Galaxy Digital Abandons $1.2B Plan to Acquire BitGo; and Another Stablecoin Tumbles After Hackers Exploit Bug

"The Hash" hosts discuss Galaxy Digital walking away from its plan to buy crypto custody firm BitGo.  Also, an update on the depegging that happened on Sunday of Acala’s native stablecoin, aUSD, tumbled after hackers exploited a bug. In a final topic Terraform founder Do Kwon speaks out on his first interview since the $45 billion collapse of Terra.

See also: DeFi Platform Acala’s Stablecoin Falls 99% After Hackers Issue 1.3B Tokens

Galaxy Digital Abandons $1.2B Plan to Acquire Crypto Custody Firm BitGo

Crypto Custody Firm BitGo to Sue Galaxy Digital for Abandoning $1.2B Merger Agreement

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This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”