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Households ‘still hurting from wholesale price surge’
Navigation for News Categories Power prices jumped notably when wholesale prices increased through August, data compiled by a retailer showed. Photo: 123RF New data calls into question power company claims that households have not been affected by the recent surge in wholesale power prices, one independent retailer says. Data compiled by electricity retailer Electric Kiwi
DeFi Protocol Penpie Exploited for $27M of Crypto Assets; PNP Token Craters 40%
Decentralized finance (DeFi) protocol Penpie, built on top of tokenized yield platform Pendle, suffered an exploit on Wednesday, crypto observers reported. The alleged exploiter drained roughly $27 million of crypto assets including various types of staked ether (ETH), Ethena’s sUSDE and wrapped USDC stablecoin from the protocol, blockchain data shows. Later, it converted the proceeds
Federal Judge Threatens Ryan Salame With Sanctions After Former FTX Exec Says He Lied About Plea Deal Last Year
A federal judge on Thursday threatened former FTX executive Ryan Salame with sanctions. Salame admitted to lying to the judge about persecutors not making promises to him as part of his plea deal last year. The judge said he would need time to consider next steps on the matter but told Salame he will have