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Exploit Forces Crema Finance to Temporarily Suspend Services, $8.7 Million Stolen

Coins Legend July 3, 2022 0

According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million from the attack. Crema Finance Vulnerability Causes Defi App to Lose Millions — 6 Flashloans

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Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship

Coins Legend June 15, 2022 0

Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hiring restructuring lawyers. Basically, hiring restructuring and insolvency attorneys is one of the first stages of fixing a company’s financial hardship by essentially attempting

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Sanctions Motivate Russia to Create Own Crypto Market Infrastructure, Finance Ministry Says

Coins Legend April 2, 2022 0

With sanctions cutting off Russia from global finances, Moscow’s motivation to establish a domestic market infrastructure for digital assets grows, a top official at the Russian finance ministry has noted. The comment comes as Russians are losing access to foreign crypto platforms. Russia Recognizes Need for Local Crypto Assets Market Amid expanding international sanctions

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