
$36 million Upbit hack revives the quiet truth about hot-wallet ‘insurance’
When Upbit detected unauthorized withdrawals of roughly $36 million in Solana tokens from a hot wallet on Nov. 27, CEO Oh Kyung-seok went on record...

FTX co-founder says SBF fabricated data on the exchange’s insurance fund
FTX co-founder Gary Wang has testified in the ongoing Sam Bankman-fried lawsuit and revealed that the insurance fund amount released by FTX was fal...

First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B
According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Tr...