The cryptoassets were stolen on June 23 from Horizon Bridge, a service operated by the Harmony blockchain that allows assets to be transferred to other blockchains.
Crypto broker Voyager Digital issued Singapore-based Three Arrows with a default notice on Monday after it failed to make payments on a $670m loan
Compass Mining, a provider of crypto mining gear, announced that two of its key executives have resigned. It has also disputed a debt claim by coin miner Dynamics.
The sudden plunge in crypto values, which started in May amid a broader economic slowdown, complicates Pyongyang's ability to fund its weapons programmes
Recent crypto chaos proof that Beijing’s ban on cryptocurrency trading was justified, says Chinese state-run newspaper The Economic Daily
Three Arrows Capital (3AC) – a prominent hedge fund based in Singapore that deals in crypto – has defaulted on a loan worth more than $670 million, broker Voyager Digital says
The number of coins miners are transferring to exchanges has climbed steadily from June 7, researchers said, in a sign that 'miners are increasingly liquidating their coins on exchanges'
Energy consumption on the bitcoin blockchain network has declined by up to 35% amid a meltdown in the value of the cryptocurrency, Mint reported, citing trackers of crypto energy usage
Moody's placed its ratings on review for further downgrades, saying Thursday's move "reflects Coinbase’s substantially weaker revenue and cashflow generation"
Coinflex chief executive Mark Lamb blamed "extreme market conditions" for the move. The Seychelles-based company said it was prompted by "continued uncertainty involving a counterparty"
Tether briefly dropped to $0.993 although it quickly regained parity with the dollar. But investors continue to pull money out of stablecoins and several have lost their pegs to underlying assets.