“This action runs counter to the CFTC’s established framework for regulating prediction markets,” the spokesperson said in a statement emailed to CoinDesk. So far, the states that have filed such a challenge against the prediction markets have met with counter suits from the CFTC, where Chairman Mike Selig has taken an aggressive legal stance defending […]
Blockchain investigator ZachXBT has highlighted a suspected security breach involving Polymarket, the world’s largest decentralized prediction market platform. Over $520,000 was reportedly drained from two smart contracts on the Polygon blockchain, according to on-chain data shared by ZachXBT. The affected addresses are 0x871D7c0f9E19001fC01E04e6cdFa7fA20f929082 and 0x91430CaD2d3975766499717fA0D66A78D814E5c5, with funds allegedly sent to attacker address 0x8F98075db5d6C620e8D420A8c516E2F2059d9B91. Polymarket developers […]
World Liberty Financial’s WLFI token fell about 12% in the past 24 hours after the Trump-linked crypto venture published a thread on X defending its lending position on Dolomite, the DeFi protocol whose co-founder advises WLFI. The thread came in response to CoinDesk’s reporting that WLFI had deposited its own governance token as collateral, borrowed […]
Crypto wallet infrastructure company Turnkey has raised $30 million in Series B funding led by Bain Capital Crypto, Fortune reported on Monday. Turnkey, which was co-founded by former Coinbase employees Bryce Ferguson and Jack Kearney, aims to help developers build user-friendly wallets using application programming interfaces (APIs). This can help wallets become more streamlined and […]
Mihailo Bjelic, one of the four co-founders of Polygon, is exiting the network. Bjelic made the announcement on X, “After much thought and reflection, I’ve decided to step down from the board of the Polygon Foundation, and wind down my day-to-day involvement with Polygon Labs,” he said. With Bjelic’s exit, co-founder Sandeep Nailwal becomes the […]