AD

AD

News Explorer — Coinmint Alleges Bribery, Misrepresentation in $150M Purchase Agreement Scheme

Generated by AI, curated by humans

May 26, 11:00 am

Coindesk

Coinmint Alleges Bribery, Misrepresentation in $150M Purchase Agreement Scheme

Coinmint alleged two semiconductor companies set up an “elaborate deception” to lure the miner into a $150 million purchase agreement, resulting in a lawsuit seeking over $23 million in damages. The scheme involved Katena Computing and DX Corr, as well as unnamed individuals, and included bribery and misrepresentation of Katena's capabilities.

Coinmint alleged two semiconductor companies set up an “elaborate deception” to lure the miner into a $150 million purchase agreement, resulting in a lawsuit seeking over $23 million in damages. The scheme involved Katena Computing and DX Corr, as well as unnamed individuals, and included bribery and misrepresentation of Katena's capabilities.

Latest

Dec 8, 10:31 pm

Coindesk

Crypto Provisions Stripped From the National Defense Authorization Act

Two provisions addressing anti-money-laundering concerns in the crypto industry were dropped from the National Defense A... Read Summary

Dec 8, 9:22 pm

Decrypt

Solana's SOL and Meme Coin BONK Reach New Highs

Solana's native cryptocurrency, SOL, reached a new 19-month high of $73.85, showing a significant rebound from its low p... Read Summary

Dec 8, 6:57 pm

Decrypt

NFT Game 'Champions Ascension' Launches Amazon Prime Promo

Champions Ascension, a blockchain game, is offering free in-game items for Amazon Prime subscribers. The giveaway includ... Read Summary

Dec 8, 6:01 pm

Decrypt

Starknet Reveals Plans to Airdrop STRK Tokens

The Starknet Foundation plans to distribute over 1.8 billion STRK tokens to community members and stakeholders through a... Read Summary

Dec 8, 4:40 pm

The Block

Did Uranium Finance Hacker Blow Funds on 'Magic' Cards?

A hacker who exploited the Uranium Finance DeFi platform in 2021 may have used "Magic: The Gathering" trading cards to l... Read Summary

Dec 8, 5:26 pm

Decrypt

VanEck's Planned Bitcoin ETF Will Use 'HODL' Ticker

VanEck, a major player in the Bitcoin ETF race, has chosen the ticker symbol "HODL" for its potential crypto investment... Read Summary

Dec 8, 5:27 pm

Decrypt

Animoca's Mocaverse Raises More Funding, Up to $31.88M

Animoca Brands, a prominent metaverse investor and blockchain game publisher, has raised an additional $11.88 million fo... Read Summary

Dec 8, 5:16 pm

Decrypt

A Novel Way to Hide Your Bitcoin (It's Literally a Novel)

The Novel Wallet is a book designed to hide Bitcoin wallet recovery phrases. Each chapter contains words from the BIP39... Read Summary

Dec 8, 4:31 pm

Coindesk

Chainlink Price Pops After Staking Program Sees Overwhelming Demand

Chainlink's expanded crypto staking program attracted over $632 million worth of LINK tokens within six hours of its ear... Read Summary

Dec 8, 3:27 pm

Protos

Founder of Sanctioned Exchange Exved Launches Tether Desk

Exved, a Russian firm launched by Sergey Mendeleev's InDeFi Bank, aims to facilitate exchanges between Tether, rubles, a... Read Summary

Dec 8, 11:48 am

The Block

Transparency and Decentralization the Platform of New ‘Other Party’ in the UK

The Other Party, a new political movement in the UK, aims to decentralize power and promote transparency through blockch... Read Summary

Dec 8, 2:51 am

Decrypt

Binance Founder Changpeng Zhao Must Stay in the US Until Sentencing

Binance founder Changpeng Zhao has been ordered by a federal judge in Seattle to remain in the United States until his s... Read Summary

Dec 8, 2:21 am

Decrypt

An Ordinals Inscription From the Honey Badger Collection Sold for a Record-Breaking 10.4 BTC

An Ordinals inscription from the Honey Badger collection sold for 10.4 BTC on Magic Eden, setting a new record. The coll... Read Summary

Dec 8, 12:04 am

Unchained Crypto

LayerZero Confirms the Launch of a Token Next Year

LayerZero Labs, a provider of blockchain infrastructure, announced that it will be launching a token in the first half o... Read Summary

Dec 7, 11:19 pm

Unchained Crypto

Chainlink Community Staking Pool Draws More Than $620 Million

Chainlink's community staking pool has reached its maximum limit, attracting over $620 million in value. With 41 million... Read Summary

AD