Category : EthereumWorldNews

EthereumWorldNews

Raydium Hacker Swaps $2.5 million in Stolen Crypto From Solana To Ethereum

Summary: An exploiter stole around $2.5 million in cryptocurrencies from Solana-based decentralized exchange Raydium.The team confirmed that a hacker withdrew liquidity pool tokens from its admin wallet on Friday.The hacker swapped the stolen dig...

Auditing Firm Mazars Halts Work With All Crypto Clients Including Binance, Crypto.Com, KuCoin

Audit Firm Mazars recently halted operations for massive crypto exchanges, including Binance, Crypto.Com, and KuCoin, following FTX’s Collapse, according to Bloomberg.Previous audit reports have been taken down from their website. Binance saw...

Elon Musk Hype Drives OKX Token Price Up 8%

Summary: The OKB token shot up in value after Twitter CEO Elon Musk followed OKX’s account, the crypto exchange behind OKB.OKB’s price rose as high as 7% by press time on the speculations that Musk might unveil crypto payments for Tw...

FTX Creditors Committee Appointed, Includes Crypto Market Maker Wintermute And GGC

Summary: Cryptocurrency market maker Wintermute was appointed to the committee for unsecured FTX creditors.Wintermute and eight other members form the committee, according to a court document seen by EthereumWorldNews.Sam Bankman-Fried’s cr...

FTX Hid Alameda’s $8 Billion In Liabilities Using Software And ‘Weird Korean Account’: Report

Summary: Alameda’s liabilities with crypto exchange FTX were masked on the orders of Sam Bankman-Fried, CFTC officials alleged.Nishad Singh, a top executive in SBF’s crypto empire, supposedly developed code that redirected AlamedaR...

CFTC: Alameda Used FTX Customer Funds To Stave Off Insolvency In May/June 2022

Summary: Alameda Research also had unlimited access to customer accounts among other special privileges at the FTX crypto exchange.The CFTC’s complaint against Sam Bankman-Fried cited insider information, chat logs, and internal conversatio...

CZ Binance Says To ‘Expect Tough Months Ahead’, Calls $6 Billion In Outflows A’Stress Test’

Summary: Binance CEO Chanpgeng Zhao pointed to FTX’s collapse as a reason for increased scrutiny of the digital asset industry.Zhao’s internal meme to Binance staff said the crypto exchange “will survive any crypto winter”.Outfl...

FTX CEO John Ray’s Testimony Reveals Sam Bankman-Fried’s Poor Leadership

FTX CEO John Ray has testified before the U.S House Committee on Financial ServicesJohn Ray criticized former CEO Sam Bankman-Fried for his unacceptable business practices.& The new management has recovered over $1 billion of the lost funds.&...

SBF Indictment Unsealed: Sam Bankman-Fried Accused Of Conspiracy, Fraud, And Campaign Finance Violations

Summary: Prosecutors from the Southern District of New York filed criminal charges against Sam Bankman-Fried on Tuesday.The unseal indictment order detailed eight counts including fraud, conspiracy, and violation of U.S. Campaign Finance Laws.Ot...

Sam Bankman-Fried Charged With Defrauding FTX Customers And Investors: SEC

Summary: The FTX founder stands accused of diverting customers from the crypto exchange FTX to his trading firm Alameda Research.Sam Bankman-Fried also allegedly defrauded equity investors from around May 2019 till November 2022.The SEC announced...

Binance Rolls Out Online Master In Blockchain and Web3 Program

Binance will launch an online learning program aimed at helping customers understand the crypto industry.& The program has been created in association with Founderz Business School.& It will be available in English and French from February 2...

0xPlasma Labs Proposed Launching Uniswap V3 On Binance BNB Chain

Summary: The blockchain startup suggested connecting Uniswap V3 to BNB Chain, the second-largest DeFi ecosystem with over a million active user addresses and $5 billion in total value locked.0xPlasma Labs argued that deploying on BNB will expand...

Federal Prosecutors Mull Charges Against Binance and CEO Changpeng Zhao: Reuters

Summary: Reuters reported that the U.S. Justice Department remained undecided about charging Binance with fraud and money laundering.About a dozen prosecutors reportedly advised actions against the leading crypto exchange, its founder Changpeng Z...

Explore Yield Farming with Liquidus App

Liquidus is a multi-purpose app helping users from all categories dive into the investing world simply and securely. From yield farming to avoiding the hassle of manual transactions or checking the best pools and farms based on the market, the Liqui...

Sam Bankman-Fried Supports Issuing New FTT Tokens To Make FTX Users Whole

Summary: SBF tweeted approval for a social media post suggesting restarting FTX and issuing new FTT tokens to users.Bankman-Fried hailed the proposal as a “productive path for parties to explore”.The suggestion was tweeted by Ran Neu...

FTX Founder Sam Bankman-Fried: I Am Willing To Testify On The 13th

Summary: Sam Bankman-Fried tweeted that he will appear before the House Committee on Financial Services.SBF’s tweets on Friday were a sharp turnaround from his earlier refusal to testify in Washington DC.The affirmation to attend Tuesday&#...

Binance Bitcoin Reserves 101% Collateralized Says Mazars Audit

Summary: CZ’s company hired Mazars to audit its Bitcoin reserves after FTX’s crash shook faith in crypto exchanges.Mazars reported that Binance’s BTC reserves were fully collateralized at a 101% ratio.The global auditor verifie...

Zodia Custody To Hedge Against Crypto Exchange Insolvency With “Interchange” Service

Summary: The custodian will hold customers’ assets and mirror user deposits on crypto exchanges.Zodia dubbed the new service “Interchange”, per reports on Wednesday.The crypto custodial company announced the offering at a time w...

SushiSwap Will Run Out Of Money In 1.5 Years

The funds in SushiSwap’s treasury can only sustain it for another 1.5 years.The decentralized exchange is currently burning through $5 million a year.& CEO Jared Grey has proposed to divert all fees to the exchange’s treasury for one year.A new...

Ledger Taps iPod Designer For New Hardware Wallet Amid FTX Debacle

Summary: Apple iPod creator Tony Fadell worked on the design for Ledger’s new hardware wallet.The so-called Ledger Stax wallet will feature an e-ink display for users to view NFTs and crypto transactions directly on the device.Stax’s...

Court Approves Celsius Extention To Submit Chapter 11 Reorganization Plan In 2023

Summary: Bankrupt crypto lender Celsius received an extension from the court on Tuesday.The extension means the lender now has until February 15, 2023 to provide the court with a reorganization plan.Tuesday’s update added that the court wi...

CEO of LYOPAY Luiz Góes on the Cover of IB Magazine

Who is the Brazilian entrepreneur Luiz Góes Luiz Góes is a business executive with a specialization in process management, leadership, and business implementation. He has worked in fintech management and has promoted several digital business cons...

BREAKING: Nexo Is Shutting Down Its U.S Business

Nexo will be shutting down its operations in the United States.The London-based crypto lender cited the lack of regulatory clarity as the reason for this move.The lender’s negotiations with U.S. regulators have failed to yield any results. Nexo is f...

Maple Finance Calls Out Orthogonal Trading After $36 Million Loan Default

Summary: Maple’s Monday statement said that Orthogonal Trading defaulted on eight loans worth around $36 million.The loans were tied to two pools operated by Mavens M11 credit.Maple founder Sid Powell expressed shock and disappointment due...

Circle’s merger with SPAC Concord breaks down

Summary: Circle and Concord announced the termination of their special purpose acquisition company agreement.Both entities agreed to shutter the deal as the stablecoin issuer could not meet regulator requirements in time.The deal was meant to al...

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