Azeem Ahmed, founder of Mochi Finance, sold 550,285 CVX for $946K, causing a 10% price drop. He faces allegations of diverting over $54M in DeFi funds via Curve pool exploit and governance attacks.
Mochi Finance founder Azeem Ahmed sold 550,285 CVX tokens for approximately $946,000, triggering a 10% CVX price drop. The tokens originated from a 2021 Curve pool attack causing over $54 million in losses. Investigations reveal diverted rewards exceeding $8 million, facing SEC and FBI probes.
Mochi Finance founder Azeem Ahmed sold 550,000 CVX for $946K, causing a 10% price drop. The tokens originated from a 2021 Curve pool drain causing over $54M in losses. He faces fraud allegations across multiple DeFi projects, with diverted rewards exceeding $8M. The sale signals potential further liquidation.
Mochi Finance founder Azeem Ahmed sold 550,285 CVX tokens for ~$946,000, triggering a 10% price drop. On-chain probes link the funds to a 2021 Curve pool drain and allege over $54M in total losses across multiple projects, with potential SEC and RICO charges.
Mochi Finance founder Azeem Ahmed sold 550,285 CVX for ~$946K, triggering a 10%+ drop. The tokens originate from a 2021 Curve pool exploit linked to $54M in losses. He faces fraud claims across four DeFi projects, with further sales posing liquidity risks to CVX.
Plan B Network and the Plan B VC Fund have launched CypherTank, a Bitcoin-focused pitch competition in Lugano with more than $850,000 in prizes. The contest will feature 11 selected projects across for-profit and nonprofit categories, with judges including Paolo Ardoino of Tether and Adam Back of Blockstream.
Plan B Network and the Plan B VC Fund have unveiled CypherTank, a Bitcoin-focused pitch competition taking place in Lugano during the Plan B Forum. The competition offers over $850,000 in total prizes, with 11 carefully selected projects competing across on-chain technology, Lightning Network, peer-to-peer innovations, and emerging market solutions. The judging panel includes industry leaders such as Paolo Ardoino (Tether), Adam Back (Blockstream), Matt Odell (Ten31), Mike Jarmuz (Lightning Ventures), and Preston Pysh (Ego Death). For-profit winners will receive a $450,000 pre-authorized investment plus $200,000 in incubation services, while nonprofit winners will share a $200,000 non-dilutive grant. The competition aims to establish Lugano as a premier Bitcoin hub.
Plan B Network and Plan B VC Fund have unveiled CypherTank, a Bitcoin-focused pitch competition taking place in Lugano during Plan B Forum. With over $850,000 in total prizes, the event features 11 selected projects (8 for-profit, 3 nonprofit) competing in categories such as on-chain Bitcoin tech, Lightning Network apps, and peer-to-peer innovations. Winners include a $450,000 pre-authorized investment for for-profit teams plus $200,000 in incubation, while nonprofits share $200,000 in grants. The judging panel includes Paolo Ardoino (Tether), Adam Back (Blockstream), Matt Odell, Mike Jarmuz, and Preston Pysh. Semifinals on October 22 and finals on October 27, 2025. Applications are open now.
