Terraform Labs may close products, services in bankruptcy wind-down

Get it before Oct. 30, Terraform Labs tells the third parties it is discussion its wind-down with.

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Amber Group calls for transparency after ZKX shutdown

The ZKX shutdown highlights the importance of transparency and accountability in cryptocurrency projects.

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WazirX hacker funnels $149M, Hamster Kombat users face phishing attacks: Finance Redefined

This week, hackers staged the second-largest crypto hack of 2024, stealing over $230 million, while other malicious actors are targeting Hamster Kombat players.

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Bitcoin SVs Twetch considers open-sourcing after shutdown

Web3 social media platform Twetch, a competitor of X running on the Bitcoin SV blockchain, shut down operations on June 6.

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Vitalik Buterin-backed Nocturne protocol shuts down operations overnight

The announcement comes despite Nocturne raising $6 million in a funding round in October 2023.

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Gala Games to Officially Discontinue Popular NFT Game

Gala Games shuts down The Walking Dead: Empires NFT game by 2025, offering vault boxes as compensation.

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Hong Kong crypto exchange folds to regulatory pressure

Gate.HK plans a major overhaul to comply with regulations and aims to relaunch services after obtaining the necessary licenses.

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Notorious Pink Drainer retires after hitting $85M theft milestone

Pink Drainer, infamous for aiding in crypto thefts, shut down operations after amassing over $85 million in stolen assets.

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Market Downturn: ByBit Halts Operations of its NFT Platform, Inscription Marketplace

Inscription Marketplace, the NFT marketplace owned by the Bybit platform, has been shut down. Bybit is one of several companies exiting the NFT space after the value of these digital collectibles has decreased significantly.

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Bybit closes down additional Web3 services following NFT marketplace shutdown

Bybit Halts Operations of Four Additional Services Following Closure of NFT Exchange In the wake of the closure of its NFT exchange, Bybit has made the decision to shut down four more services. The popular crypto trading platform announced that it would be discontinuing these services to focus on other areas of its business. Bybit, [...]

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Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance

Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing investigation. Digital Asset Exchange Making Millions in Turnover Closed Down in Kazakhstan A platform illegally trading cryptocurrencies in Kazakhstan, ABS [...]

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Blackrock CEO Warns More Bank Seizures and Shutdowns Could Result From Regulatory Changes

The CEO of Blackrock, the world’s largest asset manager, has warned about additional bank seizures and shutdowns that could result from regulatory changes in response to the failures of several major banks in the U.S. “It does seem inevitable that some banks will now need to pull back on lending to shore up their balance [...]

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International Operation Takes Down Crypto Mixer Chipmixer — Creator Could Face 40 Years in Prison

An international operation has taken down Chipmixer, a cryptocurrency mixing service that allegedly laundered more than $3 billion worth of cryptocurrency, according to the U.S. Department of Justice (DOJ). The operation involved national authorities in the U.S., Germany, Belgium, Poland, and Switzerland — with Europol’s support. International Operation Takes Down Chipmixer The U.S. Department of [...]

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Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply

The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley Bank (SVB) and Signature Bank (SNBY), this week, with bids due by March 17. However, sources familiar with the matter said the qualifications to purchase the banks are stringent, and reportedly, the purchasers cannot deal [...]

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Nigerian Crypto Startup Lazerpay to Shut Down Operations

Lazerpay, a Nigerian crypto and Web3 company, announced its shutdown due to a lack of funding. Founder Emmanuel Njoku emphasized the impact Lazerpay had in the crypto ecosystem and recommended users withdraw their funds by April 30. The company is also inviting offers to purchase its intellectual property. (Read More)

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Signature Bank Closure Has Nothing to Do With Crypto, Says Regulator

The decision to close down Signature Bank had “nothing to do with crypto,” said the New York State Department of Financial Services, the regulator that took possession of the troubled bank on Sunday. The financial watchdog insisted that its decision to put Signature Bank in receivership “was based on the current status of the bank [...]

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Australian fintech landscape shrinks, blockchain, crypto take 14% hit

More than 7% of Australian fintechs closed in 2024, with blockchain firms leading the decline, a KPMG report revealed.

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Thailand eyes spot Bitcoin ETF approval, cracks down on Polymarket

Thailands SEC is reviewing spot Bitcoin ETF listings and stablecoin proposals, while the government is cracking down on Polymarket for alleged illegal gambling activities.

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Bittrex to Shut Down U.S. Platform

Bittrex will close its U.S. platform on April 30, citing the current regulatory and economic environment. Customer funds are safe and available for withdrawal. The shutdown will not affect Bittrex Global, which will remain open for trading. (Read More)

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