NEWS | Goblin Crypto

Harmony Network Loses $100 Million to Hackers; Says FBI is Investigating

06/24/2022 1:00 am 06/24/2022 5:23 pm

The FBI is investigating after hackers absconded with $100 million from the Harmony Protocol’s Horizon bridge, project developers announced late Thursday. “The Harmony team has identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM,” the team wrote in an announcement posted on Twitter. “We have begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds.” They shared the hacker’s Etherscan address in a …

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Solend Votes to Liquidate Account’s Nearly $300 Million Position After User Disappears

06/19/2022 5:00 pm 07/25/2022 5:26 am

Users of the Solana Protocol “Solend” voted Sunday to take over the platform’s largest account in order to liquidate its position , claiming that inaction could cause “chaos.” The account at the center of the controversy deposited 5.7 million Solana (SOL) on the platform — worth $170 million as of Sunday — as collateral for a $108 million loan, taken in the form of USDC and USDT. The position accounted for 95 percent of SOL …

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Delta Exchange Abruptly Shuts Down Options Trading; Tells Traders to Close Their Positions or Get Locked in

06/17/2022 5:30 pm 07/03/2022 9:43 pm

Delta Exchange abruptly shut down options trading on Friday, citing future “maintenance” and telling users to close their open positions or risk getting locked in for an eight-hour period on Sunday. The unannounced shutdown took place around 5 p.m. Eastern. Users were prevented from placing new orders for options on the platform, but could still close — or sell — their open positions at prices set by the exchange. An administrator in the company’s Telegram …

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BlockFi CEO Admits Liquidating 3AC, Insists Customer Money is Safe as Investors Start Pulling Funds

06/16/2022 4:30 pm 07/03/2022 9:42 pm

BlockFi CEO Zac Prince disclosed Thursday that his company had liquidated an outstanding loan held by Three Arrows Capital (3AC). Prince’s statement, made in a series of messages on Twitter, came after customers began racing this week to withdraw their funds amid rumors that the company’s financial stability was waning. The Singapore-based 3AC is facing insolvency as a result of an options trade betting that bitcoin’s price would rise. Instead, its price fell the last ten days …

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Celsius Hires Citigroup; Seeks to Survive a Margin Call When Bitcoin Hits $15,100

06/15/2022 7:00 pm 08/28/2022 8:45 pm

The Celsius Network has reportedly retained Citigroup to assist with its restructuring as the company stares down prospective bankruptcy. The company has retained Citigroup in an “advisory capacity,” a source told The Block. However, the source added, “It’s not like Citi is going to give Celsius money out of their balance sheet.” Restructuring is a way to renegotiate debts without declaring bankruptcy. Celsius froze its customers’ funds on Sunday, citing “extreme market conditions,” and has …

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