Investors in Logan Paul’s troubled NFT gaming project CryptoZoo are reportedly still waiting for any specific details on the 1000 Ether (ETH) refund (worth $1.93 million at current prices) that was promised back in January. In a YouTube video posted on June 30, “internet detective” Coffezilla — the person who initially brought the project’s issues to light in December 2022…
Approximately $215 million of stolen assets have since been recovered. Source: https://cointelegraph.com/app/public/index.php/news/656m-lost-from-crypto-hacks-scams-and-rug-pulls-in-h12023-report
The Federal Reserve’s upcoming instant payment system, FedNow, released its list of certified “early adopters” on June 29. The organizations on the list have been certified as ready to connect with the platform when it launches in late July. No blockchain networks are on the list, despite at least two having previously announced that they would connect to the instant…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Six months ago, YouTuber Logan Paul faced significant controversy for allegedly scamming his audience with an NFT game project called CryptoZoo, which was announced in 2021. Paul and his team sold NFTs and released a ZOO token—but the game never materialized. After facing criticism from YouTube investigators like Stephen…
Bitcoin Depot, one of the largest cryptocurrency ATM firms in the United States, has announced the closing of a merger deal allowing the company to go public. In a June 30 announcement, fintech firm GSR II Meteora Acquisition Corporation said its stockholders had approved the merger for the firm to act as a special purpose acquisition company for Bitcoin Depot.…
Legend of Arcadia Executive Producer Andy Lee tells Decrypt’s Kate Irwin about the game and why they switched from EVM to new protocol Sui. Source: https://decrypt.co/videos/live-events/H6JSRJIk/why-legend-of-arcardia-chose-sui-over-evm-chains
June was a tough month for Binance, as it faced stress tests worldwide after the United States Securities and Exchange Commission (SEC) filed a lawsuit against the crypto exchange and its leadership. In a nutshell, over the past 30 days, the Belgian financial regulator ordered Binance to cease all crypto services, the exchange failed to obtain a license in the…
Approximately $215 million of stolen assets have since been recovered. Source: https://cointelegraph.com/public/index.php/news/656m-lost-from-crypto-hacks-scams-and-rug-pulls-in-h12023-report
The firm allegedly denied having any exposure to troubled sister lending firm Haru Invest before suspending transfers earlier this month. Source: https://cointelegraph.com/public/index.php/news/south-korean-crypto-lending-firm-delio-under-investigation-by-regulators
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The second quarter of 2023 saw over $208 million exploited and hacked from DeFi protocols, and with just $4.5 million of funds recovered, total losses to exploits were over $204 million. The…
