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Former Meta execs raise $300M to ‘accelerate adoption’ of Sui blockchain

Investors included FTX Ventures, Coinbase Ventures, Jump Crypto, a16z, Circle Ventures, among others. Source: https://cointelegraph.com/rss Former Meta execs raise 0M to ‘accelerate adoption’ of Sui blockchain

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Polygon CSO blames Web2 security gaps for recent spate of hacks

Polygon’s chief of security says his department now employs 10 experts to ensure top-notch cyber security practices are adopted, recommending other crypto firms do the same. Source: https://cointelegraph.com/rss Polygon CSO blames Web2 security gaps for recent spate of hacks

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Avalanche flash loan exploit sees $371K in USDC stolen

The scammer deployed a custom smart contract, leveraging a $51 million flash loan to manipulate the AVAX/USDC Trader Joe LP pool price for a single block. Source: https://cointelegraph.com/rss Avalanche flash loan exploit sees 1K in USDC stolen

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GameStop doubles down on crypto amid a new partnership with FTX US

After launching an NFT marketplace and wallet with the help of Immutable X, GameStop is continuing its push into crypto following a partnership with FTX. Source: https://cointelegraph.com/rss GameStop doubles down on crypto amid a new partnership with FTX US

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Vermont's financial regulator alleges Celsius and its CEO made 'false and misleading claims'

According to the regulator, Celsius “lacked sufficient assets to repay its obligations” despite suggesting it had enough funds in its reserves to mitigate the risk of insolvency. Source: https://cointelegraph.com/rss Vermont's financial regulator alleges Celsius and its CEO made 'false and misleading claims'