Gala Games Hacker Returns $22M in Ether from Attack
Gala Games has been reimbursed approximately $22 million in Ether by the hacker accountable for minting $200 million worth of GALA tokens on May 20. The incident involved issuing and selling a fraction of the $200 million worth of Gala GALA tokens before the wallet was blocked. Nearly the market value of the 600 million […]
Coinbase, Meta, Others Announce New Anti-Scam Coalition
Coinbase, in collaboration with Match Group, Meta, Kraken, Ripple, Gemini, and GASO, forms the Tech Against Scams coalition. Coinbase, a cryptocurrency exchange, announced on Tuesday that it has formed the Tech Against Scams coalition alongside industry heavyweights such as Match Group, Meta, Kraken, Ripple, Gemini, and GASO. In order to safeguard customers and dismantle con […]
Uniswap Labs Replies to SEC Wells Notice
In response to the SEC’s Wells Notice, Uniswap has urged the commission to stay within its constitutional bounds and take lessons from previous rulings. Uniswap, a decentralized exchange, has argued against the U.S. Securities and Exchange Commission’s legal explanation and definition of some DeFi instruments and has called on the agency to reconsider its claims […]
US House to Vote on FIT21 Act to Clarify US Crypto Regulations
The Financial Innovation and Technology for the 21st Century Act (HR 4763), or FIT21, is scheduled for a vote in the U.S. In order to establish a clear regulatory framework for digital assets, this measure aims to define the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), thereby […]