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Three wallets, reportedly associated with FTX and its subsidiary, Alameda Research, have moved 69.64 million USDT and 75.94 million USDC.

Euler is working with law enforcement agencies and blockchain security firms to contact the exploiter and recover the funds.

The Stargate Foundation, in agreement with FTX liquidators, has advised the DAO that issuing the STG token could put its safety at risk and may violate the automatic stay.

While the federal government’s proactive approach to minimizing damage was appreciated, many pointed out that taxpayers would ultimately suffer the depositors’ bailout.

Bitcoin lines up a fresh charge at multimonth resistance, but BTC price action already faces calls for a comedown triggered by CPI.

BTC’s market cap has climbed to the 11th spot among top assets by market cap, sitting behind electric vehicle maker Tesla.

Debtors jumped on the opportunity to grab a discount on their loan repayments when USDC and DAI de-pegged from the dollar.

Dogecoin, Zcash and Litecoin have already patched the “critical” vulnerability, but hundreds of others may not have, risking billions’ worth of crypto.

The technology advisory committee aims to assist the CFTC in “identifying and understanding the impacts and implications of technological innovation in financial services and markets.”

Binance has also had problems with its banking partner for United States dollar transfers over the last few months.

Former CFTC Chair Christopher Giancarlo says that Anti-Money Laundering and Know Your Customer measures are both outdated and constitutionally questionable and that crypto technology could do better.

Federal Reserve chair Jerome Powell said a “thorough” review is needed to understand how the bank collapsed under its watch.

Regulators are planning another auction for Silicon Valley Bank after the previous attempt to find a new owner failed.

The controversial founder of Terraform Labs, Do Kwon, is at the center of the investigation, despite being believed to be hiding out in Serbia.

The short-lived NFT features were first launched in May, but Meta’s financial technology lead said it is “winding down” the tools to focus elsewhere.

The company disclosed that it has approximately $142 million in cash deposits at Signature Bridge Bank, which was set up by the FDIC after the shutdown of Signature Bank.

Euler’s total value locked inside its smart contracts has dropped from over $311 million to $10.37 million since the exploit.

USD Coin is going to survive Silicon Valley Bank’s collapse. But it should inspire advocates of cryptocurrency to prepare for future systemic shocks.

“What happened over the last several days was a bit of an ironic black swan situation where the contagion was not from crypto to TradFi,” said Caroline Hill.

Bitcoin futures on CME have traded 550,000 contracts since inception.

On March 12, Bitcoin futures traded 5.5% below regular spot exchanges, causing volatility in derivatives markets.

Elizabeth Warren and Sherrod Brown didn’t miss a chance to attack the crypto industry after bank failures.

Dozens of regional banks saw share price swings that triggered trading halts as banks of all sizes felt the impact of last week’s bank failures.

Christine Okike, a lawyer representing BlockFi at its bankruptcy hearing, claimed that BlockFi is not in immediate danger and has sufficient funds to continue operating normally.

“Regulators wanted to send a very strong anti-crypto message,” said former House of Representatives member and Signature Bank board member Barney Frank.

The class-action suit was filed against Silicon Valley Bank, CEO Greg Becker and chief financial officer Daniel Beck.

Coinbase assured users that their BUSD funds would remain accessible and they could still withdraw funds at any time.

The company stated that it previously had a relationship with Signature but said it no longer has funds there.

The banking crisis in the U.S. has led to aggressive buying in Bitcoin and select altcoins, which are nearing stiff overhead resistance levels.

Fear and trepidation spread across the crypto market last week following the high-profile collapses of Silvergate Bank and Silicon Valley Bank.