Published on: 2025-05-02 14:06:15
EV startup Lucid Motors has emerged as a surprise winner in the bankruptcy auction for electric trucking company Nikola’s Arizona factory and other assets, according a late Thursday night court filing. Lucid committed around $30 million in cash and non-cash considerations in exchange for the factory, Nikola’s lease on its Phoenix headquarters, and “certain machinery, equipment and inventory,” according to the filing. As part of the deal, Lucid is planning to make offers to around 300 former Ni
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Find related items on AmazonPublished on: 2025-05-05 19:53:59
The sale of bankrupt EV startup Canoo’s assets to its CEO has been okayed by the judge overseeing the case. After evaluating a number of limited objections to the sale, Judge Brendan Shannon said in a hearing Wednesday he believes the process was fair, and that no one else but Canoo CEO Anthony Aquila made a bid. Shannon’s decision, once formalized, paves the way for Aquila to buy most of the assets of the EV startup for around $4 million in cash. Aquila plans to offer services to customers suc
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Find related items on AmazonPublished on: 2025-05-17 11:44:24
Epic Games announced on Wednesday the acquisition of Loci, an AI platform for automated tagging 3D assets. The deal will help creators with the labor-intensive process of tagging as well as to help detect potential intellectual property (IP) violations. Loci, which uses computer vision models to understand 3D content, automatically tags 3D assets, making content easier to search, share, and discover. Due to the large number of assets that creators often need to manage, the new integration is li
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Find related items on AmazonPublished on: 2025-05-22 07:58:52
Electric trucking company Harbinger has filed an objection to the sale of Canoo’s assets to its CEO, potentially throwing a wrench into the two-month-old bankruptcy case. Harbinger’s objection, filed late Friday, accuses Canoo of hiding certain assets from the sale process, including what the startup purchased from another bankrupt EV company, Arrival. It also accuses Canoo of listing assets that Harbinger believes the startup did not actually own (though it did not specify which ones). Harbing
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Find related items on AmazonPublished on: 2025-06-04 10:34:52
The U.S. Department of Treasury announced today that it has removed sanctions against Tornado Cash, a cryptocurrency mixer used by North Korean Lazarus hackers to launder hundreds of millions stolen in multiple crypto heists. The Department's Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash in August 2022 for helping launder over $7 billion since its creation in 2019. North Korea's Lazarus hacking group used the decentralized mixer to launder roughly $455 million of the $620 mil
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Find related items on AmazonPublished on: 2025-06-27 00:41:01
is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. President Donald Trump has signed an executive order to establish a Bitcoin reserve held by the US government. The reserve, which crypto czar David Sacks has likened to a “digital Fort Knox,” will include the assets the government collected as part of criminal or civil forfeitures – currently estimated at around 200,000 Bitcoin. Along with Bitcoin,
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Find related items on AmazonPublished on: 2025-06-27 03:48:25
Ahead of the first-ever White House Crypto Summit Friday, President Donald Trump signed an executive order establishing a strategic bitcoin reserve that a factsheet claimed delivers on his promise to make America the "crypto capital of the world." Trump's order requires all federal agencies currently holding bitcoins seized as part of a criminal or civil asset forfeiture proceeding to transfer those bitcoins to the Treasury Department, which itself already has a store of bitcoins. Additionally,
Keywords: assets bitcoin digital order trump
Find related items on AmazonPublished on: 2025-06-27 08:48:25
Ahead of the first-ever White House Crypto Summit Friday, President Donald Trump signed an executive order establishing a strategic bitcoin reserve that a factsheet claimed delivers on his promise to make America the "crypto capital of the world." Trump's order requires all federal agencies currently holding bitcoins seized as part of a criminal or civil asset forfeiture proceeding to transfer those bitcoins to the Treasury Department, which itself already has a store of bitcoins. Additionally,
Keywords: assets bitcoin digital order trump
Find related items on AmazonPublished on: 2025-06-28 04:40:04
Earlier losses in other coins – specifically those that rallied at the beginning of the week after Trump said they would be included in the strategy – also eased. Ether was down 2%, trading at $2,184.08. XRP and Solana's SOL token retreated 1% and 3%, respectively. Cardano's ADA token tumbled 13%. The price of bitcoin was last lower by 3% at $87,586.86, according to Coin Metrics. Shortly after the news broke, it fell to as low as $84,688.13. White House crypto and AI czar David Sacks detailed
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Find related items on AmazonPublished on: 2025-07-01 03:22:45
The CEO of Canoo is buying nearly all of the defunct EV startup’s assets out of bankruptcy, according to a court filing. A new entity controlled by the CEO, Anthony Aquila, has offered to purchase “substantially all” of the assets for $4 million in cash. The sale will also wipe clean a more-than-$11 million debt Canoo owed to a financial firm run by Aquila, which loaned money to the startup during its final months. The sale proposal comes just six weeks after Canoo filed for a Chapter 7 bankru
Keywords: aquila assets canoo ev million
Find related items on AmazonPublished on: 2025-07-12 03:02:31
In Brief The FBI said the North Korean government is “responsible” for the hack at crypto exchange Bybit, which resulted in the theft of more than $1.4 billion in Ethereum cryptocurrency. On Wednesday, the bureau released a public advisory, attributing the hack to a group known as TraderTraitor. Contact Us Do you have more information about the Bybit hack, or other crypto heists? From a non-work device and network, you can contact Lorenzo Franceschi-Bicchierai securely on Signal at +1 917 257
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Find related items on AmazonPublished on: 2025-07-12 22:22:10
FBI has confirmed that North Korean hackers stole $1.5 billion from cryptocurrency exchange Bybit on Friday in the largest crypto heist recorded until now. The state-sponsored hacking group (tracked as TraderTraitor, Lazarus Group, and APT38) intercepted a scheduled transfer of funds from one of Bybit's cold wallets into a hot wallet, subsequently redirecting the cryptocurrency to a blockchain address under their control. "The Federal Bureau of Investigation (FBI) is releasing this PSA to advi
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Find related items on AmazonPublished on: 2025-07-14 12:43:19
Bybit said it replenished its reserves following a $1.5 billion hack last week, the largest in the history of the crypto industry. In less than 72 hours, Bybit pieced together hundreds of thousands of ether tokens through a mix of emergency loans and large deposits. While the rapid recovery restored the exchange's balance and kept customer withdrawals open, it didn't account for the stolen crypto. The breach occurred during a routine internal transfer, when Bybit was moving funds from its offl
Keywords: assets bybit ether reserves stolen
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