Crypto Theft Rose in 2022 as Scams, Ransomware Bounty Fell: Chainalysis
2022 became a year of crypto thefts, but illicit transactions still account only for a meager share of all crypto activity, Chainalysis says.
Read MoreSony Teams Up With Astar Network for Web3 Incubation Program
Sony Network Communications hopes the program will explore “how blockchain technology can solve various problems in their industry.”
Read MoreFirst Mover Asia: Crypto Momentum Falters as Bitcoin Retreats to $23.6K
ALSO: Sam Reynolds considers a rising trend of crypto startups postponing their token launches, part of the fallout from the collapse of crypto exchange FTX and its trading arm Alameda
Read MoreBankman-Fried Remains Out on Bond, but Judge Warns ‘Revocation’ Proceedings Possible in Future
Sam Bankman-Fried remains out on bail, but the New York judge overseeing his criminal fraud case said that could change if the former FTX CEO continues to defy the bail
Read MoreUSP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M Attack
The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain security firm CertiK.
Read MoreSEC Sues Terraform Labs, Do Kwon for Misleading Investors on TerraUSD Stablecoin
The collapse of TerraUSD last year led to wave of bankruptcies in the crypto industry.
Read MoreBankman-Fried $250M Bond Is a ‘Joke,’ Claims Securities Lawyer
“MetaLawMan” James Murphy says that in 30 years of experience he has “never seen anything this lenient in a situation” where someone has lost millions of dollars of users’ money.
Read MoreCFTC Charges California Firm and CEO With Fraud, Misappropriation of Digital Assets
The commission alleges the defendants fraudulently solicited over $7 million worth of bitcoin and ether and misappropriated a portion of the funds in a Ponzi-like scheme.
Read MoreCompute North’s Reorganization Plan Approved by Bankruptcy Judge
The hosting firm, one of North America’s largest, settled $250 million in secured debt and settled with about 11 companies.
Read MoreCoinbase Downgraded to Neutral at DA Davidson Ahead of Earnings
D.A. Davidson analyst Chris Brendler downgraded Coinbase (COIN) to neutral from buy after a more than doubling in the stock in 2023 sent the price surging past his $55 price
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