On-chain sleuth ZachXBT warned that the Magnate Finance team could disappear with $6.4 million in total value locked (TVL). The team scrubbed their digital presence a few hours later in an apparent rug pull, Peckshield reported. Zach noted that MagnateFi is linked to Solfire’s $4.8 million exit scam, another rug...
PEPE has tanked more than 16% after the threshold of keys for its multisig wallet was reduced to 2/8, followed by outflow of PEPE tokens worth over $15 million to multiple centralized exchanges.
Fintech giant Mastercard has announced that it will end its co-branded crypto debit card partnership with Binance in the Middle East and Latin America.
BitMEX founder Arthur Hayes believes that Bitcoin ETFs from TradFi giants like BlackRock, Fidelity, Vanguard etc. would harm decentralization in the crypto industry.
Tornado Cash founders Roman Storm and Roman Semenov were charged with money laundering and sanctions violations. U.S. Attorney Damien Williams said developers knew their technology was used to launder at least $1 billion in illicit profits. The Treasury Department’s Office of Foreign Asset Control (OFAC) sanctioned Tornado Cash last over...
Bankrupt crypto lender BlockFi has stated that it will block attempts by FTX and Three Arrows Capital to claw back billions of dollars exchanges last year.
