Binance held customer funds and token collateral in the same cold wallet. The exchange claimed that the mixing was by mistake and is working on correcting it.
Summary: Genesis filed for bankruptcy protection late on Thursday revealing $3.6 billion owed to the top 50 creditors. Top unsecured claimants included Gemini, Babel Finance, VanEck, and Cumberland among others. Gemini President Cameron Winklevoss once again threatened legal against Genesis’s parent company DCG and CEO Barry Silbert. The Winklevii Founded...
FTX CEO John Ray III has revealed that restarting the FTX exchange is on the table. Sam Bankman-Fried has welcomed the possibility of reviving the exchange.
Founders Fund, the VC firm co-founded by Peter Thiel, cashed out nearly $1.8 billion from an 8-year long bitcoin bet. The sale came a month before the crypto market crashed in May last year.
DCG'S subsidiary Genesis Global Capital is reportedly preparing to file for bankruptcy as soon as this week. This news comes after weeks of speculations regarding the firm's liquidity.
Coinbase Japan is set to shut down as the crypto exchange digs in to survive the bear market and build for the next bull cycle.
Hong Kong-based HashKey Capital has raised $500 million for its third crypto fund. The capital will be deployed to promote blockchain adoption around the world.
Summary: Founding team members also include Co-Founders of troubled exchange CoinFLEX, Mark Lamb, and Sudgu Arumugam. The GTX exchange will allow users to trade claims for defunct crypto companies like BlockFi, Celsius, FTX, and Mt. Gox to name a few. WuBlockchain confirmed the news from Three Arrows Founder Su Zhu...
French Investment Bank Société Générale has minted a loan worth $7 million from MakerDAO, marking an important milestone that bridges TradFi and DeFi.
DCG is reportedly exploring asset sales after Genesis' $3 billion liabilities have come to light.
Summary: The crypto lender’s office in Bulgaria was raided on suspicions of fraud, money laundering, and tax evasion. Local authorities also claimed to have evidence proving that a Nexo user financed terrorism. The company said they’re cooperating with law enforcement and assured users that the uncertain period “too shall pass”....
Avalanche and Amazon Web Services have partnered up to bring Scalable Blockchain Solutions to Enterprises and Governments. AWS now supports Avalanche’s infrastructure and dApp ecosystem.