Crypto Industry News

According to Bloomberg, South Korean authorities have issued a warrant for the arrest of Do Kwon, the CEO of TerraForm Labs. In May this year, Terra’s stablecoin UST and its sister coin LUNA crashed, losing $40 billion of investors’ money. One major consequence of this crash is the impact it had on bringing crypto winter […]

What was supposed to be the most expensive deal in the crypto industry has in the meantime transformed into something ugly. Last month, Galaxy Digital, a crypto investment firm, pulled out of its $1.2 billion acquisition of the crypto custodian BitGo. Now, BitGo is pressing charges against its would-be buyer. Galaxy Digital terminated the acquisition […]

Stars of the UK’s reality show Love Island, Jessica and Eve Gale, have received a warning from the national Advertising Standards Authority (ASA). The twins, who are also social media influencers, have promoted crypto on their Instagram accounts in an irresponsible way. First, in June, Jessica Gale presented crypto as being a rather undemanding and […]

Australian Federal Police now has a specialized unit whose goal is to track and seize crypto linked to illicit activity. The unit is part of the broader Australian Criminal Assets Confiscation Taskforce (CACT). According to CACT’s representative, the formation of this team was necessary following the increasing involvement of crypto in criminal activities. Its members […]

Binance seems determined to become the hero of the crypto industry. In an independent investigation, the world’s largest crypto exchange in terms of trading volume has identified two suspects who are allegedly responsible for the KyberSwap attack. Last week, KyberSwap suffered a front-end exploit, losing $265,000 to the attackers. The decentralized exchange then unsuccessfully offered […]

Michael Saylor and MicroStrategy are facing a lawsuit in Washington, DC. The cloud computing software firm and its founder are charged with tax fraud. Allegedly, Saylor reported that he was living in Florida, a state that has eliminated income taxes, while actually residing in DC between 2014 and 2020. In addition, MicroStrategy is accused of […]

Indian authorities continue the battle against crime in the crypto industry. After going after India’s largest crypto exchange, WazirX, the Enforcement Directorate (ED) is now investigating another large Indian crypto exchange – CoinSwitch Kuber. According to an unnamed spokesperson who spoke to Reuters, ED has accused CoinSwitch of violating the country’s forex laws. Because of […]

According to Charles Hoskinson, founder of the Cardano blockchain, its Vasil hard fork is set to finally launch sometime in September. Cardano is a proof-of-stake network with support for NFTs and smart contracts. According to CoinMarketCap, its token ADA is the eighth biggest coin by market capitalization. After the hard fork – a major software […]

Last week, the YouTuber, Ben Armstrong (a.k.a BitBoy Crypto), filed a lawsuit against another popular YouTuber, Erling Menghsoel Jr. (a.k.a. Atozy), accusing him of defamation. Now, BitBoy is dropping charges. To remind the readers, Atozy has condemned BitBoy’s paid promotion of certain crypto products and services, that have tanked after his praises. BitBoy has a […]

After being sued by the DeFi aggregator KeyFi, Celsius has now responded with a countersuit. The crypto lending company alleges that KeyFi stole millions of dollars from Celsius wallets. According to Celsius’ suit, KeyFi used the stolen money to acquire NFTs and interests in numerous firms related to blockchain. In order to cover the trace […]