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
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Bent Finance confirms pool exploit, advises investors to withdraw funds
Staking and farming platform Bent Finance joins the list to become the sixth crypto establishment to get hacked in December. The acknowledgment of the attack was followed by requesting investors to withdraw their pool funds and disabling the reward claims on the compromised platform. Bent Finance first realized the exploit on Monday at roughly 8:55 PM EST, a timeline when the … [Read more...] about Bent Finance confirms pool exploit, advises investors to withdraw funds
BlockFi users say they can’t withdraw funds after 701 Bitcoin blunder
Users of the crypto lending platform BlockFi are reporting difficulties in withdrawing funds. This comes after a promotional campaign in which over 701 Bitcoin was given away by mistake.Some users say they have received legal threats as the firm tries to recovery the Bitcoin. The incident puts the spotlight on the risks of using centralized exchanges once again.BlockFi wants … [Read more...] about BlockFi users say they can’t withdraw funds after 701 Bitcoin blunder
Gensler inches closer to SEC Chair, will he withdraw the Ripple lawsuit?
Gary Gensler is edging closer to taking charge at the Securities and Exchange Commission (SEC). With that, the Ripple faithful hold hope that one of Gensler’s first acts, if he clears the final hurdle, will be to withdraw the lawsuit.The suggestion comes from former SEC Commissioner Paul Atkins, who served between 2002-2008. Atkins commented that it is within Gensler’s power … [Read more...] about Gensler inches closer to SEC Chair, will he withdraw the Ripple lawsuit?