Author: Assad Jafri

EIGENLayer reassured its community that the platform’s infrastructure and onchain protocol remain secure after an investor lost EIGEN tokens worth roughly $6 million in an isolated email compromise on Oct. 4. A malicious actor stole 1,673,645 EIGEN tokens by infiltrating an email thread between an investor and the platform’s custodial service…

Hut 8 Corp., one of North America’s largest Bitcoin miners, has announced that Anchorage Digital has converted the remaining $38 million of its outstanding loan into common shares. The conversion was completed at $16.395 per share, representing a 51% premium over the 20-day volume-weighted average price through Sept…

The US Securities and Exchange Commission (SEC) settled charges against Mango Markets’ decentralized autonomous organization (DAO) and the Blockworks Foundation on Sept. 27. The watchdog had accused both entities of selling unregistered securities following Mango Markets’ $100 million exploit in 2022, which brought the platform under heightened regulatory scrutiny…

Congresswoman Maxine Waters, the leading Democrat on the House Financial Services Committee, called for a bipartisan agreement on stablecoins by the close of 2024. During a committee hearing on Sept. 24, Waters expressed optimism that a legislative deal could be achieved, emphasizing the need for robust federal regulations and consumer protections as part of the

Telegram, long known for its strict privacy stance, will now provide user IP addresses and phone numbers to authorities in response to legal requests, Bloomberg News reported Sept. 23. According to the report, CEO Pavel Durov announced the change to the platform’s terms and conditions. The move is a major shift for the messaging platform…