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Decentralized finance (DeFi) protocol Linear Finance has fallen victim to an attack that resulted in the complete depletion of liquidity in its Linear USD (LUSD) token. Following the incident, Linear…
A United States judge has approved the Justice Department’s (DOJ) motion to bar all witnesses proposed by Sam Bankman-Fried (SBF), the founder and former CEO of bankrupt cryptocurrency exchange FTX,…
SBF had previously violated his bail conditions in minor ways, such as by using VPNs to watch football games. Although the court did not constitute such relatively innocuous breaches as…
Bitcoin’s ownership distribution is a critical indicator of market dynamics. According to the latest analysis from Santiment, some intriguing shifts in Bitcoin ownership patterns have emerged, shedding light on the…
In a new turn of events, the defunct crypto exchange platform FTX earmarked September 29, 2023, at exactly 4 PM ET as the final deadline for creditors registering their proofs…
On Sept. 21, the company submitted a 60-page petition asserting that the financial regulator overstepped its authority when it sued them. The SEC sued Binance in June, alleging a range…
The Australian Securities and Investments Commission (ASIC) has initiated civil proceedings against Bit Trade Pty Ltd. The company allegedly failed to comply with design and distribution obligations (DDO) for its…
On Sept. 20, the CBDC Anti-Surveillance State Act passed out of the Financial Services Committee. Republican Senator Tom Emmer said it was, “A historical step in defending against an ever-expanding…
In yet another successful phishing scheme, an unsuspecting user suffered a multimillion-dollar loss in Tether. Etherscan data revealed that $4.46 million worth of Tether (USDT) was siphoned from an unsuspecting…
Stablecoin giant Tether has announced a strategic investment in German-listed Bitcoin miner Northern Data Group (ETR: NB2), which the former says will be “the biggest independent AI Player in Europe.”…