Dutch FIOD arrests suspected developer of Tornado Cash
The Dutch Fiscal Information and Investigation Service (FIOD) has arrested the developer of Tornado Cash on account of suspected money laundering through the cryptocurrency mixing service. The arrest of a 29-year-old man in Amsterdam was officially announced on Friday by the Fiscal Information and Investigation Service (FIOD), a Dutch organization charged with looking into financial […]
Attackers Hijack Curve Finance DNS, Steal $570K
Decentralized crypto exchange Curve Finance discovered its DNS was being hijacked in another significant security breach in the cryptocurrency world. On the main page, the hackers were able to insert a fraudulent contract that, if accepted by the victim, would entirely empty the user’s wallets. The attackers took more than 570K from user wallets on […]
Meme stock investors file class action lawsuit against Robinhood
Investors from nine different “meme stocks” companies are filing a class-action lawsuit against crypto and stock trading platform Robinhood alleging it artificially increased the supply of stocks. A lawsuit claiming that Robinhood artificially increased the supply of stocks may be pursued by shareholders in GameStop, AMC, and seven other unnamed stocks, according to a report […]
Huobi exchange plans to sell more than half of its stake
According to reports by Bloomberg, Leon Li, the creator of Huobi, is planning to sell about 60% of the exchange’s holding which is estimated to be worth over $3 billion. Bloomberg said that the CEO of Huobi spoke with financiers several times. About 60% of the Shares are up for sale. The founder of Tron, […]
Founder: MakerDAO should consider removing DAI from USD
MakerDAO founder Rune Christensen wants to transfer DAI’s collateralization away from USDC in light of the current Tornado Cash and frozen USDC addresses scandal. The decentralized autonomous organization’s (DAO) members have been advised by MakerDAO founder Rune Chirstensen to “seriously consider” planning for the depeg of its DAI stablecoin from the US dollar (USD). The […]