According to sources familiar with the matter, Ava Labs Inc., the lead developer of the Avalanche blockchain, is in the process of raising a second round of funding. According to the new valuation, it would rank among the world's most highly valued crypto startups.
Charles Hoskinson, founder and CEO of Cadano, has once again responded to critics -- this time around Emin Gün Sirer, the founder and CEO of Avalanche's Avalabs. Cardano's DeFi ecosystem has been criticized for its slow pace of growth, as reflected in its TVL.
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Do Kwon, the former CEO of Terraform Labs and co-founder of the Terra blockchain ecosystem, has been arrested in Montenegro, according to a series of tweets by the country's Minister of Interior, Filip Adzic. Do Kwon's arrest has sent shockwaves through the crypto community, leading to a significant drop in the value of Terra's native LUNA tokens.
On March 15th, 2023, Euler Finance, a decentralised finance (DeFi) protocol built on the Ethereum network, suffered a flash loan attack resulting in the loss of $199 million worth of digital assets. However, on March 21st, 2023, new developments emerged as North Korea's Lazarus Group, the same group responsible for the $540 million Ronin Bridge attack last year, attempted to steal from the Euler Finance hacker responsible for the recent attack.
The Arbitrum token has surfaced on the over-the-counter (OTC) market ahead of its scheduled airdrop. Opportunistic traders are already taking advantage of the token's premature arrival by conducting transactions on OTC platforms.