Re-Entrancy Exploit Hits NFT Platform OMNI, Losing $1.4M in ETH
The NFT company, OMNI has temporarily paused all of its services and informed users that no consumer monies were stolen. A re-entrancy attack caused OMNI, an NFT financial company that lends out cryptocurrencies in exchange for staked NFTs, to lose roughly 1,300 ETH, which was worth $1.4 million at the time. Bad Debts from Poor […]
Man City signs sponsorship deal with OKX despite market instability
By scanning the QR codes on street art that the cryptocurrency exchange has commissioned, Manchester City supporters will also have the opportunity to win season tickets in the OKX Hospitality Box. The English Premier League (EPL) champions Manchester City have announced that cryptocurrency exchange OKX has agreed to sponsor the team’s practice uniform for the […]
Celsius Changes Legal Team, Pays Off $20 Million Part of Aave Debt
Celsius is still paying off its debts to decentralized finance (DeFi) lending protocols. It just sent 20 million USDC to Aave to settle its debt to them. Celsius has hired Kirkland & Ellis LLP lawyers to advise on its restructuring alternatives – the same company that supported Voyager Digital with its bankruptcy filing last week. […]
Terra Projects Agglomerates To Migrate To Polygon Ecosystem
Projects that used to run on the defunct Terra blockchain are helping each other move to the Polygon layer-two network. More than 48 different crypto projects that were previously centered on the bankrupt Terra environment have found new life by switching to Polygon. In a July 9 tweet , Polygon Studios CEO Ryan Wyatt expressed […]
CoinFLEX Sets To Begin Arbitration For $84 Million Recovery
Due to an unknown whale’s delinquent account, CoinFLEX has lost $84 million in liquidity. CoinFLEX is striving fast to recover as much liquidity as possible. CoinFLEX, a cryptocurrency investment platform, is proceeding with its plan to collect $84 million in money by initiating arbitration proceedings in Hong Kong against an individual account holder. Sudhu Arumugam […]