UwU Lend Announces $5m Bounty as Hacker Launders Stolen Funds
A $5 million reward has been announced by the decentralized lending network UwU Lend to “identify and locate” the exploiter. The creators of UwU Lend are offering up to $5 million “to the first person to identify and locate” a hacker who took advantage of the protocol to obtain cryptocurrency valued at over $23 million. […]
Bakkt Receives Green Light for $150M Securities Sale
Bakkt said in a statement that it has been given authorization to fund $150 million through the sale of its securities in one or more offers spread over a three-year period. This follows the company’s statement to the Securities and Exchange Commission (SEC) last week, expressing worries regarding its balance sheet. Bakkt’s assertion: “Bakkt believes […]
SkyArk Studio Raises $15M Funding from Binance Labs to Expand
In its most recent fundraising round, blockchain-based video game company SkyArk Studio raised $15 million from more than 40 investors. In a Jan. 12 X announcement, SkyArk Studio stated that 40 institutions, including co-founder of Tangent Ventures , Darryl Wang and CEO of LayerZero Bryan Pellegrino, participated in the fundraising headed by Binance Labs. While […]
Fuji Finance to Shut Down Over Inability to Raise Funds
Decentralized finance Fuji Finance, a cross-chain money market aggregator, said the protocol had limited financial resources and needed help finding a market for its offering. In a recent Medium blog post, the business claimed that it had failed to discover “product-market fit,” a position that had been made more challenging by the current bear market […]
Brazil’s CBDC Functionality to Allow Central Bank to Manage User Funds
Pedro Magalhes, a blockchain developer, claims to have successfully reverse-engineered the code of the Brazilian central bank’s test digital currency (CBDC). He identified the capabilities that allow a centralized authority to freeze funds or lower balances. Although there have been questions about these capabilities, the developer contends that there may be circumstances in which they […]