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Banking app Dave to buy back $100M stake from FTX

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Fintech firm Dave will purchase a convertible promissory note worth $100 million at a discounted rate, paying $71 million to FTX liquidators. Court approval is pending for the deal.

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Coin Market

Kelp DAO attacker moves $175M in Ether after exploit: Arkham

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The Kelp DAO attacker has moved $175 million of stolen Ether in an apparent bid to start laundering it after the $290 million exploit.

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Coin Market

BitMEX taps Zodia Custody for off-exchange collateral trading

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BitMEX has partnered with Zodia Custody to enable institutional crypto derivatives trading via off-exchange collateral held in segregated custody.

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Philippines SEC warns on dYdX, six other unauthorized crypto platforms

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Promoters of flagged platforms may face fines of up to 5 million Philippine pesos ($89,000) or up to 21 years in prison under Philippine securities law.

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