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Munchables Retrieves All Funds from Exploiter, Refund in Progress

Munchables has successfully recovered funds previously lost to an exploit and proceeded with refund procedures for users impacted. According to the latest social media update posted by Munchables, the web3 gaming platform has made a full recovery of the lost funds after the exploiter voluntarily...

, by Hongji Feng

Barry Silbert Could Pocket $1 Billion in Personal Gains by Exploiting Bankruptcy System: Report

Barry Silbert, founder and CEO of crypto conglomerate Digital Currency Group (DCG), stands to potentially gain up to $1 billion through a sophisticated maneuver involving the bankruptcy system. This comes in the wake of the collapse of Genesis, a crypto lending operation tied to DCG, which has...

, by Ruholamin Haqshanas

KuCoin Appears Not to Commingle User Funds and has “Sufficient” Reserves: CryptoQuant CEO

In the midst of criminal allegations and growing concerns over its reserves, the Seychelles-based cryptocurrency exchange KuCoin has received a vote of confidence from Ki Young Ju, the founder and CEO of crypto analytics service CryptoQuant. Despite recent legal troubles, Ju asserts that...

, by Ruholamin Haqshanas

Pennsylvania State, Crypto Miner Sued for Polluting Environment

Pennsylvania state has failed to protect its residents from a crypto mining rig’s carbon dioxide emission, a court filing read. On Tuesday, a Pennsylvania environmental NGO – Save Carbon County – filed a lawsuit in a state court, accusing Stronghold Digital Mining. The company...

, by Sujha Sundararajan

Texas Crypto Mining Firm Giga Energy Expands Operations to Argentina

Texas-based crypto mining firm Giga Energy has expanded its operations to Argentina following its expansion across the U.S. and into Shanghai, tapping into the gas flaring trend. Giga Energy has been building and operating in-house mining operations since 2019, with 150 megawatt containers...

, by Tanzeel Akhtar

Spot Bitcoin ETFs Witness $418M in Net Inflows Led by Blackrock and Fidelity

US spot Bitcoin exchange-traded funds (ETFs) have experienced a resurgence of fresh capital, reversing a streak of consecutive net outflows over the past week. According to data from Farside Investors, the ten approved spot Bitcoin ETFs saw a combined net inflow of $418 million on March...

, by Ruholamin Haqshanas

HSBC Launches Gold Token Service for Retail Investors in Hong Kong

Banking giant HSBC is now allowing retail investors in Hong Kong to buy real gold through digital tokens. HSBC's new gold investment is available through the bank’s online banking service and app, it said Wednesday. It's the first time HSBC has used its private distributed ledger for...

, by Shalini Nagarajan

Web3 Game Munchables Loses $62.5 Million to Exploit: ZachXBT

The web3 gaming platform Munchables experienced a significant security breach, losing $62.5 million in Ethereum due to an exploit on the Blast network. Munchables confirmed the exploit through a post on social media, stating the loss occurred on March 26. “Munchables has been...

, by Hongji Feng

Gaming Firm Illuvium Raises $12M Funding Led by King River Capital, Arrington and Animoca

Web3 gaming firm Illuvium has raised $12 million in a series A funding round with contributions from investors such as Australian venture capital firm King River Capital, Arrington Capital and Animoca Ventures. The funding will be used to develop new games within the Illuvium ecosystem as the...

, by Tanzeel Akhtar

KuCoin Sees Over $1 Billion Outflows After Money Laundering Charges in US

Crypto exchange KuCoin saw over $1 billion in outflows in the last 24 hours after the US prosecutors announced charges against the exchange and two of its founders, Chun Gan and Ke Tang, for violating anti-money laundering laws. The US Department of Justice revealed in its indictment that the...

, by Jai Pratap

Crypto Miner Bitdeer Seeks $100M Financing from Private Credit Firms

Crypto miner Bitdeer is in discussions with private credit firms to secure $100m in financing to expand its Bitcoin mining capacity. Bloomberg reported Wednesday that talks are still ongoing, with details yet to be finalized. Bitdeer is among the largest bitcoin miners globally. It went...

, by Shalini Nagarajan

House Republicans Demand SEC Clarify Its Position Regarding Prometheum

House Republicans have written a letter to the U.S. Securities and Exchange Commission (SEC) urging for clarity regarding Prometheum and whether Ethereum is considered a security. U.S. crypto securities platform Prometheum planned to begin custody of ETH but these plans are now in limbo as...

, by Tanzeel Akhtar

Hashdex, Tidal’s Spot Bitcoin ETF to Begin Trading Today

Hashdex Asset Management and Tidal Investments spot Bitcoin exchange traded fund (ETF) will begin trading later today in the U.S. under the ticker symbol DEFI. In an announcement, the firms said the Hashdex Bitcoin Futures ETF has been converted to the Hashdex Bitcoin ETF (DEFI). The ETFs new...

, by Tanzeel Akhtar

KuCoin Crypto Exchange and Founders Charged by DOJ for $9B Laundering, Anti-Money Laundering Violations

The crypto exchange KuCoin and two of its founders were just charged by US authorities for operating as an illegal exchange in the USA and failing to implement anti-money laundering protocols. The Department of Justice (DoJ) charged the exchange and founders Chun Gan and Ke Tang with violating...

, by Michael Davis

Portugal Temporarily Bans Worldcoin’s Biometric Data Collection for 90 Days

The National Data Protection Commission (CNPD) of Portugal took decisive action on March 26 to safeguard personal data protection, particularly for minors, by temporarily banning Worldcoin. In response to concerns raised by numerous complaints, the CNPD issued a temporary 90-day restriction on...

, by Hassan Shittu

U.S. Sanctions Hezbollah Crypto Operator Linked to Terrorist Funding

Tawfiq Muhammad Said Al-Law, a hawala operator involved in Hezbollah crypto funding, has been sanctioned by the U.S. Treasury’s Office of Foreign Assets Control (OFAC), the federal agency announced Tuesday. Hezbollah Crypto Operator Sanctioned By OFACAccording to Tuesday press release from...

, by Julia Smith

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