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Crypto ISAC Launches to Bolster Web3 Security

Crypto ISAC Launches to Bolster Web3 Security

Crypto giants have united to share knowledge to address security issues in the decentralized ecosystem.  According to a news release, an information sharing and analysis center (ISAC) for cryptocurrency has been established by over 14 businesses, including the Solana Foundation, Fireblocks, Consensys, Coinbase, Circle, and others. Among the original members of the ISAC are Aleo, […]

Hidden Road Halts Client’s Access to ByBit Exchange

Hidden Road Halts Client's Access to ByBit Exchange

Hidden Road, a brokerage firm sponsored by Citadel, has formally restricted its clients’ access to the ByBit exchange, citing KYC verification policies and AML regulations. As reported by Bloomberg, a divergence in Know Your Customer (KYC) verification protocols and Anti-Money Laundering (AML) regulations between Hidden Road and ByBit led to the restriction on services. ByBit […]

Gemini to Reimburse Earn Customers $2.18 Billion

Gemini to Reimburse Earn Customers $2.18 Billion

Following the FTX and Genesis scandals, Gemini Earn users will receive three times the value of the funds held in the lending product.  Gemini, a cryptocurrency exchange, revealed on Wednesday that it will be returning $2.18 billion in cryptocurrency to creditors. Earn users previously in bankruptcy limbo have recovered 232% of their costs through the […]

Alex Labs Reveals Recovery Plan Post-exploit

Alex Labs Reveals Recovery Plan Post-exploit

Following a $4.3M exploit, Alex Labs has revealed a recovery plan to enhance security measures and rebuild community trust. After a recent security compromise, Alex Labs, a Bitcoin layer-2 (L2) developer, unveiled its strategic plan to reinstate community confidence and resume platform operations. The re-opening of pools and the implementation of the migration process for […]