06:42 2025-05-28
Commonal: User funds are not affected, and affected Vaults will be restored as soon as possibleOn May 27, a USD0 ++ investment vault at Commonals suffered a $43,000 arbitration bug that exploited a capped way to unpack USD0 ++ to USD0 when deposited into an investment fund, the official said in a post on social media. User funds were not affected, there was no loss in capital, and the CommonalCore agreement was not suspended. The affected vault will be back in use soon.
06:39 2025-05-28
Financial infrastructure platform Velocity completes $10 million pre-seed round led by ActivantCapitalThe company is building an enterprise-grade payments and money management infrastructure that enables real-time cross-border settlement of fiat and digital assets by integrating virtual IBAN, digital wallet and custodial services. The company currently has 11 employees in London, New York and Warsaw and plans to expand to 30 by the end of the year, with a focus on engineering and regulatory operations teams.
06:30 2025-05-28
OKX will delist 11 currency pairs including ZERO, PRQ, IQ, ARTY, and SAMOOn May 28th, according to the official news, OKX will officially launch ZERO/USDT, ZERO/USD, PRQ/USDT, PRQ/USD, IQ/USDT, IQ/USD, ARTY/USDT, ARTY/USD, SAMO/USDT, SAMO/USD and USDT/USDC on June 4, 2025 from 4:00 to 6:00 pm (UTC + 8).
It is reported that OKX has suspended the recharge function of ZERO, PRQ, IQ, ARTY and SAMO at 2:00 pm (UTC + 8) on May 28, 2025, and will no longer support the withdrawal service of ZERO, PRQ, IQ, ARTY and SAMO at 4:00 pm (UTC + 8) on September 4, 2025.
06:27 2025-05-28
Australian regulator takes former Blockchain Global director to courtAccording to Cointelegraph, the Australian Securities and Investments Commission (ASIC) has filed a civil lawsuit against Allan Guo, a former director of Blockchain Global, for allegedly breaching his duties as a director. Specifically:
Illegal handling of ACX exchange customer funds;
Make false statements about the flow of funds.
Failure to maintain financial records properly.
The ACX exchange collapsed in December 2019, and a liquidator's investigation revealed the company owed 58.60 million A...
06:27 2025-05-28
Australian regulator takes former Blockchain Global director to courtThe Australian Securities and Investments Commission (ASIC) has filed a civil lawsuit against Allan Guo, a former director of Blockchain Global, for alleged breaches of directorship. The details include: improper handling of ACX exchange client funds; making false statements about the flow of funds; and failing to properly maintain financial records. The ACX exchange collapsed in December 2019, and a liquidator's investigation revealed that the company owed unsecured creditors 58.60 million Aust...
05:39 2025-05-28
Cetus unveils recovery plan, seeks bridge loan from SUIOn May 28th, Cetus announced a recovery plan to force the recovery of $162 million of frozen funds from a hacker-controlled wallet through a protocol-level upgrade after suffering a $223 million vulnerability. Cetus has requested a community vote to recover funds that were frozen after last week's hack. The Sui Foundation has released an on-chain community voting code that allows Sui validators and holders to vote directly by pledging. The vote was taken on May 27th at 1 p.m. Pacific time...
05:30 2025-05-28
Trump Nominee for CFTC Chair Quintenz Reveals 3.40 million Dollar Crypto AssetsOn May 28th, Brian Quintenz, Trump's nominee for chairperson of the US Commodity Futures Trading Commission (CFTC), declared at least $3.40 million in crypto assets in public filings of the Office of Government Ethics, including a16z crypto fund, prediction market platform Kalshi and derivatives broker equity. Quintenz is the current head of a16z crypto policy and a former CFTC commissioner.
The White House has not yet issued an official statement on the choice of CFTC chairperson, but CFTC offi...
05:14 2025-05-28
Upbit suspends deposit and withdrawal services due to Zilliqa network upgradeUpbit announced that due to the Zilliqa (ZIL) network upgrade, Zilliqa's deposit and withdrawal services will be suspended from 11:00 (KST) on June 2, 2025 until the stability of the network upgrade is confirmed. During the suspension period, the recharge and withdrawal process will be temporarily suspended, but transactions will not be affected. The recovery time will be notified separately.
