South Korean VC firm Hashed lost more than $3 billion in LUNA collapse
Hashed CEO Simon Seojoon Kim confirmed to Bloomberg that the firm lost over $3 billion from investing in LUNA.
Read bear market crypto news and analysis, including downturn signals, investor sentiment, capitulation events, and recovery outlooks.
Zipmex said that it is working to recover funds from Babel Finance and has signed a MOU with two investors to fully re-enable withdrawals.
The league received the promised cash payout but the crypto promised to players were never paid, although player salaries remain unaffected.
The court has asked Vauld to share cash flow and management of accounts details with creditors within two and eight weeks respectively.
Smaller holders are not only participating in but are also contributing to the rapid growth of the Bitcoin network, but whales still hold 4x more BTC.
Chaopeng Zao said the crypto market is much healthier in the current winter conditions because only the believers remained in the market.
Zipmex exchange at the brink of a collapse turns to the Singapore High court for bankruptcy protection as it looks to raise more funds to continue operation.