News list for " millions of dollars"
The state of Tennessee has reached a multi-million dollar settlement with GS Partners over misleading digital assets and meta-universe investments. Affected investors have 90 days to file a claim, which opens in November, and are expected to return all deposited funds or cryptocurrencies. The settlement also includes other entities under the GSB Group, and related investment products involve G999 tokens, XLT credentials, and staking pools in the Lydian World meta-universe. The states that have r...
Andrew Left and Citron Capital have been charged by the Securities Exchange Commission (SEC) and the Department of Justice (DOJ) for alleged multimillion-dollar fraud. Citron Research, one of GameStop's best-known sellers, announced in June that it would no longer short GameStop.
Decentralized autonomous organization HectorDAO has filed for Chapter 15 bankruptcy protection in the United States due to the collapse of the Terra ecosystem and multiple market crashes in 2022, as well as losses in capital due to hacking attacks. According to the documents, HectorDAO suffered $16.40 million in losses and suffered a $2.70 million hack in 2023. The move led Interpath Advisory to be appointed as an expert in bankruptcy administration and restructuring to investigate the possibili...
Consumers' Protection, a California-based nonprofit, has launched a multimillion-dollar advertising campaign questioning the business conduct of the Tether stablecoin. The campaign, promoted through TV ads and billboards, questions whether Tether will become the next FTX and points to the risk that its reserves are unaudited. Consumers' Protection will set up digital billboards in New York's Times Square and use mobile billboards in New York and Washington DC. Executive director Will Hild said c...
Cryptocurrency exchange Kraken has denounced a white-hat hack by blockchain security firm CertiK as "extortion". Nick Percoco, chief strategy officer at Kraken, said earlier in the day that the exchange's nearly $3 million loss was considered a "criminal case" and coordinated with law enforcement to recover the breach after a group of tech-savvy researchers exploited "isolated vulnerabilities".
Hashkey Exchange CEO Livio Weng said in the latest interview with the FT Chinese website that the cost of applying for a license is not necessarily tens of millions of dollars, but tens of millions of Hong Kong dollars. The cost of preparing the licensing materials is different from the cost corresponding to the operation stage. For HashKey, which has actually been operated, the investment of the entire exchange sector is indeed tens of millions of dollars, but the platform that is still in the ...
On May 8th, anonymous trader NN said that due to the hard fork of 0L Network (LIBRA) team without community approval, more than 1 million dollars of cryptocurrency was lost. NN said that the team behind 0L Network forked to fix a vulnerability that lasted more than two years and was not considered malicious, resulting in a 4% reduction in the total supply of LIBRA and the destruction of tokens purchased by Innocent Wallet nearly two years ago. The anonymous trader said he bought 147 million LIBR...
On April 23rd, Arkham posted on the X platform that there are a large number of "forgotten" cryptoassets in bridge contracts with dozens of accounts, including the wallets of Ethereum co-founder Vitalik Buterin, Coinbase, and several DeFi whales, among which: Thomasg.eth has $800,000 in assets in Arbitrum Bridge and has been stuck for approximately 1 year and 10 months; Bofur Capital has $1.80 million of assets in Arbitrum and has been held up for approximately 2 years and 3 months. MikeMac had ...
Pavel Durov, founder of encrypted instant messaging app Telegram Messenger, predicts that increased government surveillance will force the creation of secure communication devices inspired by cryptocurrency hardware wallets. However, Durov believes that increased regulation will force hardware devices dedicated to secure communication to innovate "just as we use hardware wallets to store cryptocurrencies". When it comes to company ownership, Durov said he avoids making venture capital (VC) inves...
Shanghai Wow Universe Digital Technology Co., Ltd. (referred to as "Wow Universe" or "UOVAMETA"), a subsidiary of Beijing Yuanlong Yatu Cultural Communication Joint stock company, completed the first round of 10 million-level strategic financing. Lehua Entertainment and Ali Pictures participated in the investment. At the same time, the parent company Yuanlong Yatu also participated in the capital increase and share expansion. This financing will help UOVAMETA to further improve the AI and Web3 i...
Polychain Capital, a blockchain venture capital firm, has made an undisclosed investment in the artificial intelligence platform Ritual, with an investment amount of "millions of dollars.". Ritual raised $25 million in November last year to address the centralization issue of artificial intelligence systems. This investment is led by Archetype, with Accomplice and Robot Ventures participating.
Born Ready, a venture capital fund focused on Web3, is partnering with Catalyze Research to launch the Catalyze Futureverse Ecosystem Fund, which has an investment of $10 million and targets new businesses in the Web3, metaverse, artificial intelligence, and content sectors in the Asia Pacific region. Selected companies will collaborate within the Futureverse ecosystem, including The Root Network.
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