Aave asks court to block $71 million crypto seizure tied to North Korea claims

Leading decentralized lending platform Aave has asked a U.S. federal court to block an attempt by victims of North Korean terrorism to seize about $71 million in crypto frozen after last month’s rsETH-related exploit, escalating a dispute that has already split Arbitrum’s governance. The filing, submitted Monday in the Southern District of New York, seeks…

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Kraken’s parent company Payward alleges $25 million crypto custody fraud in lawsuit against Etana and firm’s CEO

Payward, the parent company of crypto exchange Kraken, has accused former custody partner Etana and its CEO, Dion Brandon Russell, of misappropriating more than $25 million in client funds, according to a second amended complaint filed in the U.S. District Court in Colorado on Monday. The crypto exchange alleges that Etana Custody, which is undergoing…

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Binance is launching a withdrawal lock to help deter crypto wrench attacks

Binance is launching a user-controlled withdrawal lock aimed at a threat the crypto industry has spent the past year reckoning with: physical coercion of holders, otherwise known as the so-called wrench attacks. The feature, “Withdraw Protection,” lets users freeze their own account against onchain withdrawals for one to seven days, the exchange said Monday. A…

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Canada just got its first regulated digital dollar to take on the U.S. stablecoin’s crypto dominance

Tetra Trust Company, a Canadian digital technology and financial services provider, launched CADD, a Canadian-dollar stablecoin approved by Alberta Treasury Board and Finance. The company said it’s the first CAD-pegged stablecoin issued by a regulated financial institution in Canada. Reserves are held in trust under Canadian law and dedicated to redemption, according to the firm….

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