Genesis Global has begun disbursing $4 billion in creditor payouts following its restructuring, with varying recovery rates across different crypto assets.
The CFTC has subpoenaed Hit Network, a former company of Ben Armstrong , amid a fraud investigation involving 15 cryptocurrencies, including memecoin BEN.
The crypto sector faced significant losses in July as hackers stole approximately $266 million through 16 separate breaches, with WazirX being the hardest hit.
In response to the recent $230 million WazirX hack, India’s Web3 Association is enhancing cybersecurity and consumer protection within the crypto industry.
