Huobi Rumors Denied: USDT Reserves Decline on All Exchanges Except Binance
• Tim Cook says that AI and machine learning are part of Apple’s products.
• Curve attacker is returning stolen funds after bounty issued.
• New York Attorney General is probing Digital Currency Group in relation to Genesis Global Capital.
Tim Cook on AI and Machine Learning
Tim Cook, CEO of tech giant Apple Inc., recently announced that artificial intelligence (AI) and machine learning are being used in “virtually every product” the company is building. This news comes as more companies embrace the power of AI and machine learning to enhance their products and services.
Curve Attacker Returns Stolen Funds
The attacker behind the Curve Finance exploit has started to return stolen funds after a bounty was issued for their capture. The attacker had managed to exploit a vulnerability in the decentralized finance (DeFi) protocol, stealing over $8 million worth of cryptocurrency in the process. However, thanks to a bounty issued by DeFi-focused security firm PeckShield, the hacker has now begun returning funds back to Curve Finance users.
New York Attorney General Probing Digital Currency Group
The New York Attorney General’s office is reportedly investigating Digital Currency Group (DCG), one of the largest venture capital firms within the crypto industry, over its involvement with Genesis Global Capital LLC (GGC). GGC provides loans backed by cryptocurrencies, but it has been alleged that DCG may have violated state laws regarding debt collections from borrowers who defaulted on their payments. It remains unclear whether or not these allegations are true or if any action will be taken against DCG or GGC at this time.
Hex Loses Market Cap After SEC Lawsuit
Token platform Hex lost $500 million in market cap after facing a lawsuit from the U.S Securities and Exchange Commission (SEC). As a result, Hex was removed from popular DeFi platforms MetaMask and Uniswap due to regulatory concerns around its token sale model. This news has led many asset managers to pivot their interests towards Ethereum futures ETFs instead as they look for less risky investment options in the crypto space.
Huobi Denies Insolvency Rumors
Rumors about Huobi exchange’s financial health have been circulating recently with claims that several executives had been taken into custody by Chinese police officers being debunked by global advisor Justin Sun on social media. Despite these assurances, Huobi’s total locked-up value continues to decrease as outflows remain high amid accusations that it artificially boosts DeFi applications using undisclosed reserves. A Huobi spokesperson denied these claims while emphasizing its commitment towards ensuring user safety through comprehensive risk management systems and policies.