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Join the Securities Litigation and Enforcement Group on LinkedInBlockFi Agrees to Pay $100 Million in Penalties and Pursue Registration of its Crypto Lending Product
The Securities and Exchange Commission today charged BlockFi Lending LLC (BlockFi) with failing to register the offers and sales of its retail crypto lending product. In this first-of-its-kind action, the SEC also charged BlockFi with violating the registration provisions of the Investment Company Act of 1940. To settle the SEC’s charges, BlockFi agreed to pay […]
Hackers Stole More Than $600 Million in Cryptocurrency, Then Gave Some of It Back – WSJ
Poly Network said Wednesday that assets worth around $260 million have been returned. In a series of lengthy question-and-answer posts about the heist on a blockchain account used to hijack the funds, the purported hacker or hackers claimed that they were always planning to return the funds. “I am not very interested in money! I […]
At least $611 million stolen in massive cross-chain hack
Cross-chain protocol Poly Network has been hacked for $611 million in the largest DeFi hack to date. “We are sorry to announce that #PolyNetwork was attacked on @BinanceChain @ethereum and @0xPolygon,” tweeted Poly Network today, adding, “We call on miners of affected blockchain and crypto exchanges to blacklist tokens coming from the above addresses.” Source: […]
DeFi Platforms With Names Like SushiSwap Aim to Be Nasdaq for Crypto – Bloomberg
Money manager Vladimir Vishnevskiy can earn a negative interest rate for holding a European government bond. Or he can pocket the annual equivalent of a 20% yield for locking money up in one of the wilder corners of the crypto market, known as decentralized finance, or DeFi. Source: DeFi Platforms With Names Like SushiSwap Aim […]