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Under New Leadership, FTX Recoups $7 Billion Amid Recovery Efforts
27.6.2023
The new leadership team at FTX has recouped approximately $7 billion in liquid assets as the exchange continues recovery efforts.
The company has revealed that it has made “substantial progress” in securing assets, recovering as much as $7 billion in liquid assets so far.
The exchange owed...
The Second FTX Asset Recovery Report Is Packed With Bombshells
27.6.2023
New claims put FTX and Alameda Research founder Sam Bankman-Fried and his friends even closer to the center of a brazen conspiracy
Ledger releases white paper for hardware wallet seed recovery tool
21.6.2023
Despite facing notable criticism over the Ledger seed recovery tool, the hardware crypto wallet firm expects to launch the Ledger Recover tool in Q4 2023
Sturdy Finance Falls Victim to Exploit, Losing 442 ETH in Latest Defi Hack
12.6.2023
Decentralized finance (defi) platform Sturdy Finance was exploited on Sunday evening, losing 442 ether to an attacker. The team behind the project stated that it is aware of the reported exploit and paused markets at 10:19 p.m. ET. 442 Ethereum Worth Over $766K Siphoned From Sturdy Protocol...
Report: Zimbabwean Crypto Trader Uses Recovery Phrase to Steal Digital Assets Worth $457K From Client
9.6.2023
A Zimbabwean crypto trader has appeared in court to face theft and money laundering charges after prosecutors accused him of stealing digital assets worth more than $457,000 from his client. The crypto trader is accused of siphoning the digital assets using seed phrases and passwords he obtained...
Bitcoin price races toward $27K, but a swift recovery is not confirmed by market data
8.6.2023
BTC’s price recovered quickly from this week’s swing low, but derivatives data hints that a challenging road lies ahead
Ledger’s CEO Claims New Key Recovery Service Streamlines Crypto Self-Custody Amid Ongoing Controversy
30.5.2023
Crypto hardware wallet provider Ledger believes its recently-launched “Recover” product makes self-custody easier.
Ledger CEO Pascal Gauthier has said that the company's new security feature, which allows users to recover their secret recovery phrase, would make it easier for crypto users to take...
Ledger CEO says crypto key recovery service makes self-custody easier
29.5.2023
Ledger’s “Recover” service may be concerning, but some crypto industry participants think the feature may onboard new users while helping crypto natives
South African Rand Plunges to New Low After Benchmark Interest Rate Is Raised to 14-Year High
29.5.2023
The South African fiat currency’s exchange rate versus the U.S. dollar plunged to a new all-time low of 19.7640 per dollar on May 25 just moments after the South African Reserve Bank raised the benchmark interest rate to its highest since 2009. Although the currency has since made some...
Crypto Biz: Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down
27.5.2023
This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis
Ledger key recovery service paused amid backlash, will open-source code
24.5.2023
In a May 23 Twitter Space, Ledger CEO Pascal Gauthier said the past week has been a “humbling experience.”
Crypto Wallet Provider Ledger Postpones Release of Key Recovery Service After Public Criticism
23.5.2023
After criticism from the crypto community, the firm pledged to open-source the Ledger Recover code before releasing the controversial update
Ledger CEO says ‘sharded’ wallet keys could be shared if subpoenaed
23.5.2023
The private seed phrases of Ledger users could be shared with governments if they are ordered to, but this is “not a real concern,” says CEO Paul Gauthier
Ledger co-founder clarifies "there is no backdoor" in Recover firmware update
20.5.2023
Ledger Recover is an OTA firmware update, which would allow users to back up their seed phrases by third-party entities only if a user chooses to opt-in to the new service
Is Ledger’s New Bitcoin Key Recovery Feature Safe? Experts Have Doubts
19.5.2023
Ledger believes the service will help attract customers turned off by crypto's unforgiving self-custody ethos. But critics wonder whether the concept is compatible with a real hardware wallet
Crypto Market Recovery Unlikely Until Stablecoin Universe Stops Shrinking: JPMorgan
19.5.2023
Tether’s market cap has been growing at the expense of rival stablecoins such as USD Coin, the report said
Ledger Continues to Defend Recovery System, Says It's Always 'Technically' Possible to Extract Users' Keys
18.5.2023
"Technically speaking it is and always has been possible to write firmware that facilitates key extraction. You have always trusted Ledger not to deploy such firmware whether you knew it or not," Ledger said on Twitter
Ledger Hardware Wallet Addresses Criticism, Stands by New Wallet Recovery Service – What's Going On?
17.5.2023
The popular hardware wallet maker Ledger has addressed some of the concerns from the community, after it introduced a new and controversial wallet recovery service.
In a video posted on Tuesday, Ledger’s chief technology officer Charles Guillemet stressed that although the new wallet recovery...
Ledger launches Ledger Recover, offering enhanced protection for Secret Recovery Phrase
17.5.2023
Ledger has announced the launch of Ledger Recover, an optional subscription-based service that enables users to add an enhanced layer of security. Meaning their Secret Recovery Phrase will be protected under Ledger Recover. Ledger Recover is yet to be released; however, the community can expect...
Ledger Bats Back Criticism of New Wallet Recovery Service
16.5.2023
“You’re saying this is not what customers want. Actually, this is what future customers want,” said Ledeger CEO Pascal Gauthier