Crypto lending platform Celsius Network has filed a lawsuit claiming that custodian Prime Trust failed to turn over roughly $17 million worth of cryptocurrency. In a Tuesday filing with the U.S. Bankruptcy Court in the Southern District of New York, Celsius’ legal team brought a complaint against Prime Trust, alleging the company did not return $17 million worth of crypto […]

Javier Milei, a top candidate in the race to be Argentina’s next president, has been slammed with a lawsuit by disgruntled investors for reportedly publicizing a crypto Ponzi. Javier Milei Sued For Promoting CoinX In 2021, Milei published an Instagram post for his 1.3 million followers, endorsing CoinX — a cryptocurrency investment platform that made all-too-familiar claims of massive returns […]

United States Congressman Tom Emmer sent a four-page letter to Treasury Secretary Janet Yellen on Tuesday regarding the Treasury Department’s sanctioning of cryptocurrency mixer Tornado Cash on Aug. 8. In his letter, Emmer posed a series of questions that seek to clarify the position of the Treasury Department’s Office of Foreign Assets Control (OFAC). Emmer said that OFAC, acting under […]

Crypso – a digital currency investing platform – has garnered an impressive $3 million in new seed funding. The round saw the participation of many of the crypto arena’s most prominent leaders including Hashed Emergent, Athera Venture Partners, Better Capital, Whiteboard Capital, and the founders of Polygon. Crypso Gets a Lot of Money Crypso says it’s planning to use the […]

One user has filed a class-action lawsuit against crypto exchange Coinbase on behalf of account and wallet holders “who have had their accounts breached and incurred losses arising from the unauthorized transfer of assets.” In an Aug. 15 filing in the U.S. district court for the Northern District of Georgia, plaintiff George Kattula requested a jury trial against Coinbase, claiming […]

Cross-chain bridges have increasingly become targeted by malicious entities. However, not all hackers can run away with millions in their exploit attempts. Some end up losing money from their own wallets.  In a Twitter thread, Alex Shevchenko, the CEO of Aurora Labs, told the story of a hacker who attempted to exploit the Rainbow Bridge but ended up losing 5 […]

Founder of Telegram Pavel Durov teases creating a new marketplace to auction usernames.  Durov’s idea seems to have been inspired by the TON DNS auction conducted by the open network earlier in July  Pavel Durov, the founder of the instant messaging application Telegram has suggested a new idea that involves creating a marketplace to auction its reserved and special channel […]

SudoRare, an automated market maker (AMM) protocol for ERC-721 to ERC-20 swaps, suddenly shut down its services and social media accounts after reportedly making away with 519 Ether (ETH), worth roughly $815,000.  A crypto community member, sungjae_han, was first to point out a suspicious transaction that drained substantial funds off SudoRare using LooksRare (LOOKS) and USD Coin (USDC) tokens. A […]

Ethereum price is struggling below $1,700 against the US Dollar. ETH/USD remains at a risk of more losses if there is a break below the $1,525 zone. Ethereum Price Analysis This past week, ethereum faced a rejection near the $2,000 zone against the US Dollar. ETH price failed to gain strength and started a fresh decline below the $1,880 level. […]