Coinbase

Coinbase

Iran’s central bank stacked $507M USDT last year, report

Iran gathered at least half a billion dollars worth of USDT last year to help bypass sanctions and boost its own currency. Source link

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Strategy manager wrong about BTC backing STRC

The manager mistakenly claimed that Strategy’s BTC collateralizes shares of its stock, even though it doesn’t. Source link

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Saga becomes latest victim in DeFi hacking spree

The root cause behind the hack remains unclear. Around $6M in ETH and $850K of YieldFi assets sit in the hacker’s ETH address. Source link

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Celsius estate alleges TrueUSD firms gambled customer deposits

Celsius has filed a lawsuit against Archblock, alleging that it’s failed to redeem millions of dollars worth of stablecoins. Source link

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New X starter packs face backlash over crypto ‘scam’ accounts

Head of Product Nikita Bier added, and swiftly removed, a controversial crypto influencer from the platform’s new starter pack feature. Source link

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Crypto sleuth links $500M in Iranian USDT to stolen Bybit funds

Crypto sleuth Tanuki42 claims the middle man selling USDT to Iran is also receiving USDT from DPRK wallets laundering Bybit funds. Source link

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Chris Larsen uses ‘nonprofit’ to pump for-profit XRP treasury stock

Evernorth, a for-profit XRP treasury stock working on its Nasdaq listing, is giving a sweet deal to a nonprofit that Larsen created. Source link

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Pardoned BitMEX founder funds UK right-wing political hub, report

Pardoned BitMEX founder Ben Delo is funding a political network in Westminster that’s attracted a host of right-wing figures. Source link

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Afroman’s crypto token pumps 4,685% on defamation victory

Afroman, known for his 2000s hit “Because I Got High,” was sued by police after he mocked a botched raid on his home via the medium of rap. Source link

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Coinbase

UXLINK hacker’s wild ride: Up just 0.2% on $36M loot

The hacker has clawed back $4.8M of losses, six months after draining UXLINK’s multi-sig and minting a billion tokens. Source link

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