Cryptocurrency Analysis and News Portal
Zhu Su and Kyle Davies, the founders of bankrupt hedge fund Three Arrows Capital, last month teamed with the co-founders of troubled crypto exchange CoinFLEX to create Open Exchange, calling it the "world's first public market place for crypto claims trading and derivatives." Source
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Airbit Club was a global scam in which promoters hosted “lavish expos” and community presentations throughout the U.S., Asia, Latin America and Eastern Europe, and convinced victims to invest in “memberships” that purported to yield returns generated through bitcoin mining and trading. Victims could view their “balances” on an online
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During the past 30 days, the total value locked (TVL) in Lido Finance’s liquid staking protocol increased by 10.57%, with 7.56% of the increase occurring within the last seven days. The protocol’s dominance in decentralized finance (defi) has also increased, with its TVL accounting for 19.08% of the $49.66 billion
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The founders of the troubled cryptocurrency lender Hodlnaut are trying to save the business despite creditors insisting on its liquidation.On Feb. 28, Hodlnaut’s interim judicial managers released the sixth affidavit of Hodlnaut co-founder Simon Lee reportedly stating the company’s founders proposed selling the business as a better option for creditors
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The Fund currently supports more than 100 startups with its investments. Blockchain Founders Fund (BFF), a Singapore-based venture capital fund that invests in top-tier blockchain startups worldwide, recently generated $75 million in its recently-closed Fund II. The VC fund announced the final close of its Fund II on February 27,
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Blockchain Founders Fund, a venture capital fund supporting the adoption of Web3 and blockchain technology, has announced the close of a $75 million fundraising round from companies such as Polygon, Ripple, Octava, NEO Global Capital, Appworks, GSR, LD Capital, Metavest Capital and others, such as Sebastien Borget, chief operating officer of
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Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly decentralized finance (defi) platform Forsage. Forsage Founders Charged With
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The founders behind the alleged $340 million “global Ponzi” scheme Forsage have been indicted by a federal grand jury in the District of Oregon.The four Russian founders — Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and Sergey Maslakov — have been formally accused of having key roles in the scheme which raised
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Forsage Founders Indicted for $340M Ponzi Scheme Masquerading as DeFi Platform Source
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Noting a $20 billion market of claimants "desperately searching" for resolution to money lost at bankrupt crypto firms like FTX, Voyager, Celsius, Genesis, BlockFi, Mt. Gox and 3AC, Open Exchange promises the ability to monetize claims by providing a marketplace for their trading. Source
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