Starknet’s zkLend loses over $8m in hack, demands return

zkLend has lost over $9 million worth of Ethereum in a hack. The protocol is demanding the hacker return 90% of the stolen funds or face legal consequences. On Feb. 12, Starknet-based layer2 money-market protocol zkLend officially admitted that it had been hacked. The protocol said their internal team is currently investigating the root cause […]

TRUMP meme coins crash, Elizabeth Warren demands investigation

Senator Elizabeth Warren and Rep. Jake Auchincloss demand U.S. regulators investigate President Trump’s TRUMP and MELANIA meme coins. In a letter addressed to multiple federal agencies, including the US Office of Government Ethics, the SEC, the Treasury and the CFTC, Warren and Auchincloss outlined several concerns regarding the Trump family’s line of meme coins. One […]

Coinbase CLO shares data on crypto hedge funds debanking, demands for answers

The Coinbase Chief Legal Officer Paul Grewal took to X to demand answers after learning from the AIMA survey that 75% of crypto hedge funds face issues with accessing basic banking services. None of the traditional alternative investment managers (e.g., real estate) experienced similar troubles with the banks. The Grewal’s X post raises questions that […]

Hong Kong looks to speed up crypto regulation amid rising sector demands

Hong Kong is exploring ways to expedite updates to its crypto regulations in response to the fast-growing global sector. The fast growth of the crypto sector is pushing Hong Kong to reconsider its regulations, with talks focused on speeding up changes to meet growing industry needs. A proposal raised in the Legislative Council on Dec. […]