Cryptocurrency

"Blockchain.com to Sunset London-Based Crypto Asset Management Arm"

2023-03-09 [vendor] Blockchain.com shutters asset management arm [chain] bitcoin
Primary Source ↗
Blockchain(s) Bitcoin

Incident Details

After launching an asset management business less than a year ago, Blockchain.com has announced they will be shuttering it. They blamed the ongoing “crypto winter” as contributing to the decision. The UK-based firm had planned to offer “algorithm-based risk-managed exposure” to Bitcoin, which may have proven challenging in a year of declining Bitcoin prices.

Technical Details

Initial Attack Vector
Protocol collapse / insolvency
Vendor / Product
Blockchain.com shutters asset management arm

Timeline

  1. 2023-03-09 Breach occurred
  2. 2023-03-09 Publicly disclosed