Once the bridge reopens on June 28, users will be able to withdraw one ETH for each one they possessed before the attack.
It's unclear what level of responsibility crypto lenders have over users' funds.
The company plans to use the funding to expand its flagship product to provide liquidity fund management services to cryptocurrency issuers.
Ether has rebounded by nearly 40% in the last six days despite persistent "bull trap" risks
“We didn’t make money, but we definitely made new friends," said Lavar Sanders, who originally purchased the Bitcoin in 2016.
The meltdown in the crypto markets continues to take victims, as this week has brought more news of firms staring down the barrel of insolvencies. The cascading distress highlights just how insular and tangled a web the whole cryptocurrency space currently is. To illustrate this, a simple look at Three Arrows Capital (3AC) is all […]
It was fun, it was cringe – in short, the premier NFT conference was again itself.
There’s a real risk of a knee-jerk response to the latest fallout. There are also many open-minded people in government. The industry must work with them.
Published by ValueWalk A week of consolidation in stock markets after last week’s rout, with Europe looking to end the week with small gains. It hasn’t been the blockbuster week that last was. But that’s only natural, last week we had a wrath of big central bank meetings and rate announcements. This week, policymakers have […]
FTX previously extended a $250 million emergency line of credit to the struggling crypto lender earlier this week.