Gemini reaches settlement with IRA Financial Trust over $36M exploit
The lawsuit, initially filed by IRA in June 2022, alleged that Gemini misrepresented its security protections, resulting in an exploit that removed $36 million in crypto.
Related Posts


Reddit crypto community goes offline: Here’s why
Reddit communities unanimously decided to go private or in read-only modes from June 12 to 14, protesting against an upcoming change that would prevent users from freely accessing APIs and tools. 715 Total views 1 Total shares Numerous sub-communities on Reddit, including popular crypto subreddits, unanimously decided to go private for 48 hours to protest…

Venezuela Bans Crypto Mining From Public Housing
Crypto mining can harm the country’s electricity distribution, says a Venezuelan minister. 992 Total views 18 Total shares Venezuelan Minister of Habitat and Housing Ildemaro Villarroel announced today that crypto mining operations won’t be allowed in any state-owned housing or neighborhoods that are part of the “Gran Misión Vivienda” project (Great Home Mission).During an official…

ChatGPT creator OpenAI builds new team to check AI risks
ChatGPT creator OpenAI is taking seriously the full spectrum of safety risks related to AI and launching its “Preparedness” team as planned. 199 Total views 2 Total shares OpenAI, the artificial intelligence (AI) research and deployment firm behind ChatGPT, is launching a new initiative to assess a broad range of AI-related risks.OpenAI is building a

Crypto enthusiasts are wrong to target Gary Gensler
The animus of the entire crypto world is focused on Securities and Exchange Commission Chair Gary Gensler.Critics argue that he paints cryptocurrencies with too broad a brush. They argue that he gaslights well-meaning entrepreneurs by encouraging them to “come in and register,” knowing his process is set up for them to fail. They argue he…

Enterprise-Focused Ethereum Standards Consortium EEA to Form ‘Token Task Force’
The Enterprise Ethereum Alliance (EEA), global blockchain community with over 500 members, will launch a “token task force” in 2019, EEA confirmed to Cointelegraph in correspondence on Feb. 13.The executive director of the EEA, Ron Resnick, said that the task force is still at the design stage and is scheduled to launch in the first…

Chiliz blockchain and ‘Google of South Korea’ partner on crypto wallet
South Korean internet search giant Naver is launching a non-custodial crypto wallet, adding the Chiliz blockchain as its first.

Crypto Wallet Launches Testnet Trades for 300M Telegram Users
Non-custodial and multi-cryptocurrency wallet provider Button Wallet is launching a free testing service on the Telegram Open Network (TON) in a bid to drive crypto adoption among Telegram’s 300 million users.The client application is offering a giveaway 6.6 testnet gram tokens — the native currency of Telegram’s TON blockchain platform — for users that activate…

Coinbase Patent Shows Exchange Is Refining Security for Bitcoin Payments
A patent by U.S. crypto exchange and wallet provider Coinbase proposes a new mechanism for further securing Bitcoin (BTC) payments, according to a filing published by the U.S. Patent and Trademark Office (USPTO) August 14. The filing claims that existing systems do not adequately address concerns “that the private keys of [users’] Bitcoin addresses may…