Saniya Raahath

Saniya Raahath

Basebros Defi Project Vanishes After Rug Pull

BaseBros DeFi Project Vanishes After Rug Pull

Key Takeaways BaseBros Fi, a decentralized finance (DeFi) yield optimization protocol on the Base blockchain, abruptly disappeared on September 13, taking with it users’ investments. Without warning, the project’s website was wiped, and its social media accounts on X (formerlyโ€ฆ

Defi Platform Delta Prime Suffers $5.9 Million Loss

DeFi platform Delta Prime Suffers $5.9 Million Loss

Key Takeaways Delta Prime, a decentralized finance (DeFi) platform, has lost over $5.9 million following a cyberattack on September 16. The attack occurred after a hacker gained control of a private key, allowing them to manipulate the platformโ€™s contracts andโ€ฆ

Bybit Secures Provisional License In Dubai

Bybit Secures Provisional License in Dubai

Key Takeaways Bybit, the world’s second-largest cryptocurrency exchange by derivatives volume, has secured a provisional license in Dubai two years after establishing its headquarters in the city. The license, granted by the Virtual Asset Regulatory Authority (VARA), allows the exchangeโ€ฆ

Hong Kong Explores SFC Oversight for Crypto OTC Trading

Key Takeaways Hong Kong is considering involving the Securities and Futures Commission (SFC) in regulating over-the-counter (OTC) virtual asset trading services, alongside the Customs and Excise Department (C&ED), as the city struggles to bring order to its crypto sector. Over-the-counterโ€ฆ

Brazilian Crypto Bank Nubank Halts Trading Of Nucoin

Brazilian crypto bank Nubank halts trading of Nucoin

Key Takeaways Brazilโ€™s largest crypto bank, Nubank, has announced the immediate suspension of trading for its native cryptocurrency, Nucoin. The decision follows a sharp decline in the token’s value, which has fell over 97% in the past year. The suspension,โ€ฆ

Sec Questions Ftxโ€™s Crypto Repayment Plan

SEC Questions FTXโ€™s Crypto Repayment Plan

Key Takeaways The U.S. Securities and Exchange Commission (SEC) is scrutinizing FTX’s proposal to repay its creditors using stablecoins or other crypto assets. In a court filing dated August 30, the SEC expressed concerns about the legality of these repaymentsโ€ฆ

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