Hacked Cryptocurrency Exchange Cryptopia Goes Into Liquidation

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Cryptopia, the crypto exchange hit by a major hack in mid-January, has appointed professional services firm Grant Thornton as liquidator.

Grant Thornton Attests USDC Is Backed by Fiat, Huobi Sets Up Communist Party Branch

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In exchange news, we look at a major accounting firm’s attestation that all USDC tokens issued by Circle are fully backed by fiat dollars. We also focus on a Huobi Group subsidiary that has set up a Chinese Communist Party branch, as well as Bakkt, which has listed the reasons behind its move into bitcoin.…