kev_nag
kev_nag

kev_nag

Retired, finally. I enjoy learning about crypto and sharing my discoveries. Also, I follow the News closely and enjoy discussing current events. I have no political agenda, but advance views based in reality with a slant toward real world consequences.


A New Day - A New Contagion Victim (But This One Is Not As Bad for Investors)

10 Aug 2022 2 minute read 0 comments kev_nag

German Crypto Bank start-up, Nuri GmbH, applied to the District Court to open insolvency proceedings yesterday (August 9, 2022). It has been reported that Nuri has 500,000 customers and manages assets of approximately 325 Million Euros. Photo Source...

Another Contagion Victim - Hodlnaut Suspends Withdrawals and Deposits

10 Aug 2022 2 minute read 2 comments kev_nag

“Crypto lending platform Hodlnaut is suspending transactions including withdrawals and deposits, citing market conditions and a lack of liquidity as a reason. On Monday, the crypto lending business released a formal statement explaining why it had to...

Follow-up: Now Circle moves to Freeze All Blacklisted Tornado Cash Smart Contract Addresses

9 Aug 2022 3 minute read 2 comments kev_nag

Merely nine hours ago or so, I published an article [Nagoda, K. U.S. Treasury OFAC Bars Residents From Using Tornado Cash and Added 44 Addresses to the Specially Designated Nationals List. (Accessed August 9, 2022)]. On reading the ‘Crypto News’ this...

U.S. Treasury OFAC Bars Residents From Using Tornado Cash and Added 44 Addresses to the Specially Designated Nationals List

9 Aug 2022 3 minute read 4 comments kev_nag

In a Monday announcement, OFAC effectively barred U.S. residents from using Tornado Cash and placed 44 USD Coin (USDC) and Ether (ETH) addresses connected to the mixer on its list of Specially Designated Nationals. The department alleged that indivi...

Rising from the Ashes : Beanstalk Relaunches Following $77 Million Governance Exploit

8 Aug 2022 2 minute read 0 comments kev_nag

On August 6, 2022, Beanstalk Farms tweeted: Photo Source If you have forgotten the details concerning this exploit, you may review the same in a previous article: [Nagoda, K. Beanstalk Farms $76 Million Exploit and its Path Forward. (Accessed August...

$8.1 Million in WazirX Funds Frozen in AML Investigation by Indian Authorities

7 Aug 2022 3 minute read 0 comments kev_nag

On August 5, 2022, the Indian Directorate of Enforcement (ED) issued a Press Release wherein: Directorate of Enforcement (ED) has conducted searches on one of the Directors of M/s Zanmai Lab Pvt Ltd which owns the popular Crypto-currency exch...

$19 Million Bounty Offered for Recent Nomad Bridge Hack

6 Aug 2022 2 minute read 0 comments kev_nag

“Cross-chain bridge Nomad announced up to a 10% bounty through appealing on the website and Twitter for hackers after its platform has been exploited in the cyberattack earlier this week that led to nearly $200 million loss” [Rajpalsinh. Nomad Bridge...

Voyager Receives Better Buyout Offers Than the FTX Offer - Plus Returning 270 Million in Customer Funds.

5 Aug 2022 2 minute read 1 comment kev_nag

Beleaguered crypto lender Voyager Digital Holdings says it has received a number of ‘higher and better’ buyout offers than that offered by AlamedaFTX back in July, contrary to the investment firm’s continued public statements […] In a Second Day Hea...

While the House is on Break, This Past Week the Senate Takes Up Two Bipartisan Crypto Bills

4 Aug 2022 6 minute read 0 comments kev_nag

The House of Representatives is on August Break While the Senate is Working and Takes Up Two Bipartisan Crypto Bills Yup, Nancy and her entourage are off to the Far East having visited Taiwan on Tuesday. The rest of her fellow Representatives are pre...

**WARNING** Millions Already Drained in Continuing Solana Based Wallet Hack (w/ Updates)

3 Aug 2022 8 minute read 3 comments kev_nag

[NOTE For the most recent updates I come across on this matter, please scroll to the bottom of this page. Thank you!] “Up to $6 million in crypto has been drained from Solana wallets within the last 10 minutes, according to CryptoSlate sources. Users...