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Krisztian Sandor

Krisztian Sandor

Krisztian Sandor recently graduated from NYU's business and economic reporter program as a Fulbright fellow and worked with Reuters and Forbes previously. Originally from Budapest, Hungary, he is now based in New York. He holds BTC and ETH.

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Legal ruling. Silhouette of a judge's gavel. Cryptocurrencies and legality (Aitor Diago/Getty Images)
Policy
Court cases
Crypto Investors' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge
The class-action lawsuit alleged Maker-related entities misrepresented risks of holding collateral debt positions, resulting in heavy losses for some users.
Legal ruling. Silhouette of a judge's gavel. Cryptocurrencies and legality (Aitor Diago/Getty Images)
By Krisztian Sandor
Feb 24, 2023 at 11:00 p.m. UTC
Feb 24, 2023
Court CasesMaker Ecosystem Growth FoundationMakerDAOMakerRegulationLawsuitDAI
Platypus Unsplash
Technology
Exploit
DeFi Protocol Platypus to Repay at Least 63% of User Funds After $9M Hack
The Avalanche-based protocol worked with crypto exchange Binance to identify the exploiter responsible for last week's attack.
Platypus Unsplash
By Krisztian Sandor
Feb 23, 2023 at 6:04 p.m. UTC
Feb 23, 2023
ExploitDecentralized FinanceStablecoinAvalancheBinance
Algorithmic stablecoins seek balance through unconventional means. (eswaran arulkumar/Unsplash)
Markets
Stablecoin
Frax Finance Votes to Fully Collateralize Its $1B Stablecoin
The vote is a step for Frax’s native stablecoin frxUSD to retire its algorithmic element.
Algorithmic stablecoins seek balance through unconventional means. (eswaran arulkumar/Unsplash)
By Krisztian Sandor
Feb 22, 2023 at 11:03 p.m. UTC
Feb 22, 2023
StablecoinAlgorithmic stablecoinMarketsGovernanceCollateralized crypto
CDCROP: Computer Hacking Hackers (Shutterstock)
Technology
Exploit
BlockTower Capital Loses $1.5M in DeFi Market Aggregator Dexible Exploit: Blockchain Data
The hacker exploited a weakness in a smart contract code, allowing them to drain funds from certain crypto wallets. Crypto “whales” accounted for 85% of the losses.
CDCROP: Computer Hacking Hackers (Shutterstock)
By Krisztian Sandor
Feb 17, 2023 at 5:29 p.m. UTC
Feb 17, 2023
ExploitHackBlockTower Capital
CDCROP: Darkweb, darknet and hacking concept. Hacker with cellphone. Man using dark web with smartphone. Mobile phone fraud, online scam and cyber security threat. Scammer using stolen cell. (Getty Images)
Markets
Exploit
USP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M Attack
The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain security firm CertiK.
CDCROP: Darkweb, darknet and hacking concept. Hacker with cellphone. Man using dark web with smartphone. Mobile phone fraud, online scam and cyber security threat. Scammer using stolen cell. (Getty Images)
By Krisztian Sandor
Feb 16, 2023 at 9:34 p.m. UTC
Feb 16, 2023
ExploitDecentralized FinanceDeFiAvalancheFlash LoansAttacksStablecoin
CDCROP: Retro Rocket Moon AI Artwork (Midjourney/CoinDesk)
Markets
Trueusd
TrueFi’s TRU Token Rallies Over 200% After Binance’s TUSD Mint Sparks Speculation
The rally appears to come from traders mistakenly connecting TRU with TUSD, a stablecoin that had been issued by TrueFi in the past but now no longer is.
CDCROP: Retro Rocket Moon AI Artwork (Midjourney/CoinDesk)
By Krisztian Sandor
Feb 16, 2023 at 6:03 p.m. UTC
Feb 16, 2023
TrueUSDMarketsTradingInvestingBinanceBUSDStablecoin
CDCROP: Photo of FTX website (Rob Mitchell/CoinDesk)
Finance
Ftx collapse
Crypto Trading Firm Auros Global Restructures $18M in Debt on Maple Finance
Auros Global has missed its payments on decentralized finance loans since November, citing funds frozen on the collapsed crypto exchange FTX.
CDCROP: Photo of FTX website (Rob Mitchell/CoinDesk)
By Krisztian Sandor
Feb 15, 2023 at 10:16 p.m. UTC
Feb 15, 2023
FTX collapseLendingMaple finance
Tether logo (Nikhilesh De/CoinDesk)
Markets
Tether
Tether's USDT Gains $1B as Paxos Burns Over $1.8B of Binance USD Stablecoins
The increase comes as BUSD issuer Paxos faces increasing regulatory scrutiny.
Tether logo (Nikhilesh De/CoinDesk)
By Krisztian Sandor
Feb 15, 2023 at 10:15 p.m. UTC
Feb 15, 2023
TetherStablecoinUSDTBinanceBUSDNansenMarketsTradingPaxos
Nomura. (charnsitr/Shutterstock)
Finance
Nomura
Nomura’s Crypto Arm Invests in Institutional Hybrid DeFi Protocol Infinity Exchange
The investment showcases a growing trend of merging DeFi infrastructure and TradFi solutions to enable tokenizing traditional assets and to create blockchain-based markets for institutional investors.
Nomura. (charnsitr/Shutterstock)
By Krisztian Sandor
Feb 15, 2023 at 9:00 a.m. UTC
Feb 15, 2023
NomuraTradFiDeFi
Paxos burns BUSD (Nansen)
Markets
Binance
Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure
The BUSD supply decreased by more than 6% since Monday.
Paxos burns BUSD (Nansen)
By Krisztian Sandor
Feb 14, 2023 at 6:03 p.m. UTC
Feb 14, 2023
BinanceBUSDNew York Department of Financial ServicesStablecoinburnSEC