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Gemini withdrew $282 mln from Genesis months before latter’s bankruptcy

contributor Posted: September 28, 2023 The assets withdrawn were used to build a reserve so that Gemini Earn customers could get immediate redemptions. Gemini, Genesis and the latter’s parent company, DCG, have been embroiled in a legal settlement matter for months now. Crypto exchange Gemini “secretly” withdrew $282 million in crypto from crypto lender Genesis […]

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FTX files lawsuit against SBF’s parents, allege $30 mln deception

Bankman and Fried allegedly used their insider status within FTX to amass personal wealth. FTX has asserted claims for fraudulent transfer, breach of fiduciary duty, unjust enrichment, and other causes of action. FTX has filed a lawsuit against the parents of its founder, Sam Bankman-Fried [SBF]. On 18 September, the exchange lodged a complaint against Allan Bankman

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Curve Finance offers 1.85 mln bounty to recover stolen crypto funds

The DeFi hack worth $73 million occurred across different Curve Finance pools on 30 July. The hacker has returned stolen funds only to a few pools. $19 million in assets still remain unrecovered. DeFi protocol Curve Finance has offered a bounty of $1.85 million to anyone who can identify the exploiter responsible for the recent

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