Britannia Financial Reportedly Faces Lawsuit Over $1B Deposit
Britannia Financial, Tether’s Bank Partner, is being sued on suspicion that it neglected to remit the complete value of revenue-generating assets purportedly associated with a $1 billion deposit from Tether. Arbitral International, a British Virgin Islands-based company, has filed suit against Britannia regarding a $1 billion deposit from Tether, according to court documents filed with […]
BBVA Boosts Its Crypto Services with Metaco’s Harmonize Platform
BBVA Switzerland has announced a major expansion of its partnership with Metaco, a Ripple-owned company that provides digital asset custody and tokenization solutions. BBVA will migrate its crypto operations to Metaco’s Harmonize platform, which offers speed, efficiency, and top-tier governance. The Swiss private banking arm of the Spanish banking giant BBVA has taken a significant […]
$3.9B USDT Transfer on Binance Draws Community Attention
Social media users within the cryptocurrency community have shifted their attention to a $3.9 billion Tether transaction between Binance wallets after reports indicating that the US Department of Justice (DOJ) is negotiating a $4 billion settlement with the company. The Justice Department is reportedly negotiating with cryptocurrency exchange Binance over a $4 billion sanction agreement, […]
X vs Media Matters: Texas AG Investigates Fraud Allegations
X, the social media platform formerly known as Twitter, owned by Elon Musk, is facing a legal battle with Media Matters, a liberal media watchdog group, over allegations of running ads next to anti-semitic content. The Texas Attorney General has announced an investigation into Media Matters for possible fraud and deception. This article summarizes the […]
Fantom Foundation Awards Researcher $1.7M in Bounty After Hack
Following the Fantom hack in October, a security researcher revealed as much as $170 million could have been lost, in recognition of the researcher’s contribution, the organization awarded him $1.7 million as bounty. Following an October breach that cost the Fantom Foundation $550,000, the Fantom Foundation, a non-profit organization that develops the Fantom blockchain platform, […]