Business
The newly launched stablecoin is facing a lack of demand from crypto users, according to data firm Nansen.
The former FTX CEO’s legal counsel argued against the millions of additional pages of discovery introduced by the U.S. government last week.
DeFi
Three former team members have been accused of stealing 16 trillion PEPE tokens and selling them on various crypto exchanges before deleting their social media accounts.
The DeFi protocol confirmed an exploit days after warning users about a vulnerability affecting certain liquidity pools.
The platform disclosed that “non-sensitive” customer data of certain claimants had been compromised in a cybersecurity incident.
An estimated 125 MEV bots sniped 21,000 profiles from the platform over the last two weeks.
Ethereum
Coinbase’s Base and Optimism have agreed on a transaction fee split and token grants as part of their long-term collaboration.
The parent company of crypto custodian Prime Trust disclosed that its prior management lost millions of dollars’ worth of customer funds and Treasury funds investing in the UST stablecoin.
Regulation
Roman Storm, a Tornado Cash cofounder, was arrested, and another cofounder was sanctioned by the U.S. OFAC for alleged laundering of virtual assets for North Korea.
Bitcoin
The U.S. Federal agency urges vigilance as North Korean hackers may cash out over $40 million in bitcoin.
