Sunday, June 16, 2024
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Mango Markets’ exploiter to face trial in April, and Coinflux shuts multichain: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The exploiter behind the $116-million theft of assets from Mango Markets will face trial in April next year after the accused convinced the

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Reddit shuts down blockchain-based Community Points service

Reddit has decided to discontinue its blockchain-based Community Points reward system, citing scalability challenges and regulatory concerns. Reddit recently announced its decision to discontinue its blockchain-based rewards system, Community Points. In an official statement first published on TechCrunch, Reddit cited the challenging regulatory landscape and issues with scalability as primary reasons

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Deposits of Counterfeit APT Tokens Temporarily Shuts Down Aptos Withdrawals on Upbit

During the deposit process of $APT coins on UpBit, there was an oversight in verifying type arguments, causing all transfers to be identified as native APT tokens. Under standard protocols, certain checks should differentiate tokens, but this wasn't the case, user MingMingBBS, co-founder of Tuna_Bot, said to Definalist. Source

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$16.5M Discord crypto trading bot shuts down after exploit

None Trading, a cryptocurrency and NFT trading platform built on Discord, announced its immediate shutdown on Sept. 20 due to a “critical exploit” in its infrastructure that resulted in substantial financial losses, including “team tokens” crucial for business operations. The shutdown announcement revealed that the exploit had put the company in

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Hong Kong Influencer Arrested Over JPEX Links, Exchange Shuts Down

JPEX attributed its liquidity difficulties to regulatory constraints and external market makers, leading to increased withdrawal fees and the suspension of specific services. According to various local media reports, Joseph Lam (Lin Zuo), a former lawyer and cryptocurrency influencer, has been arrested by Hong Kong authorities in connection with the JPEX

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Coinbase takes equity stake in Circle as USDC Centre Consortium shuts down

Coinbase and Circle have redefined their relationship, according to identical announcements on the Coinbaseand Circle blogs on Aug. 21. The two organizations jointly launched the USD Coin (USDC) stablecoin and have until now governed the token through the Centre Consortium.The Centre Consortium “will no longer exist as a stand-alone entity,”

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Crypto exchange Txbit shuts down due to market conditions

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Txbit, a cryptocurrency platform, has announced its closure on September 14, 2023, due to increasing regulatory challenges and market pressures. In an announcement on Monday, Aug. 14, a Netherlands-based cryptocurrency exchange Txbit revealed it is ceasing operations by

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