Crypto Industry News

Su Zhu, co-founder of the troubled hedge fund Three Arrows Capital, leveled accusations against Digital Currency Group, pointing to its conspiracy with FTX in the collapse of Terra LUNA, which led to the bankruptcies of 3AC and Babel. Su Zhu was responding primarily to the spreading accusations against Digital Currency Group (DCG), led by Gemini […]

BlockFi’s bankruptcy judge may decide to transfer $430 million worth of Robinhood shares to a neutral broker or escrow account for the duration of the proceedings. During a court hearing this Wednesday, Michael Kaplan agreed to review BlockFi’s request to move 56 million Robinhood market shares worth $430 million to a neutral broker, which are […]

After a month of inactivity, the bankrupt sister company of FTX, Alameda Research, was caught transferring $1.7 million worth of assets through multiple crypto mixers. Data from the crypto intelligence agency Arkham shows that in the 24 hours between December 27th and 28th, 30 Alameda wallets started swapping ETH/USDT and sending it to crypto-mixing services. […]

Custodial investment firm Midas has announced the closure of its platform due to the $63.3 million balance sheet hole created by the collapses of Celsius and FTX. Iakov Trevor, the CEO of Midas Investment, the platform that previously enabled users to deposit funds and invest in various decentralized finance projects, said in a blog post […]

Martin Shkreli, also known as Pharma Bro, commented on Sam Bankman-Fried’s survival in federal prison. He previously emphasized that SBF got lucky with the judge to get the bail deal. Pharma Bro, a former CEO of Turing Pharmaceuticals, was sentenced to 7 years in prison for committing fraud by selling AIDS’s Daraprim tablets for $750 […]

According to a Forbes report, the top crypto investors and founders lost about $116 billion in total assets from March to December this year. The entire industry suffered significant losses this year with the collapse of Terra’s stablecoin LUNA, followed by bankrupt hedge fund Three Arrow Capital, brokerage firm Voyager Digital, crypto lenders Celsius and […]

The crypto exchange Binance has prepared answers to all the latest media FUD in its blog. Let’s review the points together and see if the exchange has answered all the questions. The blog post starts with “After the stress test, we will win the trust of more users.” Recall the stress test in question: The […]

Four accounting giants, Deloitte, Ernst & Young, KPMG, and PricewaterhouseCoopers, are unwilling to audit Binance, despite one of them still working extensively with Coinbase. The largest crypto exchange Binance is looking for another auditor for its proof-of-reserves after mixed public reaction to an audit conducted by Mazars. In simple words, after the publication, both Binance […]

Bankrupt crypto exchange FTX has asked the bankruptcy court to sell FTX Japan, FTX Europe, LedgerX, and Embed to save the companies from legal troubles. In the upcoming hearing on January 11, FTX’s lawyers will prove to the U.S. Bankruptcy Court in Delaware that the four companies are solvent and ready for sale. If the […]

Opera Crypto Browser has announced the launch of Web3 Guard, which enables using Web3 applications in a more secure way. With a new set of tools, Opera continues to work on providing the most secure application suitable for beginners and advanced crypto enthusiasts. The update mainly addresses improved security for users when interacting with dApps, […]