Web3 is going just great [English] - Genesis files for bankruptcy
- 28 janvier -
The Genesis cryptocurrency lending platform filed for bankruptcy, following weeks of turmoil after the FTX collapse. Genesis halted withdrawals shortly after FTX's failure, and shortly afterwards warned of possible bankruptcy if they couldn't raise at least $1 billion in new capital. The past few months have also featured a public conflict between Genesis, along with its parent company DCG and DCG's CEO and founder Barry Silbert, and the Winklevoss twins behind the Gemini crypto exchange.
It remains to be seen what the impact of a Genesis bankruptcy may have on its parent company, Digital Currency Group (DCG). DCG owes Genesis more than $1.65 billion, according to bankruptcy filings, including a $1.1 billion promissory note created to absorb Genesis losses in the Three Arrows Capital collapse.
- "Genesis, a Crypto Lending Firm, Files for Bankruptcy" , The New York Times
par Molly White
Web3 is going just great [English]
A timeline recording only some of the many disasters happening in crypto, decentralized finance, NFTs, and other blockchain-based projects.
Bitcoiner spends $3 million on transaction fee- 25 novembre -
A Bitcoiner making a large transaction ended up spending 83.64 BTC (~$3 million) of the 139.42 BTC (~$5.1 million) transaction on transaction (...)
KyberSwap hacked for $48 million
- 25 novembre -
The KyberSwap decentralized exchange was hacked by an attacker who stole large sums of ETH, wETH, and the USDC stablecoin. Altogether, the assets (...)
HTX (fka Huobi) and Heco Chain hacked for $115 million
- 25 novembre -
Justin Sun confirmed that HTX (formerly Huobi) and its related Heco Chain protocol were hacked for a combined $115 million. It's been a rough few (...)
Binance fined over $4 billion, founder pleads guilty and resigns
- 25 novembre -
Binance founder Changpeng "CZ" Zhao pleaded guilty to money laundering charges and agreed to step down as CEO of Binance, the largest global (...)
Bittrex finally closes up for good
- 25 novembre -
After paying a then-record $29 million fine for sanctions violations in October 2022, shutting down US operations in March 2023, filing for (...)