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3AC founders reveal ties to Terra founder, blame overconfidence for collapse

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2 years ago

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Su Zhu revealed the 3AC team had close ties to Terra co-founder Do Kwon, which made them overlook many red flags with the project that eventually led to a multi-million dollar loss for the hedge fund.

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Coin Market

Feds end Bitcoin bandits’ luxury life fueled by $230M crypto scam

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29 mins ago

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September 20, 2024

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The scammers spent their gains on a lavish lifestyle of luxury cars, apartments, jewelry, and nightlife. 

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Coin Market

DeFi lending protocol Sky to drop wrapped Bitcoin after governance vote

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1 hour ago

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September 20, 2024

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The vote was passed with 88% in favor of offloading WBTC collateral from the Sky lending platform. 

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Coin Market

BingX confirms ‘minor’ losses amid panic over hot wallet movements

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1 hour ago

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September 20, 2024

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Crypto exchange BingX’s product chief Vivien Lin has confirmed there was a hack and a “minor asset loss,” which is still being calculated.

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