Top crypto tweets of the day – June 13th

Related articles

• Curve emergency DAO halts hack-related token rewards

  TL;DR Breakdown Curve Finance has terminated governance token rewards for certain liquidity pools. The affected pools include alETH+ETH, msETH-ETH, pETH-ETH, crvCRVETH, Arbitrum Tricrypto, and multibtc3CRV. It is important to note that the decision can be reversed in the future if the Curve DAO conducts a full vote. Description The Curve Finance lending protocol has recently taken significant steps to address the vulnerabilities and exploits it faced in July. In response to the July 30 Curve exploit and the July 6 Multichain exploit, the protocol has terminated governance token rewards for certain liquidity pools. This decision was made public on August 2 by a … Read more The Curve Finance lending protocol has recently taken significant steps to address the vulnerabilities and exploits it faced in July. In response to the July 30 Curve exploit and the July 6 Multichain exploit, the protocol has terminated governance token rewards for certain liquidity pools. This decision was made public on August 2 by a member of the protocol’s governing body, Gabriel Shapiro. The termination of rewards was carried out by the Curve Emergency…

  Article 2023年8月3日

• Legal setbacks and lawsuit shake FTX as founder’s defense strategy is thwarted

  TL;DR Breakdown FTX co-founder denied access to documents from Fenwick & West in federal fraud case defense. FTX files lawsuit to reclaim over $700 million from investment firms. Description Sam Bankman-Fried has been denied his request to obtain documents from Silicon Valley law firm Fenwick & West LLP as part of his defense strategy in his federal fraud case, according to a court order from Friday. Bankman-Fried had sought these documents to support his claim that he relied on legal advice while engaging in … Read more Sam Bankman-Fried has been denied his request to obtain documents from Silicon Valley law firm Fenwick & West LLP as part of his defense strategy in his federal fraud case, according to a court order from Friday. Bankman-Fried had sought these documents to support his claim that he relied on legal advice while engaging in the activities for which he is currently facing prosecution. Bankman-Fried’s legal team approached U.S. District Judge Lewis Kaplan, who oversees the case, urging the prosecution to hand over the documents obtained from Fenwick & West or to allow…

  Article 2023年6月26日

• Terraform Labs Seeks Access to FTX Wallets in Fraud Case Defense

  TL;DR Breakdown Terraform Labs faces fraud allegations by the SEC for an unregistered securities offering involving TerraUSD and Luna tokens. The company seeks access to FTX wallets through subpoenas to find evidence of short sellers’ involvement and defend against the collapse of its stablecoins. Description Terraform Labs, the blockchain company at the center of an ongoing fraud case brought forth by the U.S. Securities and Exchange Commission (SEC), is making headlines once again for its unconventional defense strategy. Seeking to counter the SEC’s allegations of conducting an unregistered securities offering through the issuance of TerraUSD and Luna tokens, Terraform Labs … Read more Terraform Labs, the blockchain company at the center of an ongoing fraud case brought forth by the U.S. Securities and Exchange Commission (SEC), is making headlines once again for its unconventional defense strategy. Seeking to counter the SEC’s allegations of conducting an unregistered securities offering through the issuance of TerraUSD and Luna tokens, Terraform Labs has set its sights on accessing crucial information from the now-bankrupt FTX crypto exchange. Contents hide 1 Terraform Labs Requests Subpoena of…

  Article 2023年7月21日

• FCA issues warning to unregistered crypto firms on new promotions regime

  TL;DR Breakdown The UK’s Financial Conduct Authority has warned unregistered crypto firms. Despite extensive efforts by the FCA, only 24 out of over 150 firms responded to a survey. The FCA has also outlined expectations for businesses supporting unregistered crypto asset firms.   Description The UK’s Financial Conduct Authority (FCA) has warned unregistered crypto firms sternly, highlighting their apparent lack of engagement with the impending financial promotions regime. The regulatory body expressed significant concerns, particularly regarding overseas crypto asset firms catering to UK customers who would prefer to interact with the FCA. The FCA revealed that, despite rigorous efforts, … Read more The UK’s Financial Conduct Authority (FCA) has warned unregistered crypto firms sternly, highlighting their apparent lack of engagement with the impending financial promotions regime. The regulatory body expressed significant concerns, particularly regarding overseas crypto asset firms catering to UK customers who would prefer to interact with the FCA. The FCA revealed that, despite rigorous efforts, a mere 24 firms responded to a survey dispatched to over 150 firms. This lack of engagement raises serious questions about the readiness…

  Article 2023年9月22日

• What the U.S. commerce chief is talking about with China

  Description The latest buzz in international politics centers around the U.S. Commerce Secretary Gina Raimondo’s recent trip to Beijing. Intending to bridge the widening gaps between the two economic behemoths, Raimondo’s mission could be summarized as: “Defend the non-negotiable, foster growth where possible.” As she ventured into China’s heartland, she carried with her an agenda grounded … Read more The latest buzz in international politics centers around the U.S. Commerce Secretary Gina Raimondo’s recent trip to Beijing. Intending to bridge the widening gaps between the two economic behemoths, Raimondo’s mission could be summarized as: “Defend the non-negotiable, foster growth where possible.” As she ventured into China’s heartland, she carried with her an agenda grounded in practicality and devoid of naivety. Walking a Diplomatic Tightrope Raimondo’s diplomatic dance isn’t just about shaking hands and making empty promises. The U.S. is toeing a hard line, challenging China’s restrictions on prominent chip company Micron Technology and raising eyebrows over Beijing’s hefty fines on U.S. firm Mintz Group for what has been labeled as “unapproved statistical work.” Upon her arrival, Raimondo was welcomed by…

  Article 2023年8月28日