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GameFi Project Gala Files $28M Lawsuit Against pNetwork
On March 20, GameFi project Gala Games announced its recent lawsuit against pNetwork, the cross-chain interoperability bridge used by Gala on the BNB Smart Chain. Gala Games exploited after unauthorized wallet addresses minted over $2 billion in GALAHerman HayesFDIC sells Signature Bank deposits to Flagstar, excluding cryptocurrencies
Just a week after the collapse, deposits and loans at Signature Bank will be sold to Flagstar Bank, a subsidiary of New York’s community bank — but cryptocurrency-related deposits will not be part of the deal.Herman HayesUBS agrees to $3.25B 'emergency rescue' to Credit Suisse
UBS has agreed to buy its struggling rival Credit Suisse for $3.25 billion on March 19 as part of an "emergency decree" to prevent financial market instability.Herman Hayes1 Year After $11M LUNC Stake: Do Kwon Wanted, Funds Paid, Hedge Stays at FTX
About a year ago, on March 14, 2022, cryptocurrency trader GiganticRebirth (GCR) invited Do Kwon, co-founder and then-CEO of Terraform Labs,Seth RowdenSBF's inner circle received $3.2B, mostly from Alameda
Former top executives of FTX and Alameda Research received $3.2 billion in payments and loans from FTX-related entitiesSeth RowdenOrca DEX Blocks US Users from Trading Using Its Interface
Solana-based decentralized exchange (DEX) Orca will block all U.S.-based users from trading using its web interface starting March 31, according to a notice posted on its official website on March 16.Herman HayesPost-Ethereum Merge: Grayscale Extends Review of ETHPoW Decisions
Cryptocurrency investment firm Grayscale Investments is taking more time to decide whether it should acquire and sell ethereum tokens that were forked after the merge.Herman HayesEthereum core developers set for Shanghai hard fork on April 12
The target date for the much-anticipated Ethereum Shanghai hard fork has now been confirmed: April 12.Seth RowdenBitGo Patches Critical Vulnerability First Discovered by Fireblocks
Cryptocurrency wallet BitGo has patched a critical vulnerability that could have exposed the private keys of retail and institutional users.Seth RowdenPolygon Labs Partners with Unstoppable Domains to Launch Top-Level Domains
Polygon has partnered with Unstoppable Domains to introduce the ability to create Web3 "polygon" domain names.Herman HayesCrypto investment products see biggest outflows on record amid SVB collapse
Cryptocurrency investment products lost 10% of assets under management last week as institutional investors rushed to exit amid the latest wave of market volatility sparked by the collapse of Silvergate and Silicon Valley banks.Herman HayesBinance to lose its GBP on-ramp provider in 9 weeks
Binance is scrambling to find a new service partner to process GBP transfers on its trading platform after its current partner, Skrill Limited, announced that it will soon stop providing services to cryptocurrency exchanges.Herman HayesEuler Finance Hacked Over $195 Million in Flash Loan Attack
Ethereum-based non-custodial lending protocol Eurler finance faced flash loan attack on March 13, attackers managed to steal millions of Dai, USDC, Collateralized Ether (StETH) and Wrapped Bitcoin (WBTC).Seth RowdenHSBC buys UK unit of Silicon Valley Bank for £1
Global banking giant HSBC is set to rescue the UK branch of failed Silicon Valley Bank with a new takeover.Herman HayesCircle Selects Cross River as Banking Partner, Expanding Ties with BNY Mellon
Circle revealed that Cross River Bank best known for its services to fintech and crypto companies such as Visa and Coinbase is now its new merchant banking partner to produce and exchange USDC.Herman HayesAave DAO votes for 'rescue plan' to save lost tokens
Some Aave users who accidentally sent tokens to the wrong address may soon be able to get them back, according to the text of a proposal passed by the Aave decentralized autonomous organization (DAO) on March 10.Seth RowdenMakerDAO Submits Urgent Proposal to Address 3.1B USDC Exposure
According to a forum post by MakerDAO, the issuer of the U.S. dollar-pegged Dai (DAI) stablecoin, the firm requested “urgent implementation of proposals to mitigate risks to the protocol” on March 11.Seth RowdenAavegotchi bonding curve closes on exact date of DAI depeg
According to Aavegotchi, the game-earning non-fungible token (NFT) protocol, the entity closed the bonding curve defining the exchange rate between its Aavegotchi (GHST) token and Da on March 11Seth RowdenFailed Tech Bank SVB Holds Over $5B for Prominent Crypto VC
Prominent blockchain venture capitalists (VCs) held assets worth more than $6 billion in the now-defunct financial entity, according to a report that began circulating on March 11 following the collapse of Silicon Valley Bank (SVB).Seth RowdenAave freezes stablecoin transactions on Avalanche V3 as CEX activity surges
Lending protocol Aave has frozen stablecoin transactions and set loan-to-value ratio (LTV) to zero in response to recent price volatility of stablecoins after USDC, Decoupling on March 11.Seth Rowden
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