On Thursday, Jump Crypto, a crypto venture capital firm that owns Certus One, the developer of the Wormhole token bridge, announced it had deposited 120 thousand Ether (ETH) into a Solana-Ethereum bridge that suffered a devastating exploit. The day prior, hackers fraudulently minted 120 thousand wrapped Ether (wETH) worth $321 million on the Solana (SOL) platform, then redeemed … [Read more...] about Jump Crypto replenishes funds from $320M Wormhole hack in largest-ever DeFi ‘bailout’
Funds
Youtuber and alleged thief publicly refuses to return investors’ funds after $750k rug pull
On Wednesday, American Youtuber and "internet detective" Coffeezillaa published a recorded interview of himself and disgraced Youtuber Paul "Ice Poseidon" Denino. During the session, Denino allegedly confirmed that he made off with $750k worth of his investors' money through rug pulling a crypto project dubbed "Cxcoin."The ordeal started last July, when Denino created the … [Read more...] about Youtuber and alleged thief publicly refuses to return investors’ funds after $750k rug pull
Digital Asset Funds Hit by Record Weekly Outflows of $207M
As crypto prices fall, fund investors remain bearish with record weekly outflows from digital asset investment products totaling $207 million in the seven days through Jan. 7.The spate of redemptions adds to the pressure on the market that began in mid-December, bringing the four-week outflow total to $465 million.Investment funds focused on bitcoin, the world’s largest … [Read more...] about Digital Asset Funds Hit by Record Weekly Outflows of $207M
Users of Hong Kong Crypto Exchange Coinsuper Say They Cannot Withdraw Funds
One of the venture capitalists that had backed Coinsuper told Bloomberg that they had completely written off their $1 million investment in the exchange. Six to eight months ago, the VC lost contact with the exchange’s management team, while Chairman and CEO Karen Chen stopped responding on WeChat, Bloomberg said. Chen is the former president of UBS China. Source link … [Read more...] about Users of Hong Kong Crypto Exchange Coinsuper Say They Cannot Withdraw Funds
Katie Haun Seeks $900M for Crypto Funds After A16z Departure: Report
Katie Haun, soon to be former partner at Andreesen Horowtiz (a16z), is looking to raise $900 million for a pair of crypto investment funds following her departure from the venture capital firm, according to a report by the Financial Times.Haun is aiming for $300 million for an early investment fund targeting crypto startups and $600 million for a fund focused on larger … [Read more...] about Katie Haun Seeks $900M for Crypto Funds After A16z Departure: Report