Funds

Indian authorities freeze $8.1M in WazirX funds as part of AML investigation

India’s Directorate of Enforcement, or ED, has announced it froze roughly $8.1 million in funds and conducted a search connected to cryptocurrency exchange WazirX as part of an investigation into instant personal loan fraud. In a Friday announcement, the Directorate of Enforcement alleged WazirX facilitated transactions by unnamed fintech firms “to purchase crypto assets and …

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Fairfax County Pension Fund Invests $70M in Crypto Yield Farming Funds: Report

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Nomad token bridge drained of $190M in funds in security exploit

The Nomad token bridge appears to have experienced a security exploit that has allowed hackers to systematically drain the bridge’s funds over a long series of transactions. Nearly the entire $190.7 million in crypto has been removed from the bridge, with only $651.54 left remaining in the wallet, according to decentralized finance (DeFi) tracking platform DeFi Llama. …

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Babel Finance Loses $280 Million Of Customer Funds – Bitcoin Magazine

Babel Finance lost $280 million of customer funds from unhedged trading. The amount includes 8,000 BTC. Babel is seeking a restructure through convertible debt that would see creditors become shareholders. Babel Finance, a financial services firm for cryptocurrencies, recently reported a staggering loss of its customers’ funds totalling over $280 million, according to a report …

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