantly impacted the crypto industry. The demise of Terra set off a chain
OpenSea issued a warning that hackers may attempt to email customers. In February, OpenSea suffered a massive hack of NFTs. A third party stole the collection of email addresses related to OpenSea customers via Customer.io, a platform for managing email newsletters and campaigns. Opensea is the world’s most prominent NFT
