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Court approves Terraform Labs winding down in bankruptcy hearing

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After collapsing in 2022, facing an SEC lawsuit in 2023, and filing for bankruptcy in 2024, many of Terraform’s legal cases in the US are beginning to wind down.

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Feds end Bitcoin bandits’ luxury life fueled by $230M crypto scam

The scammers spent their gains on a lavish lifestyle of luxury cars, apartments, jewelry, and nightlife. 
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BingX confirms ‘minor’ losses amid panic over hot wallet movements

Crypto exchange BingX’s product chief Vivien Lin has confirmed there was a hack and a “minor asset loss,” which is still being calculated.
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DeFi lending protocol Sky to drop wrapped Bitcoin after governance vote

The vote was passed with 88% in favor of offloading WBTC collateral from the Sky lending platform. 
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Germany seizes 47 crypto exchanges tied to ‘underground economy’

German authorities sent a loud and clear message to criminal users of the exchanges: We found their servers and have your data — see you...
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