ChainCatcher news, according to TheBlock, cryptocurrency investment platform Truvius has completed a $3.2 million Pre-seed funding round, led by Galaxy Ventures, with participation from New Form Capital, Chainview Capital, and undisclosed angel investors.Truvius stated that it complies with SEC regulations and has partnered with Anchorage Digital, the only federally chartered cryptocurrency bank in the United States.

ChainCatcher news, according to Cointelegraph, the crypto investment platform Yield App has announced that it will immediately cease all operations on its platform.Previously, Yield App's assets were held by third-party hedge fund managers on the now-defunct cryptocurrency exchange FTX, and suffered portfolio losses, with related lawsuits still ongoing. Although Yield App had previously assured that its exposure to FTX was not significant, this announcement has raised questions about its transparency.Currently, Yield App has suspended community channels, but will remain open to the public through the support channels on its official website.

ChainCatcher news, according to the Bangkok Post, the Cyber Crime Investigation Bureau (CCIB) of Thailand has arrested four individuals from China and one from Laos, accusing them of colluding to commit transnational crimes, public fraud, and money laundering.At the end of 2022, with the assistance of the U.S. Department of Homeland Security and other international law enforcement agencies, affected investors came forward, claiming they suffered losses from investments made through the bchgloballtd.com website. The five individuals defrauded over 3,200 locals of more than 27 million dollars through a fraudulent cryptocurrency investment platform.

ChainCatcher news, according to TechCrunch, after canceling its plan to go public via SPAC at a valuation of $10.4 billion in 2022, the stock and crypto investment platform eToro completed a $250 million funding round at a valuation of $3.5 billion, with participation from ION Group, Social Leverage, SoftBank, and Spark Capital.Previously, ChainCatcher reported in May last year that eToro achieved significant success in 2021 due to its "bet" on the cryptocurrency business and announced its entry into the NFT space, launching a $20 million fund to purchase blue-chip NFTs and support emerging projects in the field. (Source link)

ChainCatcher news, Hong Kong crypto investment platform Q9 Capital has obtained provisional approval from the Dubai Virtual Assets Regulatory Authority (VARA) and plans to establish a regional hub in Dubai to help develop its virtual assets ecosystem. Additionally, the company plans to provide product creation and execution services to global asset and wealth management firms.It is reported that Q9 Capital was founded in 2020, and its investment engine and white-label solutions enable asset and wealth management institutions to create, execute, manage, and report digital asset investment strategies through a single UI. (source link)

ChainCatcher news, Freeway tweeted to explain the recent suspension of services and stated that multiple recovery plans are underway.Freeway mentioned that a trading strategy of theirs seems to have failed recently due to unexpected market fluctuations, resulting in significant losses. Two concurrent factors contributed to this: an unprecedented rise in the dollar and volatility in cryptocurrencies.It is worth noting that the custody services and trade execution provided by Ardu Prime Brokerage are unrelated to this failure. Additionally, the strategies used in the Earn and Protect Beta have been confirmed to run well and have fully implemented hard stop-losses at the brokerage level. However, the trading losses have had a huge impact on Freeway's portfolio, and Freeway is taking measures to ensure the safety of the remaining funds and has exited the losing strategies. Furthermore, Freeway is bringing in new expertise to manage the remaining funds while running multiple recovery plans, each of which is independent.The first recovery plan is the management and growth of the remaining funds, overseen by an experienced governance team working behind the scenes to maintain a more controlled environment and follow a model similar to that created for Earn and Protect.The second recovery plan is a strategy that Freeway started in June as a diversified opportunity, showing many positive potentials.The third recovery plan is a strategy involving the deployment of a significant amount of new funds in a brand new product, which is expected to be profitable. Freeway cannot disclose the details of this strategy until the funds are secured.The fourth recovery plan revolves around truly implementing Earn and Protect, with all user protections guaranteed by the AuBit Reserves Foundation.From now on, until Freeway can partially resume purchases and eventually fully repurchase (buy back) the Supercharger simulation, the community will participate in a voting system to better understand their views on the related plans.It is reported that two days ago, Terra researcher FatMan tweeted that Freeway has halted all withdrawals from the platform. The names of all team members have been removed from the website, raising suspicions of a Rug Pull involving an amount of up to $100 million. (Source link)

ChainCatcher news, according to The Block, the crypto investment platform Freeway announced on Sunday that it has halted services, causing its token FWT to drop over 80% in the past 24 hours, currently trading at $0.00145. Users on Telegram are unclear about the exact nature of the situation.It is reported that Freeway is a staking investment platform that offers annual rewards of up to 43% on its "Supercharger" products, which are priced in cryptocurrencies and fiat currencies. Users deposit funds and purchase yield-generating products, which they can then sell back and redeem their funds. (The Block)