BlockFi, a cryptocurrency lenders, has received approval from a federal court to move forward on its plan to repay customers affected by a recent data breach. The consent judgment aims to provide relief to those who lost money in the incident.
Cryptocurrency lender Exactly Inc. has been hit by a $12M exploit, leading to a significant loss of user funds. With the platform now offline for investigation, users are left wondering what exactly happened and what their next steps should be.
The Australian Securities and Investments Commission (ASIC) has charged a local crypto lender, Helio Financial Pty Ltd, for falsely claiming to hold an Australian Credit License in advertisements. ASIC demanded a hefty $50,000 penalty for the offense.
Geist Finance, a crypto-backed lending start-up, has permanently ceased operations after a MultiChain security breach. The company had reportedly been facing liquidity issues prior to the hack.