Stanford University plans to return millions of dollars it received from the now-bankrupt crypto exchange FTX and its affiliate companies, according to Bloomberg, This decision comes amidst a lawsuit from FTX advisers seeking to reclaim funds owed to the exchange’s customers. The lawsuit alleges that Allan Joseph Bankman and Barbara Fried, parents of FTX co-founder The post Stanford to return millions in FTX donations amid lawsuit alleging misuse by SBF’s parents appeared first on CryptoSlate.

In finance, ‘smart money’ typically refers to institutional or professional investors presumed to possess greater market knowledge and resources. However, an intriguing pattern emerges when examining the top holders across major DeFi platforms. CryptoSlate analyzed the top 5 wallets (excluding funds and exchanges) and the top 5 fund wallets from major DeFi platforms listed on The post Is ‘smart money’ that smart? Top 5 DeFi wallets have unrealized losses appeared first on CryptoSlate.

Netcoins, the online cryptocurrency brokerage owned by BIGG Digital Assets, claims to have detected and prevented a cybersecurity breach on Sept. 17. Its internal control systems identified suspicious activity on its hot wallets and blocked unauthorized crypto-asset withdrawals. A statement from the company reported that the incident led to the withdrawal of coins from Netcoins’ The post Netcoins averts cybersecurity attack limiting losses to $250k, customer funds secure appeared first on CryptoSlate.

The bankrupt cryptocurrency exchange FTX is suing the parents of founder Sam Bankman-Fried for allegedly manipulating their relationships to divert millions of dollars out of the company improperly. Alameda Research LLC, Alameda Research Ltd., FTX Trading Ltd., West Realm Shires, Inc., and West Realm Shires Services Inc. (FTX.US) filed a complaint in Delaware bankruptcy court The post SBF’s parents accused of masterminding parts of FTX deception, appropriating over $30M appeared first on CryptoSlate.

From securing blockchain transactions to enhancing privacy, Zero-Knowledge Proofs (zk-proofs) is a transformative technology reshaping the future of finance. Let’s peel back the layers of this complex concept, from a five-year-old’s perspective to a fifty-year-old’s, and explore what it means for our emerging web3 economy. Spoiler: The words security and privacy come up a lot. The post ELI5:50 – What is a Zk-proof and why it matters for the future of finance appeared first on CryptoSlate.