Major Web3 Investor Shima Capital Shuts Down Following SEC Fraud Claims

[ad_1] Shima Capital is shutting down after the Securities and Exchange Commission accused founder Yida Gao of inflating his track record to defraud investors. Founder Departure and Fund Resignation Shima Capital, once... Read more »

Joe McCann shuts down fund after 78% loss while pursuing $1B Solana raise

[ad_1] Key Takeaways Asymmetric’s Liquid Alpha Fund is closing after falling 78% year-to-date, with LPs given the choice to exit or reinvest Joe McCann is seeking to raise $1 billion for a... Read more »

Milei shuts down LIBRA task force probing ties to his administration

[ad_1] Argentinian president Javier Milei has ordered the closure of the Task Force for Investigation (UTI) established earlier this year to examine his relationship with the LIBRA token, according to a May... Read more »

California Shuts Down 42 Crypto Scam Sites—$6.5M Stolen in Massive Fraud

[ad_1] California has shut down 42 fraudulent crypto websites, exposing a $6.5 million scam that drained victims of an average $146,306 each. 42 Fraud Sites Dismantled—How Scammers Built Fake Crypto Worlds to... Read more »

Crypto Portfolio Tracker Coinstats Confirms Security Breach; Temporarily Shuts Down App

[ad_1] According to the crypto portfolio tracking app, Coinstats, suspected North Korea-linked hackers are believed to be behind the security breach on June 22, which impacted 1,590 user wallets, The Coinstats team... Read more »

Infamous crypto scam service Pink Drainer shuts down after netting $85 million

[ad_1] Pink Drainer, a notorious crypto wallet-draining service, is winding down its operations, according to a May 16 screenshot shared by blockchain sleuth ZachXBT. A Dune analytics dashboard by Web3 anti-scam firm... Read more »