According to a March 7 Bloomberg article, Coinbase declined to take responsibility for a hacking victim or issue a reimbursement. The firm gave its response in a court filing on March 6 in response to...
Tag: Reimbursement
‘Victims of Ankr exploit’ group unhappy with 50% reimbursement
A group calling itself “Victims of Ankr Exploit” have claimed that its members lost over 13,000 BNB liquid staking coins (over $4 million worth at the time of writing) as a result of the Dec. 2 Ankr e...
New FTX Leadership Says Reimbursement to Creditors May Take Two Years
There is hope for FTX creditors, but according to sources, the recovery process could take up to 2 years. The new FTX CEO has filed evidence to show the discovery of almost two-thirds of lost funds. T...
Ankr discloses reimbursement plan for users affected by $5 Million attack
A security violation almost made Ankr drown, but the well-timed arbitration saved them from the ominous event. Ankr highlighted in their reports that they, “warned familiar off-rams to impose th...
FTX ordered to pay reimbursement fees to Bahamian regulators
The bankrupt cryptocurrency exchange FTX’s trouble continues to mount with each passing day, with the latest coming from the Bahamas, once its headquarters. The Supreme Court of Bahamas issued an orde...
Celsius interim report reveals custody program issues on reimbursement – crypto.news
A new report by the examiner of the bankrupt crypto lender, Celsius Network, details shortfalls in controls and operations at two of the company’s product offerings related to digital assets it held i...
Sam Bankman-Fried Says Crypto Exchange FTX Will Dole Out One-Time $6,000,000 Reimbursement to Phishing Victims
Billionaire Sam Bankman-Fried says crypto derivatives exchange FTX will dole out $6 million to reimburse users who were impacted by a phishing scam involving a separate company. Users of 3Commas, a cr...
Mango DAO Unanimously Approves $42,000,000 Reimbursement Proposal
The decentralized autonomous organization (DAO) that manages the Solana (SOL)-based crypto exchange Mango Markets is approving a proposed reimbursement deal that arose from the exploit of the platform...
Celsius is looking for $70M from loan reimbursement
Celsius expects to get a $70 M loan reimbursement. The loans are anticipated to be repaid by October 7. Celsius, a bankrupt crypto lending company, is looking for $70 million from loan reimbursement t...
Creditors file fresh suit against Celsius seeking $22.5M reimbursement
A new group of creditors has filed a lawsuit against Celsius Network seeking repayment of roughly $22.5 million held in the company’s custodial account. On Aug.31, an ad hoc group of 64 individuals re...
Harmony Plans to Mint billions of New ONE Tokens for Reimbursement
Harmony is planning a hard fork to mint billions of new harmony (ONE) tokens to reimburse victims of its bridge hack last month. Harmony, a proof-of-stake (PoS) blockchain, uses ONE token as the nativ...
Harmony Reveals Reimbursement Proposal For Exploited Victims
5 hours ago | 2 mins read Altcoin News The attack had affected 65,000 wallets across 14 distinct assets. A 100 percent refund was proposed with 4.97 billion new $ONE tokens. As a way to make amends fo...
Small Terra Holders Should Receive Priority Reimbursement
Ethereum co-founder Vitalik Buterin has tweeted his support for a proposal suggesting Terraform Labs reimburses smaller wallet holders for their losses following the recent crash. As the dust settles ...
Sky Mavis Plans Reimbursement Via A $150 Million Financing Phase Thanks To A Ronin Breach
The Ronin community reacted positively to the announcement. According to data from Crypto Slam, the volume of NFT sales has increased by more than 400%. Axie is the most popular NFT game of all time, ...
Ronin hack: Sky Mavis prepares reimbursement through $150M funding round
Sky Mavis has announced to reimburse all the victims in the $600 million that took place on 23 March. Binance confirmed it is leading the initial $150 million funding round with Animoca Brands, a16z, ...