Genesis and DCG reach in-principle agreement to recover creditors’ funds
Digital Currency Group (DCG) moving toward resolving the financial challenges of its crypto lending subsidiary, Genesis. The agreement could possibly lead to a fair recovery for creditors. The agreement is…
US Department of Homeland Security returns stolen funds to Bitfinex
Bitfinex lost 119,756 bitcoins in a hack in August 2016. The hackers embarked on a plan to move the stolen tokens multiple times as they tried to launder them. In…
On-chain report: Where are funds moving after SEC sues Coinbase? Ether outpacing Bitcoin withdrawals
Key Takeaways The SEC sued Binance on Monday and Coinbase on Tuesday 5% of Coinbase’s Ethereum balance was withdrawn Tuesday, with around 3% of Binance’s reserves withdrawn Overall, the movements…
Euler Finance hacker returns ‘all of the recoverable funds’
Euler Finance has announced a total possible recovery of all the stolen funds. The recovery ends the $1 million bounty that Euler Labs had issued. The total recovery comes after…
Celsius customers begin withdrawing funds eight months after bankruptcy filing
Funds withdrawals by Celsius custody account holders started on March 2. The withdrawals are opening about 8 months after the crypto lender filed for bankruptcy in June last year. The…
Binance moved $1.8B of customer funds in a move similar to FTX: report
Binance reportedly moved the funds between August and December 2022. A Forbes report claims Binance sent the money to various hedge funds and platforms, including Cumberland, Alameda Research and Tron.…
Bets against BTC saw $10M flow into short-bitcoin funds: CoinShares
CoinShares data shows crypto investment products recorded minor outflows of $2 million. But Bitcoin saw a third straight week of outflows totaling $12 million. Short-bitcoin funds saw inflows of $10…
Binance admits “error” in mixing token reserves and user funds
Binance is allegedly working to fix the “error”. The crypto exchange released a proof of collateral report for all 94 Binance-pegged tokens, or B-Tokens. Data suggested the Binance wallet holding…
Silbert responds to Winklevoss’s accusations: DCG doesn’t have to return the funds
Cameron accused Silbert of misrepresenting statements to Gemini on how the company was capitalized DCG’s responsibility for Genesis restructuring and bankruptcy based on non-callable $1.1b promissory note The feud…
Wyre limits withdrawals to 90% of customer funds
Wyre will allow its customers to withdraw only 90% of their funds. The company said the move is to allow it to navigate the current market conditions. Wyre’s CEO has…