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Funding, exchanges, treasuries and the companies building on crypto, with the economics underneath the announcements.
Crypto casino Duelbits went offline after attackers drained about $7 million from hot wallets on four blockchains, in a suspected private-key compromise. Its co-founder says user funds are safe. That reassurance, as ever, is the platform’s own.
Bullish, Alpaca, Apex and others formed a coalition to tie tokenized stocks to official shareholder records, days after AMC’s chief executive called some existing stock tokens a “quasi-fake market.” The fight is over what you actually own.
Crypto exchange Bitget said roughly $352 million was affected in a hack, which its chief executive attributes to spoofed transfers rather than compromised private keys, and says user funds are safe. As ever with an exchange breach, that is the company’s own account.
TOKEN2049 Singapore returns to Marina Bay Sands on October 7 and 8, billing itself as the world’s largest crypto event, with 25,000 attendees expected and a speaker list that runs from Binance’s founder to the chief executive of Nasdaq.
After FTX, exchanges rushed to publish proof of reserves. It is a real improvement on nothing, but it answers only one side of the question that keeps customers safe. Here is what it proves, and what it quietly leaves out.