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Crypto Biz: Bidding war for SVB Capital, new crypto funds and Citi’s private blockchain

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This week’s Crypto Biz explores SVB Capital bids, new funds from Blockchain Capital, the Hut 8-US Bitcoin merger and Citigroup’s private blockchain.

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Coin Market

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

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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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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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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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