Monday, June 9, 2025
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Ruler and Cover DeFi protocol closes down amid mass developer exit

In a candid open letter, the lead contributor of Cover and Ruler Protocol, “DeFi Ted,” announced the protocol will close its virtual doors in the near future, citing a mass developer exit as the primary reason for the project’s conclusion.Launched earlier this year, the Ethereum-based decentralized finance (DeFi) insurance marketplace

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Ukraine’s Security Service Closes Illegal Cryptocurrency Exchanges

Ukrainian authorities have allegedly reported that cryptocurrency exchanges are involved in illicit financial activities, including money laundering. Ukraine’s Security Service, known as SBU, has closed down various crypto exchanges reported to have transacted illegally since early 2021. The SBU, in a Wednesday statement, referred to cryptocurrency exchanges as the network of ‘clandestine’-

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