Prime Core Technologies said that “under prior management" it had lost $6 million in user funds and $2 million treasury funds through investments in the algorithmic stablecoin.
Patrick Hillmann confirmed in a tweet that would be departing the company "on good terms" after a two-year stint. The departure comes amid a trying time for Binance.
“We’re seeing another wave of Bitcoin interest, largely driven by business and institutional adoption,” says Alex Leishman, River CEO. “It’s not fueled by hype.”
The Terraform Labs executive reportedly established a company called “Codokoj22 d.o.o. Beograd” in Serbia, with its main business activity listed as consultancy services.