Another One: Crypto Lender BlockFi Files for Bankruptcy as FTX Contagion Spreads
Company has $257 million in cash on hand and between $1 billion and $10 billion in total assets and liabilities.... Read more.
Aave (AAVE) Freezes 17 Low-Liquidity Asset Pools in Effort to Prevent Attacks
The move comes after the $116 million Mango Markets exploiter Avraham Eisenberg tried to do a similar trick on Aave.... Read more.
Jump Crypto’s Kariya Calls SBF “False Messiah”, Talks Industry’s Trust Issues
Kanav Kariya said in a Twitter thread that the negative consequences of the blowup of FTX outweigh the industry’s positivities.... Read more.
Belgian Regulatory Body Argues Against ETH, BTC, and Other Coins Being Securities
Financial Services and Markets Authority (FSMA) said that crypto assets created by computer code are not securities.... Read more.
StarkWare Open Sources Cairo 1.0 in First Step Towards Full Transparency
Developers can now interact with Cairo 1.0 and compile and execute basic programs.... Read more.
Block.One and Its Founder Buy Almost 9.27% of Crypto Bank Silvergate (SI)
Brendan Blumer and EOS developer Block.one together acquired 2,934,537 shares, or 9.27%, of the crypto bank.... Read more.
Ethereum Name Service (ENS) DAO Selects Karpatkey as Its Endowment Fund Manager
Almost 58% voted for the decentralized finance wealth management organization. 43% voted for the “None of the above” option.... Read more.
Curve Finance (CRV) Releases New Details About Its Upcoming Decentralized Stablecoin
crvUSD will use a new model called a lending-liquidating AMM algorithm (LLAMMA) to help manage potential collateralization risks.... Read more.
Tornado Cash Developer to Stay Behind Bars Until February
Alexey Pertsev is accused of facilitating money laundering by developing the Tornado Cash protocol.... Read more.
FTX Executives, Sam Bankman-Fried, and His Parents Bought Bahamas Real Estate Worth Millions
It’s unknown what funds FTX used to buy at least 19 luxurious condominiums and other properties worth over $121 million.... Read more.