DeFi Sybil attack created $7.5B fake TVL on Solana from ‘anon’ developers
How did two brothers from Texas create $7.5 billion worth of fake TVL on Solana and what is the wider implication for Sybil resistance in a decentralized, open-source ecosystem?
Solana hot wallets reportedly being drained to unknown address “Htp9MGP” – totaling over $6M
Uncertainty is creating true fear, uncertainty, and doubt in real terms for wallet owners on the Solana blockchain at present.
What will the FED decide today? Last chance for interest rate hikes before 2 month hiatus
The crypto market is undecided on how it will react to another FED rate hike today. Expectation of a 75 basis point increase may be priced in but will the FOMC meeting lead to a record setting 100 basis point increase?
$248M stablecoins flow out of Coinbase as community refutes exchange liquidity issues
Rumors of Coinbase having a liquidity crisis have been refuting by the community as outflows vary in a nervous crypto market.
Celsius bankruptcy filing shows its biggest creditor has ties to Alameda Research
Pharos, listed as Celsius's biggest creditor with an $81 million claim, is an opaque company with close ties to Alameda Research.
European Central Bank hints at PoW-based crypto ban by 2025
The E.U.'s commitment to fighting climate change puts it on a collision course with PoW tokens.
FatMan Terra reveals inner workings of alleged DOCK pump and dump scheme
FatMan Terra said his friend was not part of DOCK’s team but paid for a BitBoy Crypto shilling video and billboard advertisements to pump the coin.
Will release of $3B Bitcoin from Mt Gox cause market bottom in August?
137,000 BTC may soon hit the market as Mt Gox is set to release funds to creditors that has been locked up for 7 years. How may this affect the price of Bitcoin and will it cause a further leg down?
Jeremy Allaire refutes allegations Circle is on the brink of insolvency
Circle CEO Jeremy Allaire refuted claims that the company is struggling and said Circle is in the "strongest position it has ever been in financially."
Celsius Network takes affirmative action to stave off bankruptcy
The troubled lending and borrowing platform has laid off workers and made a significant loan repayment in recent days.
Nexo claims “smear campaign” ignores its attempts to aid insolvent companies
Nexo has raised its insurance to $775 milliln and is negotiating with potentially insolvent crypto companies to help provide liquidity amid "smear campaign."
Biden administration official hints at stablecoin legislation that could come into force this year
According to the official, the President's Working Group on Financial Markets are actively exploring the space and looking to have the law come into force by the end of this year
BlockFi CEO denies CNBC’s claims that the company is being sold for $25 million
Zac Prince, CEO of BlockFi has denied claims by CNBC that the company is being sold for $25 million, 99% below its last valuation.
North Korea’s ‘illicit’ crypto holdings heavily impacted by market crash
Chainalysis says North Korea’s unlaundered crypto holdings have dropped to $65 million due to the recent crypto market crash.
CoinFLEX CEO claims “Bitcoin Jesus” defaulted on debt – owes $47M USDC
CoinFLEX CEO Mark Lamb said the exchange has filed a notice of default to Roger Ver, an investor and shareholder in the company. Roger Ver has denied the allegations
Rumors circulate that Celsius CEO Alex Mashinsky attempted to flee the U.S.
Twitter is awash with reports Mashinsky was stopped from leaving the U.S. However, at this stage, there are no confirmed reports of this happening.
Bitcoin mining company Compass Mining loses facility for not paying electricity bill
Bitcoin mining company Compass Mining loses Maine facility for not paying electricity bill to building owner