South Korean Bank Staff Embezzles $7.5m to Invest in Crypto
Woori Bank employee in South Korea revealed to police that she stole $7.3 million to finance his cryptocurrency ventures, most of which failed. Local news sources claim that on June 10, the unidentified employee went to the West Gimhae Police Station in South Gyeongsang Province to disclose the scope of their offenses. According to investigators, […]
Binance CEO on Live AMA as Platform Reaches 200M Users
Binance CEO Richard Teng discusses growth, regulatory issues, and future goals in a live AMA to commemorate 200 million users. Top themes were token listings, crypto education, and AI integration. Binance hosted a live AMA session with Richard Teng, the current CEO, in honor of its extraordinary achievement of 200 million users. The event offered […]
Reactivation of BitForex Hot Wallet, Holds $43M In Crypto Assets
Reactivation of the BitForex hot wallet, which contains $43 million in TRB tokens. Done in response to recent withdrawal suspensions and past regulatory scrutiny. Following a period of inactivity since February 21, the BitForex hot wallet has resumed activity in a significant development. This wallet has sparked considerable interest and speculation within the cryptocurrency community, […]
ZkSync Token Airdrop Faces Backlash from Industry Observers
Crypto industry observers have expressed dissatisfaction with zkSync’s airdrop, alleging that it failed to implement anti-Sybil measures and had an unjust distribution. “From what I can observe, there is virtually no Sybil filtering,” Gupta concluded. “Anyone aware of the criteria could have easily exploited it.” That day, zkSync announced that 695,232 wallets could claim its […]
Asymmetry Finance, Ampleforth Launch afUSD Synthetic Dollar
In partnership with Ampleforth, Asymmetry Finance has launched the afUSD synthetic dollar, stabilizing prices through elastic supply. The market for digital assets associated with the United States dollar is experiencing robust performance in 2024. USDe, Ethena’s synthetic dollar, has a market capitalization of nearly $3.4 billion, attracting competitors seeking a proportion of the global stablecoin […]