FTX Exploiter Executes Ongoing Funds Exodus, Moves $17 Million In ETH In One Day
According to an on-chain report on Saturday, September 30, an address associated with the FTX exploiter became active for the first time
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Funds
Gemini Withdrew $282M Worth of Earn Users’ Funds before Genesis Collapse
Gemini said that the recent report from New York Post is quite misleading and “pure fantasy”. The exchange added that all the funds belonged to its Earn users. In August of the previous year, cryptocurrency exchange Gemini transferred $282 million from its Earn users’ funds to its liquidity reserve, as stated
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Gemini Pulled $282M Earn Users’ Funds From Genesis Last Year to Protect Customers
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Justin Sun Accused Of $2.4B Shortfall In User Funds
HTX (formerly known as Huobi), one of the leading cryptocurrency exchanges, has been embroiled in a new controversy as Justin Sun, Tron’s
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CZ appoints Binance security team to track Huobi HTX stolen funds
Hours after the crypto exchange HTX (rebranded from Huobi) reported a hack that resulted in a loss of $8 million, Changpeng ‘CZ’ Zhao offered the help of the Binance security team in investigating the attack. Timely intervention is key to tracking down and retrieving stolen cryptocurrencies as hackers attempt to hide
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From Banks To Hedge Funds
With anticipation around Bitcoin ETFs from giants like BlackRock, Fidelity, and Invesco, and an expected halving in April 2024, forecasts for Bitcoin’s
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Justin Sun Admits $8M HTX Hack, Offers 5% for Return of Stolen Funds’
According to Sun, all customer funds are safe as the ETH stolen via the hack is only two weeks’ worth of the average HTX revenue. Justin Sun has announced on X (formerly Twitter) that crypto exchange HTX (formerly Huobi) suffered a hack in which the hackers made away with 5,000 Ether (ETH), worth
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Celsius Creditors Approve Reorganization Plan, Which May Return Up to 85% Funds
The overwhelming vote marks another step towards the end of Celsius' bankruptcy and the return of funds to customers. Celsius filed for bankruptcy in July last year as the crypto winter set in and its Chief Executive Officer Alex Mashinsky resigned as CEO in September 2022. In July 2023, Mashinsky
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Bidding war for SVB Capital, new crypto funds and Citi’s private blockchain
The venture capital industry appears to be gearing up for portfolio rebalancing in 2024, with investors positioning themselves to increase exposure to digital assets in the next bull market. Blockchain Capital, for instance, closed two new funds this week, with $580 million in capital to be deployed in crypto gaming
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Fuji Finance is sunsetting operations due to dwindling funds
Decentralized finance cross-chain money market aggregator Fuji Finance said the protocol was unable to find the market for its product, while also experiencing limited finance. In a recent Medium blog post, the company said that it failed to find “product-market fit,” a situation which was made more difficult amid the current
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