Trillions of Dollars!
An investing rule of thumb like "if anyone pitching an investment ever uses the word 'trillion,' hang up" would probably serve most people reasonably well. Bloomberg's Matt Levine takes a close look at a wild scam. [ungated] [CW: crypto]
The Metaverse Could Be Better Than The Best Internet Game—Or Simply A Security Pipe Dream
The jury is still out on what the metaverse could be.
Crypto investments hit a 2-year low at the end of 2022
In 2022 venture capital investments into crypto startups fell dramatically between the first and second half of the year according to an end of year report...
New York AG sues former Celsius CEO Alex Mashinsky for defrauding investors
Alex Mashinsky, former CEO of the bankrupt crypto lender Celsius Network, is facing a new lawsuit from accusing him of defrauding investors in New York.
Marex Solutions Issues Coinbase-Linked Structured Product Offering a 40% Coupon
Many investors expect the crypto exchange to gain market share in the wake of rival FTX's collapse and prefer to express their view via structured products...
Crypto losses in 2022 dropped 51% year on year to $4B
Crypto losses are defined as a combination of hacks and alleged fraud incidents, Adrian Hetman, tech lead of the triaging team at Immunefi, previously told...
Three Arrows Capital Liquidators Demand Documents Via Twitter
(Bloomberg) -- Three Arrows Capital Co-Founders Su Zhu and Kyle Davies have received formal demands for information related to the downfall of their crypto...
Genesis slashes 30% of its staff as the embattled crypto firm's lending arm faces a liquidity crisis
Genesis' lending arm halted customer withdrawals in November after cryptocurrency exchange FTX filed for bankruptcy protection.
Web3 ecosystem lost $3.1 billion to crypto fraud in 2022
An Immunefi report finds that $3.1 billion in crypto was lost across the Web3 ecosystem in 2022 due to hacks and scams.
Billionaire Mark Cuban warns the next crypto implosion could come from 'wash trades,' report says
"There are supposedly tens of millions of dollars in trades and liquidity for tokens that have very little utilization," Mark Cuban told The Street.
$465 Million of Robinhood Shares Linked to FTX's Sam Bankman-Fried Are in Question — What Now?
Bankman-Fried and FTX co-founder Gary Wang borrowed more than half a billion dollars to purchase a nearly 7.6% stake in the stock-trading app.
Former CEO of crypto firm Celsius sued in New York over alleged fraud
The lawsuit alleges that the former crypto executive defrauded hundreds of thousands of investors while leading Celsius.
