The settlement bans Kwon and Terraform Labs from buying and selling crypto asset securities while agreeing to pay $4.5 billion in disgorgement, prejudgement interest, and civil penalties.
The team behind the Holograph (HLG) said they have patched the exploit and is working with centralized exchanges to freeze accounts affiliated with the exploiter
The protocol had offered to let the exploiter keep 20% of the stolen funds if they returned the remaining 80%, which they did not do.
FarmVille co-creator’s gaming studio Proof of Play launched a token for its free-to-play “Pirate Nation” game.
President Biden tapped crypto conscientious CFTC Commissioners Christy Goldsmith Romero and Kristin Johnson to positions at the FDIC and Treasury, respectively.
Sen. Dick Durbin, D-Ill., questioned whether the CFTC was truly up for the challenge to oversee crypto during a hearing on Thursday.
A beginner’s guide to understanding how the Layer 2 network ZKsync works and the way it helps to scale Ethereum.
Corporate drama surrounding Riot Platforms’ proposed takeover of Bitfarms has also been unfolding in recent days.
Following reports in April it was discussing a new fund, Paradigm has officially announced its third fund focused on crypto investments.
SEC Chair Gary Gensler said he expected the new vehicles to have won full approval by the end of the summer.
