Cryptocurrency
"Blockchain.com to Sunset London-Based Crypto Asset Management Arm"
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
- 2023-03-09 Breach occurred
- 2023-03-09 Publicly disclosed