A hacker was able to manipulate the price of the AllianceBlock token on BonqDAO, which allowed him to drain close to $90 million worth of crypto from the protocol.
Both platforms have paused their services, and are currently in the process of removing liquidity as to hinder the hacker’s ability to convert the stolen tokens.
Silvergate noted that a “transformational shift” in the crypto space left it with a $1.05 billion net loss for Q4 2022, and a $4,7 billion reduction in deposits compared to Q3.
The company is now taking action to prepare for a “sustained period of lower deposits”, such as managing its expense base and evaluating its portfolio.
The former CEO of Celsius, Alex Mashinsky, is being sued in New York for defrauding investors by making false and misleading statements about the condition of his company.
The lawsuit aims to ban Mashinsky from doing business in New York in the future, as well as have him pay damages, restitution, and disgorgement for affected Celsius investors.
January 5, 2023, 7:44 PM
Alex Mashinsky, founder and CEO of Celsius, speaking at CoinDesk’s Consensus conference, September, 2019. CoinDesk
Judge Martin Glenn has ruled that Celsius’ terms of service made it clear it took possession of the assets held in its Earn accounts, which are worth over $4 billion.
The federal judge also decided to approve Celsius request to sale $18 million worth of stablecoins to fund its administrative costs.
The new partnership with Moonpay allows Uniswap users to purchase crypto using debit and credit cards, as well as bank transfers, directly on the popular DEX.
The platform will initially support purchases of DAI, ETH, USDC, USDT, wBTC, and wETH on the Ethereum, Polygon, Optimism, and Arbitrum networks.
Binance.US mobile app users will now be able to instantly transact with almost 150 cryptocurrencies with zero gas or transaction fees, while the web version will come in the “near future”.
The “Pay” feature was first introduced in February 2021, but was available only to users of Binance’s global exchange, and was one of the most requested features in the U.S. since.
The former CEO of now bankrupt crypto exchange FTX was arrested in the Bahamas on Monday at the request of the U.S. government, which has filed criminal charges against SBF.
Although the indictment documents remain sealed, sources have said that the charges include wire fraud, securities fraud, money laundering, and related conspiracy charges.
Sam Bankman-Fried, former CEO of FTX, speaking at the Binance Blockchain Week, Singapore, 19 January, 2019. Binance
Seoul’s Southern District Prosecutor’s office has confirmed that Do Kwon had moved to Serbia after his visit to Dubai in October.
The Asian country’s Ministry of Finance is reportedly “in the process of requesting cooperation” from the Serbian government in its investigation into Do Kwon.