CertiK Freezes $160k From Stolen Merlin DEX Funds
Blockchain security company CertiK stated that it has frozen $160,000 of the $1.8 million taken by malicious developers from Merlin DEX. Merlin was rug-pulled by insiders, CertiK said in a May 4 Twitter discussion . The company claims that attempts to work with the other project team members were unsuccessful because they refused to confirm […]
SEC Gets Green Light to Seek Singapore Records in Do Kwon Case
The SEC has obtained a court order to seek records from Singapore’s regulator as part of its lawsuit against Terraform Labs and its founder Do Kwon for allegedly defrauding investors through a stablecoin scheme. In February, the SEC filed a lawsuit against Terraform and Kwon, accusing them of offering unregistered securities and engaging in a […]
Bitget customer accuses exchange of stealing $200k from account
Bitget, a cryptocurrency exchange, has been accused of theft by a disgruntled user, who claims the platform has frozen their account. On March 31, 2023, a Bitget user going by the handle “EvanLuthra” tweeted that the cryptocurrency exchange was a scam and that it had “illegally stolen” $200,000 from them. It also announced plans to […]
US prosecutors charge Do Kwon with fraud
A few hours after his arrest, the CEO of Terraform Labs Do Kwon is now facing fraud charges with the United States authorities in New York. United States authorities in New York have charged Terraform Labs CEO Do Kwon with fraud, only hours after he was purportedly arrested in Montenegro. The 31-year-old entrepreneur has been […]
Crypto.com lays off 20% of workforce after FTX collapse
Kris Marszalek, CEO of Crypto.com has announced a new wave of staff layoffs that will reduce its global workforce by another 20%. Kris Marszalek, the co-founder and CEO of Crypto.com , has announced a new round of staff layoffs that will further reduce its global workforce by 20%. He cited weak market conditions and “recent […]