As part of the agreement, debtors will sell roughly $95 million worth of preferred stock back to Mysten Labs in addition to $1 million in SUI tokens.
On Thursday, March 23, debtors of the collapsed crypto exchange FTX filed a motion in the bankruptcy court seeking a $95 million stake in the 95MAgreeDebtorsFTXFundsLabsMystenSaleShoreStake Read More
Ethereum-based lending protocol Euler Finance could be a step closer to recovering funds stolen in a $196 million flash loan attack last week, with private discussions now initiated with the exploiter. In an on-chain message to Euler on March 20, days after sending funds to a red-flagged North Korean address, the EnterEulerExploiterFinanceFundsReturnTalks Read More
Bitcoin funds are bleeding coins even as U.S. bank failures fuel expectations of an early Federal Reserve pivot in favor of liquidity easing. Usually, if the Fed doesn't raise rates aggressively like it has been doing, risky assets like bitcoin benefit, but the opposite is occurring with the bitcoin funds. BitcoinCoinsFundsInvestorsPull Read More
Bitcoin picked up a strong bid near $19,600 late Friday after Silicon Valley Bank, formerly one of the top 20 lenders in the U.S., shut operations. Prices have risen over 25% since then, reaching a nine-month high of $26,501 on Tuesday, CoinDesk data show.
Original Source BitcoinByteTreedataDropsFundsHeldLowestOctoberShows Read More
The hacker responsible for the $196 million attack on Euler Finance has begun moving funds into crypto mixer Tornado Cash, only hours after a $1 million bounty was launched to uncover the hacker’s identity.Blockchain analytics firm PeckShield tweeted on March 16 that the exploiter behind the flash loan attack on chancesCryptoEulerFundsHackerMixerSeeminglySends Read More
Approximately one year prior, on Mar. 14, 2022, cryptocurrency trader GiganticRebirth (GCR) invited the then co-founder of CEO of Terraform Labs, Do Kwon, in a $10 million bet that the price of Terra Luna (LUNC) would be lower than its then price of $92.4 per token one year later. The 11MBetsBitcoincryptoexchangeExchangesFTXFundsHedgeKwonLUNCPaidStuckWantedYear Read More
Decentralized finance (DeFi) lending protocol Euler Finance became a victim of a flash loan attack on March 13, resulting in the biggest hack of crypto in 2023 so far. The lending protocol lost nearly $197 million in the attack and impacted more than 11 other DeFi protocols as well.On March 14, BlocksEulerFinanceFundsModuleRecoveringVulnerableWorking Read More
According to the Form ADV Filing dated May 11, 2022, the BlockTower Blue Signum SPV fund, which had about $4.6 million in gross asset value at the time of the filing, used Silvergate Bank as its sole custodian. The BlockTower DeFi SPV I fund ($74.6 million in gross assets) also BankBlockTowerCapitalExposureFundsSignatureSilvergate Read More
Crypto exchange Gemini had no funds at Signature Bank, and its Gemini US Dollar (GUSD) stablecoin was not backed by any deposits at the failed bank, according to a March 13 official tweet from the company.1/ It’s very sad to hear the news about Signature Bank. They have been incredible BackingBankFundsGeminiGUSDSignature Read More
Coinbase announced that it had about $240 million in corporate funds at Signature Bank, but expects a full recovery of all its funds.
Several crypto firms, including Paxos, have disclosed their level of involvement with Signature Bank after the latter’s closure by the Treasury.
Following an unusual week that saw multiple banks AnnounceBankCaughtClosureCryptoFirmsFundsSignature Read More