DAOs are still legal partnerships, US judge rules in stolen assets case
Judge Larry Burns said bZx DAO founders had formed the organization intending to circumvent U.S. company law and that the DAO was effectively the same as a general partnership.
Judge Larry Burns said bZx DAO founders had formed the organization intending to circumvent U.S. company law and that the DAO was effectively the same as a general partnership.
Euler claims it was audited, but says the auditors missed the vulnerability, which has been around for a year waiting to be exploited; it lost 82% of its TVL.
In this CoinGeek Backstage interview, Agon Hare, Jason Brink, and Nikita Koslov share why the Philippines’ passion for gaming and eagerness to learn are critical to blockchain mass adoption.
The suspects allegedly exploited a flaw in the emergency withdraw function on Platypus two weeks ago, but blockchain sleuths unearthed them, leading to their arrest.
The founders paraded Forsage as a DeFi investment platform that could give lucrative returns on deposits and claimed that the project used smart contracts to streamline processes.
In a new working paper, the Bank for International Settlements took a deep dive into the technical side of DeFi, looking at functionality and risks; BIS is still dismissive of DeFi.
The current amount raided is a far cry from the announcement in 2022 in which Animoca Brands noted that it planned on raising up to $3 billion.
2022 witnessed the dashing dreams of BTC loyalists who called for the price to hit $100k, given their infallible plan to get rich by HODLing, while the Defi crowd got their time in the sun.
U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing into the FTX collapse mocked Kevin O’Leary, who is lamenting the loss of the $15m tokens he received for being FTX’s spokesman.
Ida Tiongson believes that the Philippines is already showing an appetite for blockchain, digital assets, and decentralizing finance and says it’s set to become a global hub.
The second day of the Philippine Blockchain Week delves into the struggles of the digital asset and DeFi sectors as government agencies make efforts to regulate emerging industries.
Thought leaders, key business players, and enthusiasts gather at the Marriott Grand Ballroom in Pasay City for the inaugural Philippine Blockchain Week to shape the country’s digital landscape.