Solana-based decentralized finance protocol Nirvana Finance was exploited in a flash loan attack for US$3.49 million on July 28, the firm announced in a Twitter post, causing its tokens to topple by more than 80%. See related article: C.R.E.A.M. Finance suffers $28M flash loan hack Fast facts Using flash loans on lending protocol Solend, the…
Digital assets company Komainu has received a provisional license from the Dubai Virtual Assets Regulatory Authority (VARA) to offer cryptocurrency products and services to institutional clients in Dubai, CoinDesk said in a report. See related article: Dubai could be crypto’s promised land, Citi says Fast facts Komainu is the latest to receive approval from Dubai…
U.S. banking regulators have ordered crypto lender Voyager Digital to stop making “false and misleading” claims that its customer’s funds were insured by the government. See related article: Three Arrows, Voyager failures raise questions of who is next in crypto fall from grace Fast facts The Federal Reserve and the Federal Deposit Insurance Corp (FDIC)…
Terraform Labs and affiliates allegedly ramped up the numbers of its decentralized finance (DeFi) service Anchor Protocol by investing their own capital, a claim that South Korean prosecutors are currently looking into, state broadcaster KBS reported. See related article: S.Korea slaps ‘notification upon arrival’ on Terra’s Do Kwon Fast facts The local media outlet claims…
Zipmex is seeking protection from potential claims or adverse actions for six months, citing “all efforts to focus on resolving the liquidity situation,” according to an announcement by the crypto exchange. See related article: Zipmex targets raising US$50 mln to cover exposure to embattled crypto lenders Fast facts See related article: Babel Finance says liquidity…
Chinese crypto mining rig maker Canaan is ramping up its mining business and will soon start self- or joint-mining operations in the U.S., Edward Lu, a senior vice president of Canaan, told Forkast in an interview on Thursday. See related article: Bitcoin rig maker Canaan reports over US$200 mln in Q1 revenue Fast facts “Today…
The crypto market continued its tear overnight Thursday in Asia with Bitcoin and Ethereum trading up 4% and 6%, respectively, in the 24 hours before business hours on Friday. See related article: Crypto, traditional markets see bump as Fed raises rates Fast facts Bitcoin was changing hands at its highest point in over a week…
Harmony Protocol announced on Wednesday a reimbursement plan for wallets affected by the US$100 million hack on its Horizon cross-chain bridge last month, which was met by mostly negative feedback. See related article: North Korea said to be responsible for Harmony Horizon hack Fast facts The reimbursement will be with Harmony’s ONE cryptocurrency, distributed monthly…
Just two days after its initial plan failed to pass a community vote, staking giant Lido Finance submitted a new proposal on Monday for the sale of 10 million Lido DAO (LDO) tokens, about 2% of its total supply, to Dragonfly Capital. See related article: Fireblocks provides institutional investors access to Terra DeFi Fast facts…
A U.S. federal district court dismissed the U.S. Securities and Exchange Commission’s motion to revoke the “amici curiae” or “friends of the court” status granted to XRP holders in an order on Tuesday. See related article: SEC wins time to resist crucial document handover to Ripple in XRP lawsuit Fast facts In a letter to…