Midas investment shuts down due to $63M DeFi portfolio deficit
Midas investment a custody-based CeDeFi platform will cease operations due to a $63.3M loss in its decentralized finance (DeFi) portfolio, as users withdrew more than 60% of their assets under management due to the crypto market decline. Iakov Levin, popularly known as “Trevor,” the company’s founder and CEO, said in a statement that the decision […]
Customers file class-action lawsuit against FTX
A class action lawsuit filed by four people made an attempt to get their money back before the government agencies lined up to suit the FTX and its founder Sam Bankman-Fried. In the United States Bankruptcy Court for the District of Delaware, the complaint was submitted on December 27. There might be up to 1 […]
Argo Blockchain sells Helios mining facility to Galaxy Digital
Cryptocurrency mining company Argo Blockchain has sold its Helios mining facility to Galaxy Digital in a $65M deal, this has helped Argo to reduce its total debt by $41M. On December 28, Argo Blockchain CEO Peter Wall formally announced an agreement to sell the Helios facility for $65 million to Mike Novogratz’s cryptocurrency investment company […]