Key Takeaways The liquidators of Three Arrows Capital (3AC), the now-defunct hedge fund, have raised their bankruptcy claim against the crypto exchange FTX from $120 million to $1.5 billion. The updated claim accuses FTX of prematurely liquidating 3AC’s assets just…
Key Takeaways A Gigachad (GIGA) memecoin investor suffered a significant financial blow, losing $6.09 million in a phishing attack. The scam, involving a fraud Zoom meeting link, targeted the victim’s wallet and led to the unauthorized transfer of funds. The…
Key Takeaways A North Korean hacking group, linked to the state-backed BlueNoroff operation, has launched a new cyber campaign targeting cryptocurrency firms, according to a recent report by SentinelOne. Dubbed Hidden Risk, this attack uses a multi-stage malware designed to…
Key Takeaways Alameda Research, a firm which worked as the now defunct FTX’s main market maker has initiated legal proceedings to recover more than $11 million held in a Crypto.com account. In a recent filing on November 7 with the…
Key Takeaways The California Department of Financial Protection and Innovation (DFPI) has permanently revoked the license of bankrupt BlockFi. The decision, announced on November 7, comes after a lengthy investigation by the DFPI, revealing several violations of state finance laws…
Key Takeaways FTX co-founder Gary Wang is asking a U.S. federal judge to spare him jail time, arguing that his cooperation played a important role in the conviction of his former business partner, Sam Bankman-Fried. Wang, once the techn chief…
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