On Thursday, Genesis, a struggling crypto lending behemoth, filed for bankruptcy protection. With the Stellar Development Foundation identified as one of the top creditors. According to Genesis’s bankruptcy papers, the foundation has a claim for $13 million. It was revealed that the foundation extended a loan of roughly $13 million
Mango Markets hacker Avraham Eisenberg, who had previously claimed responsibility for the scheme, was charged with fraud and market manipulation by the United States Securities and Exchange Commission (SEC) on Monday. The charges stem from his alleged actions on the Solana-based decentralized exchange (DEX) in October 2022. U.S. citizen and
AllianceBlock, which sets up trustless and decentralized infrastructure to create seamless gateways between TradFi and DeFi, today announces a strategic partnership with ARTBANX, the most complete, adaptable, and secure collection management system available to collectors, art professionals, and financial institutions. A significant step toward bridging the gap between Traditional Finance
Genesis Global, a cryptocurrency lender, officially filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York on January 19. The failure of cryptocurrency exchange FTX has resulted in a slew of bankruptcies, the most recent of which being Genesis. It’s also a
Kana Labs, a DeFi platform that enables hassle-free and lucrative crypto lending, borrowing, and earning possible for users, recently made an official statement on its partnership with Shardeum. The prominent DeFi project announced this good news to the DeFi community through its official Twitter account. Kana is proud to announce
According to reports, the authorities of Singapore has extended the amount of time during which Vauld is protected from creditors. The cryptocurrency lender has until the 28th of February to provide a strategy to revive the company. Due to the protracted bear market, Vauld has been one of the cryptocurrency
The CEO of the most widely prominent decentralized platform, Sushiswap, Jared Grey has announced various awaited platform changes as well as a protocol 2023 roadmap. Sushi will become the market-leading DEX, with a focus on the user experience. Sushi’s CEO stated that a decentralized exchange (DEX) aggregator would be released
This weekend, the Lazarus Group was busy redistributing the stolen funds from the Harmony Bridge breach. The cryptocurrency exchanges involving substantial sums of Ether were documented by blockchain detective ‘ZachXBT‘ on January 16. Tornado Cash, an anonymous cryptocurrency service, was the initial source of the crypto funds that were processed
Similar to the withdrawal panic that plagued many exchanges last year. Nexo, a cryptocurrency lender, is experiencing difficulties after Thursday’s raid of its headquarters. Nexo is reportedly being investigated by the attorney general of Bulgaria. And another 300 investigators from different authorities, as was reported on January 12, 2023. Moreover,
In light of its insolvency, cryptocurrency lender Celsius Network’s mining division has published a notice to sell off mining hardware valued at $1.3 million. Celsius said on January 11 that it will be selling 2,687 MicroBT M30S ASIC rigs to investment company Touzi Capital in a petition with the United
