Crypto prime broker FPG loses $15M+ in cyber attack, halts trading and withdrawals

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…

MakerDAO looks to more than double the DAI savings rate

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…

Genesis to enter mediation with creditors to continue restructuring plan

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…

CoinLoan halts all withdrawals, user services

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…

Market rally pumps bankrupt crypto firm holdings

Ad The recent crypto market rally has pumped the crypto holdings of several bankrupt crypto firms in the last 24 hours, according to the Arkham Intelligence dashboard. During the last 24 hours, flagship digital assets like Bitcoin (BTC) and Ethereum (ETH) rose by more than 7%, respectively. The global crypto market cap also rallied above…

Silvergate to return $9.85M deposit to BlockFi

Ad Silvergate Bank has been ordered to return $9.85 million to BlockFi as part of the latter firm’s ongoing bankruptcy proceedings, according to a March 3 filing. BlockFi will see $9.85 million returned That court filing says BlockFi and Silvergate entered an agreement in August 2020 where Silvergate acted as a depository institution to handle…

Holdnaut co-founders opt to sell bankrupt crypto lender

Ad Simon Lee and Zhu Juntao, co-founders of bankrupt crypto lender Hodlnaut have reportedly submitted a proposal to sell their business instead of liquidating its assets. Holdnaut filed for bankruptcy protection back in August, after losing approximately $190 to the Terra-Luna collapse. An interim judicial manager was appointed to manage its affairs and figure out how…

NFT lending continues to moon as over 18k ETH borrowed in January

Ad According to a new report by digital asset analytics firm eBit labs, NFT lending hit a record month in January, returning to numbers not seen since the sector’s previous all-time high in May 2022.  The report used on-chain data of loans backed by Bored Ape Yacht Club (BAYC) and examined BAYCs according to loan…

Celsius prepares to reopen partial withdrawals for eligible users

Ad Bankrupt crypto lender Celsius will be notifying eligible users about how they can start withdrawing assets in certain custody accounts, the firm announced on Feb. 15. Celsius included the list of eligible users in its distribution schedule and will send emails and in-app notifications for the next steps, according to the announcement. However, Celsius…

Celsius former CEO wallet dumps $480k in CEL token selloff

Ad A wallet related to Celsius former CEO Alex Mashinsky reportedly sold 90,000 Celsius tokens (CEL) for $480,000,  blockchain analytical firm Peckshield reported on Feb. 14. The sold tokens originated from wallet “0x4833,” which received the assets directly from Celsius Network Wallet four years ago. The sales appear to have negatively impacted the CEL token…