In May 2021, Circle, a fintech company that offers payment and trading solutions, revealed that it had discovered a massive discrepancy in its USDC reserves. Silicon Valley Bank, which was responsible...
Tag: mishap
Coinbase hit with lawsuit over Terra mishap 1
Coinbase has yet again been slammed with another lawsuit due to the issues emanating from the mishap suffered by Terraform Labs. According to the filing details, the company failed to alert users that...
Do Kwon dismiss claims to cashing out from Terra’s mishap 1
Do Kwon has rubbished rumors that he has been involved in some big cash out in the last few months as Terra’s boss. According to several reports, there have been claims that the Terraform Labs CEO has...
Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap
Bringing closure to the long-awaited judgment related to the money laundering activities over the BitMEX crypto exchange, one of the four federal district courthouses in New York reportedly sentenced ...
Crypto Weekly Roundup: Beanstalk Farms Hacked, Stripe Connect Announced, Binance’s Swastika Mishap, Lazarus On The Prowl, Moonbird Tops Trading Volumes, And More
North Korea’s Lazarus group is at it again. This time they are employing malicious apps to target employees and individuals in the crypto space in order to launch more sinister cybersecurity hacks. Ke...
SEC Mishap Highlights Taint On Government “Taint Teams”
A government agency candidly acknowledged the accidental mishandling of potentially privileged documents – this time, its own. On April 5, 2022, the U.S. Securities and Exchange Commission issued a st...