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Crypto attorney says Drift incident may qualify as 'civil negligence'

A crypto attorney has suggested that the recent incident involving Drift, a decentralized finance platform, could potentially be classified as 'civil negligence.' This assertion arises from concerns over the platform's handling of a significant exploit that led to substantial financial losses for users. The attorney emphasized that the lack of adequate security measures and risk management could expose Drift to legal liabilities. The incident has sparked discussions within the crypto community about the responsibilities of DeFi platforms in safeguarding user assets. Legal experts are closely monitoring the situation to determine potential ramifications for Drift and similar platforms.

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Here’s what happened in crypto today

The crypto market experienced a significant downturn today, with Bitcoin dropping below $27,000 for the first time in several weeks. Major altcoins also saw declines, with Ethereum and Binance Coin both losing value. Market analysts attribute the drop to increased regulatory scrutiny and macroeconomic concerns affecting investor sentiment. Additionally,

Bitcoin preps highest weekly close since January as BTC price nears $79K

Bitcoin is on track for its highest weekly close since January, with its price approaching $79,000. The cryptocurrency has seen significant gains recently, driven by increased institutional interest and positive market sentiment. Analysts suggest that if Bitcoin maintains this momentum, it could break through key resistance levels. The growing

Strategy takes Bitcoin buying breather ahead of Q1 earnings report

A prominent Bitcoin investment strategy has paused its buying activities as it approaches the Q1 earnings report period. This decision comes amid market volatility and uncertainty regarding the performance of major companies. Analysts suggest that the strategy's temporary halt may be a cautious approach to assess market conditions

Crypto is at bottom of U.S. voters' priorities heading into elections, CoinDesk survey shows

A recent CoinDesk survey reveals that cryptocurrency ranks low on the list of priorities for U.S. voters as they approach the upcoming elections. Only 4% of respondents identified crypto as a key issue, placing it behind concerns like inflation, healthcare, and the economy. The survey highlights that while interest

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Here’s what happened in crypto today

Bitcoin preps highest weekly close since January as BTC price nears $79K

Strategy takes Bitcoin buying breather ahead of Q1 earnings report

Crypto is at bottom of U.S. voters' priorities heading into elections, CoinDesk survey shows