Category: Claims
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Frax Finance Founder Claims Inside Job at X Resulted in Account Hack
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Sam Kazemian, founder of Frax Finance, claimed that an internal function at Company X was responsible for the hacking of the project’s official account. The hack, which occurred on June 1, resulted in the decentralized stablecoin protocol behind FRAX USD losing access to its X account. Frax Financial Hack In…
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U.S. Q1 GDP Revised Lower, GDP Prices and Jobless Claims Disappointed
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US economic growth for the first quarter of 2024 was revised down in the second estimate, with annual GDP now at just 1.3% when markets expected it to maintain its initial reading of 1.6%. According to the Bureau of Economic Analysis, the downward revision “It primarily reflects a downward revision…
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Auto theft crisis deepens as insurance claims top $1.5 billion
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Article content Canada’s auto theft crisis is worsening, with insurance claims costs exceeding $1.5 billion for the first time. New data from the Insurance Bureau of Canada (IBC) shows insurance providers handled 49,679 claims related to stolen vehicles in 2023, with costs exceeding $1.54 billion for the year. Overall, the…
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Initial jobless claims dip to 222,000 last week, but still above estimates By Investing.com
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Investing.com – The number of Americans filing for unemployment benefits for the first time was higher than expected last week, although the number was down from the previous period. In the United States it fell to 222,000 in the week ending May 11, down from an upwardly revised total of…
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EigenLayer opens airdrop claims till Sept. 7
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Users can now claim EigenLayer’s native token, but the team previously said that EIGEN will remain non-transferable. The 120-day period to claim EIGEN opened on May 10 and will continue through September for EigenLayer’s first “Stakedrop” phase. Participants can secure 6.05% of the token supply of 1.67 billion during the…
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EigenLayer opens airdrop claims till Sept. 7
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Users can now claim EigenLayer’s native token, but the team previously said that EIGEN will remain non-transferable. The 120-day period to claim EIGEN opened on May 10 and will continue through September for EigenLayer’s first “Stakedrop” phase. Participants can secure 6.05% of the token supply of 1.67 billion during the…
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Nigerian Government Refutes $150M Bribery Claims by Binance CEO
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The Nigerian government has denied allegations made by Binance CEO Richard Teng, claiming that its officials demanded a $150 million bribe to settle criminal charges against the cryptocurrency exchange. Special Assistant to the Minister of Information and National Guidance, Rabie Ibrahim, said in an official statement on Wednesday: It was…
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Ripple rejects SEC’s $2b claims; whales shift to SHIB and InQubeta
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. Ripple fends off SEC demands with massive $2 billion fine, as whales shift focus to Shiba Inu and promising AI altcoin InQubeta. The drama continues between Ripple (XRP) and…