The manager mistakenly claimed that Strategy’s BTC collateralizes shares of its stock, even though it doesn’t. Source link
Deirdre Knox
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The root cause behind the hack remains unclear. Around $6M in ETH and $850K of YieldFi assets sit in the hacker’s ETH …
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Coinbase
Celsius estate alleges TrueUSD firms gambled customer deposits
by Deirdre Knoxby Deirdre KnoxCelsius has filed a lawsuit against Archblock, alleging that it’s failed to redeem millions of dollars worth of stablecoins. Source link
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Coinbase
New X starter packs face backlash over crypto ‘scam’ accounts
by Deirdre Knoxby Deirdre KnoxHead of Product Nikita Bier added, and swiftly removed, a controversial crypto influencer from the platform’s new starter pack feature. Source link
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Coinbase
Crypto sleuth links $500M in Iranian USDT to stolen Bybit funds
by Deirdre Knoxby Deirdre KnoxCrypto sleuth Tanuki42 claims the middle man selling USDT to Iran is also receiving USDT from DPRK wallets laundering Bybit funds. Source …
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Coinbase
Strategy market cap down 40% after pivot from bonds to preferreds
by Deirdre Knoxby Deirdre KnoxStrategy preferreds were supposed to fix the problems with bonds, such as principal repayment, but instead they brought a raft of new …
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Coinbase
Cambodian scam rings facing disruption since kingpin’s arrest
by Deirdre Knoxby Deirdre KnoxArrests, money laundering service shutdowns, releases, and escapes are all part of an ongoing crackdown on Cambodian scam operations. Source link
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Farcaster founder Dan Romero said the firm “isn’t shutting down” and that Merkle Manufactory will return $180M to investors. Source link
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Coinbase
We calculated the present value of STRC — it’s bad for MSTR
by Deirdre Knoxby Deirdre KnoxWe calculated the present value of STRC and compared it to various metrics that reveal the difficult math behind BTC yield. Source …
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Coinbase
French crypto tax firm targeted in ShinyHunters extortion attempt
by Deirdre Knoxby Deirdre KnoxFrench crypto tax firm Waltio is being extorted by hacking group ShinyHunters, which is threatening to leak the data of almost 50K …
