8/17/2023 0 Comments Safemoon token![]() > The renewed suspension of Binance.US's acquisition of the assets has once again been put on hold, following a US federal court's decision to give the US government more time to review the legality of the deal. > Voyager's holdings of altcoins such as Shiba Inu and Ethereum are still significant, although it has been selling its assets since February. > The bankrupt crypto lender had received $610 million worth of USDC last month, of which Voyager has now sent $150 million dollars to Circle to eventually redeem for US dollars, according to on-chain analytics service Lookonchain. VoyagerVoyager Digital Begins Cashing Out $610M Worth of USDC Flushed into Bankrupt Crypto Lender’s CoffersVoyager Digital has reportedly started cashing out US dollars from the sale of Shiba Inu, Ether, and the Voyager Token. > FTX filed for bankruptcy in November 2022 and is currently under the management of restructuring expert John J. 27, has been postponed indefinitely without explanation. > The bankrupt crypto exchange has also asked for a delay on the sale of its stock-clearing business, Embed, which was intended to generate funds for outstanding creditors. ![]() > The sale to Al Nawwar Investments RSC Limited satisfies the restrictions set by US bankruptcy law, said Judge John Dorsey, in response to FTX's request for a declaration on March 8. Details here.įTXFTX's Asset Sale to Abu Dhabi Approved for $45 Million by Delaware Bankruptcy JudgeAccording to a court filing on Tuesday, a Delaware bankruptcy judge has given the go-ahead for Abu Dhabi's investment arm to acquire FTX's assets in Sequoia Capital Fund for $45 million. > However, the recent attack has raised concerns about the token's security and its vulnerability to such attacks. > Safemoon is known for its unique features, including fee reflection, LP acquisition, token burn, and growth fund, which contributed to its success during the 2021 bull market. > As a result, the value of SFM tokens plummeted over 40% in early Asian hours before slightly recovering. > According to blockchain data, the attackers exchanged several tokens in a single transaction, ultimately stealing billions of Safemoon's SFM tokens locked in the LP. > The attack was reportedly carried out by manipulating a faulty feature on the token's smart contracts. SafemoonSafemoon Token Liquidity Pool Drained $9 Million in Smart Contract AttackSafemoon, a decentralized finance (DeFi) token, suffered a massive blow on Wednesday when attackers drained its liquidity pool of nearly $9 million worth of tokens. > The surge has been attributed to expectations that central banks, led by the Federal Reserve (Fed), will abandon aggressive rate increases in response to recession signals. > Bitcoin's resurgence has surpassed that of the second-largest cryptocurrency by market value, Ether, which is on track for a 50% quarterly gain, as well as gold, which added over 7%, and Nasdaq, which rallied 15%. > This rally comes after some experts speculated that Bitcoin could fall as low as $12,000 this quarter, given its 76% decline in valuation since November 2021. > The cryptocurrency has risen by almost 72%, hitting $28,500, and has a market value of $542 billion. ![]() Continue reading.īinanceBitcoin Rebounds with a Bang in 2023, Surging by 72% and Marking its Best Quarterly Gain in Two YearsBitcoin (BTC) has surged in the first quarter of 2023, experiencing its best quarterly gain in two years, according to CoinDesk data. Karry Cheung will replace incumbent BitKeep CEO, Kevin Como. > BitKeep will have access to Bitget’s $300 million Bitget User Protection Fund in the event of future security threats. > BitKeep also revealed that it would rebrand to Bitget Wallet after receiving a $30 million investment from the cryptocurrency derivatives exchange. > The multichain wallet reimbursed 11,090 wallets affected by the incident as of March 29, and its customer service channels remain open to processing several “irregular” claims and appeals. Android Package Kit (APK) exploit that resulted in an estimated $8 million loss of funds from users who downloaded the malware. Big StoryBitKeep Compensates Users Affected by $8 Million Hack, Rebrands to Bitget WalletOn March 29, BitKeep announced that it had fully compensated users affected by the 7.2.9.
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