— HTX, Justin Sun
Justin Sun stored USDD reserves at HTX for proof-of-reserves
HTX has been including 'collateral' for the USDD algorithmic stablecoin in its reports, raising concerns about solvency.
Bennett Tomlin
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— TrueUSD
TrueUSD attestations paused again, this time for improper ‘balances’
TrueUSD, a dollar-pegged stablecoin connected to Justin Sun, have paused its attestations, citing a 'balances' issue.
Elon Musk promised to fund Dogecoin, now the foundation accounts are overdue
Despite Elon Musk's vocal support, Dogecoin's development efforts have been slow and the foundation now is at risk of dissolution.
BitMEX’s bitcoin moon mission could be lost in space after fuel leak
BitMEX paid to place a bitcoin on the Astrobotic flight to the moon, which is also carrying cremated human remains of Star Trek cast members.
— Himalaya Exchange, Ho Wan Kwok
Chinese billionaire behind Himalaya Exchange indicted for $1B scheme
Ho Wan Kwok, founder of the Himalaya Exchange project, has been indicted under RICO for a $1 billion fraud and money laundering scheme.
Blockfolio and Celsius PPP loans forgiven before bankruptcy
Several crypto firms including Alameda Research, Blockfolio, Celsius, and Voyager received PPP loans during the pandemic.
Tether founder Brock Pierce defaults, loses hotel, sues partner
Brock Pierce has sued his business partner Joseph Lipsey III alleging that he manufactured a default to "steal" the W Resort.
US-based stablecoins suffered in 2023 as key players battle it out
At the end of 2023, algorithmic stablecoins are out, US-based stablecoins are shrinking, and international ones like Tether are exploding.
Duke Roger Ver becomes finance minister for Joseon
Roger Ver and Mark Karpelès have been named dukes and ministers for the defunct Korean kingdom of Joseon, now a 'cyber nation-state.'
— Floor Protocol, Flooring Lab
Floor Protocol exploited, Bored Apes and Pudgy Penguins gone
Popular NFTs have been stolen from Floor Protocol. The suspected vulnerability was part of an upgrade that's missing an audit.