Former Terraform Labs leader's testimony reveals co-founders' promotion of TerraUSD despite legal obstacles. Ongoing trial raises concerns over Terra's collapse and potential consequences for co-founders.
EdmundNexo's $3 billion arbitration claim against Bulgaria revolves around alleged wrongful actions, impacting its brand and business opportunities. The aftermath of investigations, challenges in the U.S., and decisions to wind down operations contribute to the complex situation. Bulgaria's response indicates a pending review of the arbitration request.
BerniceEntrepreneur Mario Nawfal faces federal scrutiny over allegations of wrongdoing, with complaints filed by Chet Long and Sigmund Holtz. Long reported Nawfal for embezzlement and tax evasion, while Holtz provided information to the SEC. Nawfal denies the allegations and is initiating legal action. Nawfal's rise to fame on Twitter, where he hosts discussions, is overshadowed by growing scrutiny and fraud accusations from former associates. The inquiries follow reporting by YouTube personality Chris Zakrzewski, to which Nawfal threatened legal action.
Cheng YuanDays after Balancer publicly disclosed a vulnerability that had cast a shadow over multiple pools within the ecosystem, the protocol found itself ensnared in an exploit that resulted in a staggering loss of nearly $900K.
CatherineThe game ends on Feb. 8, with a “mysterious new power source” due to be revealed on Feb. 15.
BeincryptoThe bitcoin mining industry was hit with a wave of lawsuits, resignations and bankruptcies in 2022.
CoindeskThe Commercial Affairs Department (CAD) launched a probe into troubled crypto lender Hodlnaut for “possible cheating and fraud,"
decryptThe fall in trust levels prompted various major exchanges to brainstorm ways to prove that they are “safe”.
Siew MengAt the time of publication, it is not clear how the DeFi detective allegedly connected wallets with questionable activities to Jeff Huang.
CointelegraphIn his resignation letter, Economic Secretary to the Treasury John Glen said that “vital reforms" to the country’s financial services were ready to be presented to Parliament.
Cointelegraph