NEWS | Goblin Crypto

KuCoin CEO Denies Rumors that Exchange Will Declare Insolvency, Freeze User Withdrawals

07/01/2022 8:30 pm 07/17/2022 2:05 am

Rumors began circulating on Friday that Seychelles-based cryptocurrency exchange KuCoin would be the next to declare insolvency and seize its users’ funds. The rumors began with a user named “BuckleUpBrandon,” who wrote in an early afternoon tweet, “I am hearing rumors that KuCoin is about to halt withdrawals in the near future.” Another user, “DeFifrog,” also wrote in a since-deleted tweet, “Just got credible info KuCoin is insolvent.” The announcements prompted a cascade of similar …

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Binance CEO Says 50+ Companies Are Privately Asking Him for Bailouts

07/01/2022 3:00 pm 07/01/2022 8:12 pm

Binance CEO Changpeng Zhao said Friday he was privately speaking with more than four dozen crypto companies that had asked him for financial assistance. “We don’t want to bail out companies that are mismanaged,” Zhao said in an interview with Blockworks. “We do want to help the majority of the companies that have a little bit of a liquidity crunch to go through this cycle. We’re talking to 50-plus of them.” However, he added, “Not all projects …

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CoinFLEX Misses Deadline to Enable Withdrawals, CEO Says ‘We Don’t Know What’s Going to Happen’ if Roger Ver ‘Doesn’t Repay’ $47 Million Debt

06/30/2022 2:00 pm 07/04/2022 10:36 pm

The embattled CoinFLEX exchange missed a self-imposed deadline on Thursday for reenabling user withdrawals, one day after CEO Mark Lamb expressed uncertainty about the company’s future “We continue to talk with investors interested in rvUSD and commitments are growing,” the company said in a Thursday blog post. “Once the token sale is fully committed, we will be able to communicate a clear path towards enabling withdrawals, but until then they will remain suspended. “The goal is …

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Justice Department Indicts 6 Defendants in 4 Crypto Fraud Cases

06/30/2022 7:00 pm 07/03/2022 5:06 am

The Justice Department announced Thursday that it had charged six defendants in four cases related to cryptocurrency fraud— including one that involved a “rug pull,” two that involved lying to investors, and one Ponzi scheme. “These indictments reflect our deep commitment to prosecuting individuals involved in cryptocurrency fraud and market manipulation,” Assistant Attorney General Kenneth Polite, Jr. said in a statement. NFT Rug Pull The department charged Vietnamese national, Le Anh Tuan, 26, with creating …

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North Korea’s State-Backed Lazarus Group Responsible for $100 Million Harmony Hack

06/29/2022 10:00 pm 06/30/2022 7:21 am

North Korea’s Lazarus Group was the likely culprit behind the theft of $100 million from the Harmony Network, blockchain research firm Elliptic said on Wednesday. Analysts said their evidence was mostly the fact that the perpetrator’s methods mirrored the techniques the Lazarus Group used when it stole around $600 million from Axie Infinity in March. “Our analysis of the hack and the subsequent laundering of the stolen cryptoassets … indicates that it is consistent with …

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