Flowcarbon Reportedly Refunds Investors After No Token Launch
Flowcarbon, a blockchain-based carbon credit platform co-founded by Adam Neumann, the former CEO of WeWork, is refunding investors after the “Goddess Nature Token” (GNT) failed to launch. According to Forbes, certain refunds have been issued recently after investors, including the tech-focused venture capital firm Andreessen Horowitz, waited for a launch that never occurred for more […]
BinanceUS, Fireblocks Partner to Strengthen Asset Security
Fireblocks, a digital asset custody company, has partnered with BinanceUS, to enhance the confidence of users and regulators by guaranteeing the secure management of customer assets. BinanceUS, established in 2019, has been the subject of intensive regulatory scrutiny, particularly in the wake of a significant enforcement action against its parent company, Binance, and its founder, […]
Friend.tech Team Face Rug Pull Allegations
After relinquishing control over the project’s smart contracts, the team behind Web3 social media platform Friend.tech faces allegations of rug pulling on the internet. The Friend.tech team disclosed on September 8 that it had configured the admin and ownership parameters to Ethereum’s null address. The team stated that this would prohibit future modifications to their […]
Unverified Contract Account Drains $1.4M from CUT Token Pools
On September 10, blockchain security platform Certik reported an attacker drained over $1.4M worth of Bows Coin Synthetic US Dollar (BSC-USD) from a liquidity pool that held CUT tokens The CUT token contract depended on a distinct, unverified contract to establish its “future yield” parameter. This contract was utilized to drain the BSC-USD using an […]
Nubank Suspends Native Crypto Token Trading
The largest crypto bank in Latin America, Nubank, announced the immediate suspension of trading for Nucoin, its native crypto, following the token value’s decline by more than 97% in the past year. On October 19, 2022, Nubank disclosed the establishment of the Nucoin token on the Polygon blockchain. The bank discontinued trading nearly two years […]