Bankrupt Crypto Lender Genesis Global Settles NY Fraud Lawsuit
Genesis Global, a bankrupt bitcoin lender, and New York Attorney General Letitia James have agreed with claims that Genesis Global misled customers through its now-canceled Gemini Earn program. Pending approval by a bankruptcy judge, the most recent arrangement seeks to return assets to former Earn customers and other Genesis creditors. James sued Genesis, Digital Currency […]
Report Shows Governance Poses Threat to 75% of Top Tokens
Web3 firm De.Fi report shows that significant governance risks are present in nearly 75% of the top tokens by volume as they do not adhere to best practices to prevent exploits and other security threats. Nearly 75% of the 429 tokens with governance frameworks, according to an analysis by Web3 firm De.Fi, has contract-related risk […]
OSL Completes First Ethereum Tokenized UBS Warrant Transaction
The first tokenized warrant transaction is completed with UBS by OSL, one of the two approved cryptocurrency exchanges in Hong Kong. According to a press release from the company, OSL Digital Securities has completed the first transaction involving the UBS pilot investment-grade tokenized warrant in Hong Kong. The release stated that the pilot included an […]
Solana Outage: What Caused It and How It Was Fixed
Solana, a fast-growing blockchain platform, suffered a five-hour outage earlier this month due to a technical glitch. Solana Labs has released a root cause analysis and a solution to prevent future incidents. Solana, a blockchain platform that claims to offer high speed, low cost, and scalability, faced a major disruption on February 4, 2024. The […]
Hong Kong’s SFC Warns of MEXC Related Suspected Crypto Fraud
Securities and Futures Commission (SFC) of Hong Kong has warned about an alleged scam utilizing cryptocurrency exchange MEXC. The SFC claims that on February 9th, police notified the public about a purported scam involving a company operating under the name MEXC and posing as a virtual asset trading platform (VATP). MEXC and its websites are […]