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Forsage co-founder Olena Oblamska extradited, pleads not guilty in $340M Ponzi case Olena Oblamska, a Ukrainian national also known as Lola Ferrari, has been extradited from Thailand to face federal c

Forsage co-founder Olena Oblamska extradited, pleads not guilty in $340M Ponzi
case
Olena Oblamska, a Ukrainian national also known as Lola Ferrari, has been extradited from Thailand to face federal charges in Oregon for her alleged role in Forsage, a DeFi platform that prosecutors say operated as a $340 million Ponzi and pyramid scheme.
She has pleaded not guilty to conspiracy to commit wire fraud.
What was Forsage, and how did it work Forsage launched in 2019 and marketed itself as a decentralized, smart-contract-based investment platform. The pitch was familiar: low risk, high yields, all powered by the magic of DeFi. In reality, according to prosecutors, the platform had no genuine underlying economic activity.

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Forsage co-founder Olena Oblamska extradited, plea

Grab Your Share of the 300 USDT Prize Pool!WETH markets return to normal on Aave amid rsETH recovery progress Aave users are now able to borrow against wrapped Ether on the decentralized finance proto

WETH markets return to normal on Aave amid rsETH recovery progress
Aave users are now able to borrow against wrapped Ether on the decentralized finance protocol again, as the Kelp DAO exploit recovery plan continues to progress.

Aave founder Stani Kulechov said in an X post Sunday that the protocol restored loan-to-value (LTV) ratios for wrapped Ether (WETH) to pre-incident levels across all affected networks: Aave V3 Ethereum Core, Ethereum Prime, Arbitrum, Base, Mantle and Linea.

“The next step in the rsETH technical recovery plan has been completed with the restoration of WETH LTVs to their pre-incident levels across all affected networks. Users can now once again borrow against WETH on Aave, including through collateral and debt swaps,” Kulechov said.

The temporary freeze on WETH was a precautionary safety measure enacted in response to the exploit, according to Aave, alongside freezes on the rsETH and wrsETH reserves. However, in a governance proposal that passed on Saturday, the protocol said that given the demonstrated progress in recovery, the freeze can be “lifted now without compromising user protection.”

The development marks the final part of “Phase II” of the rsETH recovery plan, which also included restoring rsETH's backing using the Ether frozen after the exploit and donated tokens from the DeFi United coalition and allowing withdrawals.

Total value locked on Aave down after Kelp exploit

Hackers believed to be linked to North Korean state-backed actors stole 116,500 Kelp DAO Restaked Ether tokens on April 18 from Kelp DAO’s LayerZero-powered bridge, then used them as collateral on Aave V3 to borrow wrapped Ether, resulting in about $195 million in bad debt on Aave.

Total value locked (TVL) on Aave dropped by more than $8 billion following the exploit, according to DefiLlama. As of Monday, its TVL is about $14.8 billion, down from $23.5 billion in March.

Tom Wan, head of data at consulting firm Entro

WETH markets return to normal on Aave amid rsETH r

MEGA: Real-Time Execution Layer for Ethereum

Grab Your Share of the 300 USDT Prize Pool!HTXSquare: Global Markets After Trump China VisitBTC Shakes at $80K—Up or Down? Forsage co-founder Olena Oblamska extradited, pleads not guilty in $340M Ponz


Forsage co-founder Olena Oblamska extradited, pleads not guilty in $340M Ponzi case
Olena Oblamska, a Ukrainian national also known as Lola Ferrari, has been extradited from Thailand to face federal charges in Oregon for her alleged role in Forsage, a DeFi platform that prosecutors say operated as a $340 million Ponzi and pyramid scheme. She has pleaded not guilty to conspiracy to commit wire fraud.

What was Forsage, and how did it work
Forsage launched in 2019 and marketed itself as a decentralized, smart-contract-based investment platform. The pitch was familiar: low risk, high yields, all powered by the magic of DeFi. In reality, according to prosecutors, the platform had no genuine underlying economic activity.

Grab Your Share of the 300 USDT Prize Pool!Senior Analyst Benjamin Cowen Warns Against a “False Rally” in Bitcoin Benjamin Cowen, a leading analyst in the cryptocurrency market, assessed Bitcoin’s cur

Senior Analyst Benjamin Cowen Warns Against a “False Rally” in Bitcoin
Benjamin Cowen, a leading analyst in the cryptocurrency market, assessed Bitcoin’s current state and the psychology of the bear market in his new analysis. Speaking through historical data and cycles, Cowen warned investors against misleading price increases.

Cowen, commenting at a time when Bitcoin was trading just above the $78,000 level, argued that bear markets are extremely difficult to manage psychologically.

The analyst stated, “Bear markets always fool both bulls and bears,” adding that the temporary and misleading rallies seen during these periods are inherent to the market.

Cowen countered the prevailing market sentiment of “This time it’s different, we’ve never seen a bear market rise for this long,” by citing examples from past cycles. He reminded viewers that in the bear markets of 2014, 2018, and 2022, it took between 15 and 25 weeks to reach a new low, whereas only 14 weeks have passed in the current situation.

Related News The Amount of Bitcoin Held by Long-Term Investors Has Reached Its Highest Level in the Past Year

Cowen stated that June has historically always been a significant turning point (bottom or local peak) for Bitcoin, and predicted that the main market direction could shift further downwards towards October or the fourth quarter of the year.

The analyst noted that Bitcoin is currently struggling to overcome the 200-day moving average, a critical threshold it finds difficult to surpass in bear markets, and that even potential rises to $85,000 based on historical resistance levels would not break the main downtrend.

Referring to Bitcoin’s performance against other assets, Cowen said, “Bitcoin advocates may be mocking gold, but Bitcoin has lost 58% of its value against gold since December 2024.”

He claimed that gold would continue its rise towards the end of the year, while Bitcoin could lose another 45% of its value 

Senior Analyst Benjamin Cowen Warns Against a “Fal

Finance ministers from the G7 nations gathered in Paris on Monday to address rising global economic tensions, supply chain risks, and critical mineral dependence as geopolitical divisions continue to 

G7 Finance Ministers Meet in Paris Amid Global Trade and Economic Tensions - EconoTimes

Grayscale, VanEck amend US spot BNB ETF filings, stepping closer to a potential launchAsset managers Grayscale and VanEck filed amended S-1 registration statements for their respective spot $BNB excha

Grayscale, VanEck amend US spot BNB ETF filings, stepping closer to a potential launchAsset managers Grayscale and VanEck filed amended S-1 registration statements for their respective spot $BNB exchange-traded funds on Friday, bringing the cryptocurrency one step closer to becoming an approved US crypto ETF.
Grayscale filed its second amendment, while VanEck submitted its fifth on Friday. S-1s are one of the main filings that ETF issuers must submit to the SEC for approval, detailing everything from the ETF's structure and strategy to management fees and risks.
"Another amended S-1 from [Grayscale] on the $BNB ETF... have to guess they are going off feedback from SEC and trying to launch in near future? Could be the next crypto asset to get a spot ETF in the US," said Bloomberg ETF analyst James Seyffart.

Grayscale, VanEck amend US spot BNB ETF filings, s

With respect this is just my opinion. I genuinely think Grant is massively under qualified when it comes to economy / markets. He hit the golden years aka ‘American Dream’ in the housing market after 

$MET Completes the final TP3 target, a clean short trade {future}(METUSDT) The MET short trade has reached all targets, a beautiful and profitable dip 🔥 For those who entered from the 0.14860 – 0.1492

Artificial intelligence startup Anthropic is preparing to discuss potential cyber vulnerabilities in the global financial system linked to its latest Al model, Mythos, with members of the Financial St

Artificial intelligence startup Anthropic is preparing to discuss potential cyber vulnerabilities in the global financial system linked to its latest Al model, Mythos, with members of the Financial Stability Board (FSB), according to a report by the Financial Times published Monday.
Sources familiar with the matter said the discussions will focus on how advanced Al systems could expose weaknesses in banking infrastructure, digital finance platforms, and global cybersecurity defenses. The reported meeting highlights growing concerns among regulators and financial institutions over the rapid advancement of artificial intelligence and its possible impact on financial stability. As Al models become more powerful, experts warn they could be exploited for sophisticated cyberattacks, financial fraud, automated hacking, and large-scale data
manipulation. Anthropic, one of the leading Al companies competing in the fast-growing generative Al sector, has been increasingly involved in conversations surrounding Al safety, governance, and responsible development. Its Mythos model is reportedly capable of advanced reasoning and automation, raising questions about how emerging Al technologies could influence sensitive industries such as banking, insurance, and digital payments.The Financial Stability Board, an international body that monitors and makes recommendations about the global financial system, has been paying closer attention to cybersecurity threats connected to artificial intelligence. Regulators worldwide are working to balance innovation in Al with safeguards designed to protect critical infrastructure and financial markets from emerging digital risks.Reuters stated it could not immediately verify the Financial Times report. Neither Anthropic nor the Financial Stability Board publicly confirmed the planned discussions at the time of publicati

Artificial intelligence startup Anthropic is prepa

Crypto Payments App Oobit Expands to Colombia After Explosive 200% Growth in BrazilGrab Your Share of the 300 USDT Prize Pool!HTXSquare: Global Markets After Trump China VisitHTX Creation Challenge — 

Crypto Payments App Oobit Expands to Colombia After Explosive 200% Growth in Brazil

The crypto payments company announced its launch in Colombia, becoming its ninth live market, as it prepares for a significant growth of crypto adoption in the country. The Colombian peso ranked second among centralized exchange stablecoin purchases, signaling growing demand for crypto payment methods.

Key Takeaways:

Backed by a $25M Tether round, Oobit launched its crypto payment card in Colombia, its 9th market.
In Brazil’s massive crypto economy, Oobit users average 20 transactions per month, mostly using $USDT.
Following large growth in the region, Oobit CEO Amram Adar seeks to expand digital asset utility in Latam.
Oobit Launches Officially in Colombia
While crypto is mainly viewed as a vehicle for speculation in some markets, users in Latam are increasingly leveraging crypto for everyday payments.

Oobit, a non-custodial cryptocurrency payments company that allows users to leverage their crypto funds through a credit card, has announced its official launch in Colombia, one of the largest markets for stablecoins in Latam. Colombia becomes the ninth live market for Oobit, after Argentina, Brazil, and Chile in Latam.

Crypto Payments App Oobit Expands to Colombia Afte

领多米尼克数字身份，观元宇宙未来发展。

领多米尼克数字身份，观元宇宙未来发展。<img src="https://content-all-s3.hbfile.net/images/2022-12-16/2ff2fea3b4867d4ba717c0f17b121679.jpg" alt="Screenshot_20221216_144733.jpg" style="width:100%; height:auto; margin-top: 10px; margin-bottom: 10px"><br><br>

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