Layer-2s Arbitrum and Optimism (OP) Flip Ethereum (ETH) in Combined Transactions
Both Layer-2 scaling solutions processed a combined 1.12 million transactions, while Ethereum mainnet settled 1.02 transactions.... Read more.
Gemini Terminates Genesis Loans, Ends Crypto Yield Program
The exchange said it would “operate with the utmost urgency” to return users over $900 million stuck with Genesis.... Read more.
Coinbase (COIN) Cuts Another 20% of Workforce amid Persistent Crypto Winter
CEO Brian Armstrong said that the layoffs are part of the company’s decision to reduce operating costs by around 25%.... Read more.
Gemini’s Winklevoss Accuses DCG CEO Silbert of Fraud, Demands His ‘Immediate’ Removal
Winklevoss said that Silbert and DCG committed accounting fraud by lying that DCG had absorbed Genesis’ 3AC losses.... Read more.
Another One? Wyre Imposes Up to 90% Withdrawal Limit as Shutdown Rumors Intensify
Crypto payment platform said the withdrawal limit is “in the best interest of our community.”... Read more.
Barry Silbert’s DCG Faces SEC and DOJ Investigation Over Internal Transfers
A DCG spokesperson said that the company is unaware of any active investigations related to its business activities.... Read more.
France’s Villeroy Wants to Implement ‘Obligatory’ Crypto Licensing ‘as Soon as Possible’
The governor of the Bank of France said that the events of 2022 warrant stricter rules for crypto companies.... Read more.
Three Arrows Capital Founders Ordered by Liquidators on Twitter to Provide Documents
Su Zhu and Kyle Davies have been issued subpoenas to “furnish all documents available” to them.... Read more.
SEC Charges 8 over $45M Fraud Scheme as U.S. Regulators’ Crypto Crusade Continues
The defendants linked to the scam project CoinDeal promised investors returns of over 500,000 times their initial investments.... Read more.
Crypto Phishing Scams Likely Coming as Hacker Leaks Emails of 235M Twitter Users
Scammers might engineer social attacks like phishing, spam, scam marketing campaigns, doxxing, and others on Twitter and through email.... Read more.