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Silvergate Capital files for Chapter 11 bankruptcy in Delaware

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The parent company of Silvergate Bank has listed assets ranging from $100 million to $500 million and liabilities between $10 million and $50 million.

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Coin Market

How AI became crypto’s favorite reason to cut staff

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Coinbase, Block and Crypto.com have all cited AI to justify recent cuts, though Scale AI’s Jason Droege suspects companies are using the technology as cover.

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Coin Market

Australian police seize $4.1M in Bitcoin tied to darknet market

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NSW Police said the Bitcoin was allegedly linked to illegal darknet marketplace activity involving drugs and weapons.

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Coin Market

Europe sees ‘hyperconcentration’ of crypto wrench attacks as losses hit $101M

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Criminal teams behind wrench attacks usually consist of three to five people, often posing as delivery drivers or luring victims into ambushes, said CertiK.

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