Phishing Attack on Cloud Provider With Fortune 500 Clients Led to $15M Crypto Theft From Fortress Trust
A phishing attack on Retool led to the theft, which helped spur Fortress Trust’s agreement to sell itself to Ripple, sources said.
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A phishing attack on Retool led to the theft, which helped spur Fortress Trust’s agreement to sell itself to Ripple, sources said.
Crypto exchange FTX got court approval to sell part of its $3.4 billion digital asset holdings.
Blockchain Association CEO Kristin Smith said crypto lobbyists helped beat back disastrous regulations on “unhosted wallets.” (Shutterstock/CoinDesk)
Crypto exchange FTX can sell and invest its crypto holdings to pay back creditors, a judge in the U.S. Bankruptcy Court for the District of Delaware ruled Wednesday.
The U.S. Commodity Futures Trading Commission placed a trio of decentralized crypto platforms into its crosshairs last week. An aggressive set of charges from the CFTC – which zeroed in on how the trading platforms handle certain kinds of third-party token swaps – contrasted with the regulator’s more lenient image.
Crypto markets slumped Monday, possibly in part due to fears of FTX unloading its $3.4 billion crypto assets.
A federal judge refused Sam Bankman-Fried’s bid to be released from jail ahead of trial on Tuesday.
(John Phillips/Getty Images for TechCrunch)
While U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler was in the hot seat at a Senate hearing on Tuesday, the most important crypto sentiments may have come from Sen. Sherrod Brown (D-Ohio), who tarred much of the industry as dangerous fraudsters.
This week’s quick plunge and rebound in cryptocurrency prices triggered $256 million in liquidation losses, Coinglass data shows.