In a shocking turn of events, Su Zhu, the co-founder of Three Arrows Capital (3AC), a once prominent Singaporean hedge fund, has been apprehended at Singapore’s Changi International Airport. This arrest comes after Zhu attempted to flee the country following a court order demanding his cooperation with the liquidator’s investigations. This article delves into the
In recent weeks, crypto intelligence firm Arkham Intelligence has found itself at the center of a heated controversy. A report released by whistleblower platform Crypto Leaks has accused the company of exploiting vulnerabilities at major exchanges to obtain users’ personal information. These revelations have raised serious concerns about Arkham’s business practices and have called into
An investigative report recently published in Forbes has raised concerns about the accuracy of Binance’s initial coin offering (ICO) for Binance Coin (BNB) in 2017. The report suggests that Binance may have significantly overstated the success of the ICO, as well as misrepresenting important details regarding token allocations and the amount raised during the offering.
The financial sector has always been known for its hidden opportunities and secret strategies that only a few lucky ones could benefit from. Just like the rapid rise of electric vehicles caught traditional investors off guard, new AI Crypto projects like yPredict could potentially revolutionize traditional financial systems and create enormous opportunities. Let’s take a
Reports have emerged suggesting that several employees of cryptocurrency exchange FTX were aware of a backdoor that allowed Alameda to withdraw customers’ funds. These revelations, as reported by The Wall Street Journal (WSJ), have shed light on a deeply concerning situation within the company. The employees, who were part of the LedgerX team acquired by
Arbitrum, the leading Ethereum layer-2 scaling solution, has been on a downward spiral lately, leaving many investors wondering if it will eventually reach zero. The recent end of the Arbitrum airdrop claim added to the disappointment, with a massive 69.4 million unclaimed tokens worth $56 million being transferred to the Arbitrum DAO. As the airdrop
The South Korean gaming company Netmarble has achieved a significant milestone in the blockchain gaming industry. Its subsidiary, MarbleX, is preparing to list its coin, MBX, on the Japanese cryptocurrency exchange Zaif. This marks the first time a token issued by a South Korean gaming firm has gained listing in Japan, signifying a major breakthrough
In the world of cryptocurrencies, Ethereum (ETH) has been riding high for the past two years, consistently outperforming its competitors. However, according to analysis from one technical expert, this trend is about to change, and Solana (SOL) could be the one to take its place. With a careful examination of the SOLETH chart on a
The recent actions taken by JPEX, a cryptocurrency exchange, have sparked controversy and raised concerns among users. Reports indicate that JPEX has begun restricting withdrawals by converting user balances into a non-withdrawable cryptocurrency. This article critically analyzes the situation, explores the implications for users, and questions the transparency and legality of JPEX’s actions. According to
The world of crypto assets and decentralized finance (DeFi) has gained significant traction in recent years. Recognizing the need to delve deeper into this rapidly growing industry, the Bank for International Settlements (BIS) has taken a significant step forward. In partnership with central banks within the Eurosystem, the BIS has announced the launch of Project