Cypto

WazirX customers unlikely to recover full funds after $230M heist

Customers of WazirX, the Indian cryptocurrency exchange that suffered a $234 million hack in July, are unlikely to recover their funds in full through the ongoing restructuring process, a company legal adviser said on Monday. George Gwee, a director at restructuring firm Kroll working with WazirX, said that at least 43% of the money any […]

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Former a16z VC Balaji Srinivasan obtained a private island for his new longevity ‘technocapitalist’ school

Depending on your thoughts on the intersection of crypto and Silicon Valley’s libertarians, this is either a dream idea or an odd one: former a16z-investor Balaji Srinivasan has booked out an island in Singapore to create his own “Network School.” This is where he’ll run programs on crypto, longevity and what it takes to establish “a technocapitalist

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Binance restarts services in India after seven-month regulatory halt

Binance, the world’s largest cryptocurrency exchange, has resumed operations for users in India after a seven-month hiatus imposed by a local authority for operating “illegally” in the country. The exchange said Thursday it has registered as a reporting entity with India’s Financial Intelligence Unit (FIU), a government agency tasked with scrutinizing financial transactions. India blocked

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Terraform Labs co-founder and crypto fugitive, Do Kwon, set for extradition to South Korea

The Appellate Court of Montenegro ruled on Thursday that Terraform Labs co-founder, Do Kwon, should be returned to his home country, South Korea. The ruling confirmed an earlier decision in April from the High Court of Podgorica which rejected a request to extradite the crypto fugitive to the U.S. The extradition date for Kwon to

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The SEC has charged an a16z and Sequoia-backed crypto startup founder with fraud 

The founder of once-hyped crypto startup BitClout is facing trouble. On Tuesday, the SEC charged BitClout founder Nader Al-Naji with fraud and unregistered offering of securities, claiming he used a pseudonymous identity to avoid regulatory scrutiny while he raised over $257 million in cryptocurrency.  BitClout, a decentralized social media platform, raised from a who’s-who of

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WazirX to ‘socialize’ $230 million security breach loss among customers

Indian cryptocurrency exchange WazirX announced on Saturday a controversial plan to “socialize” the $230 million loss from its recent security breach among all its customers, a move that has sent shockwaves through the local crypto community. The Mumbai-based firm, which suspended all trading activities on its platform last week following the cyber attack that compromised

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Ledger launches Ledger Flex, a mid-range hardware crypto wallet

Ledger, a French startup mostly known for its secure crypto hardware wallets, has launched a new mid-range device, the Ledger Flex. Available now, priced at $249, the dinky hardware wallet features an E-Ink display to navigate the interface and approve transactions with a tap. Like all of Ledger’s wallets, the Ledger Flex is built around

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