Bahamas police arrest Sam Bankman-Fried on U.S request
Authorities in The Bahamas have detained Sam Bankman-Fried, the founder and former CEO of the FTX crypto exchange and the founder of the trading business Alameda Research. According to a Dec. 12 statement from the Bahamas Attorney General (AG) and Minister of Legal Affairs, Ryan Pinder, Sam Bankman-Fried was arrested by the Royal Bahamas Police […]
Argo Blockchain Reports Insufficient Funds
According to the mining firm, “inadvertently published materials” led to the suspension of trading of Argo Blockchain. In an effort to avoid declaring bankruptcy, the cryptocurrency mining company Argo Blockchain has revealed that it has been in talks to sell assets and “engage in an equipment financing transaction.” In a Dec. 12 release, Argo Blockchain […]
Industry execs express optimism in DeFi despite security issues
1inch Network co-founder Anton Bukov believes that recent events in the centralized finance space have highlighted the importance of DeFi. Considering that decentralized finance is a hotbed for several hacks and attacks, some people could be put off by or distrustful of the market. However, experts in the crypto industry are optimistic that DeFi will […]
U.S DOJ divided over charging Binance for alleged crypto crimes
Binance has faced compliance warnings from many countries, but it managed to overcome those shortcomings in most nations barring the U.S. The investigation of cryptocurrency exchange Binance by the US Department of Justice (DOJ), which began in 2018, is almost over. According to a Reuters story, US prosecutors disagree over whether the accumulated evidence is […]
Hackers use Mango Markets attacker’s methods to exploit Lodestar
According to a post-mortem analysis provided by CertiK of the $5.8 million Lodestar Finance exploit that occurred on Dec. 10 A post-mortem examination of the $5.8 million Lodestar Finance vulnerability that happened on December 10 has been released by blockchain security firm CertiK: In a similar instance, CertiK said that Lodestar Finance hackers “artificially pumped […]