Ron Conway, a major Democratic donor, has cut ties with crypto PACs after they pledged $12 million to defeat Sen. Sherrod Brown without his approval, citing concerns over the impact on crypto legislation efforts.
SanyaOn April 12, users of Pac Finance, a lending app on Blast, claimed that they suffered a liquidation of $24 million on April 11 due to a sudden change in parameters of the developer wallet.
JinseFinancePac Finance, an Aave derivative on Ethereum's Blast network, experienced a major liquidation event due to an unexpected reduction in the liquidation threshold. Stani Kulechov raised concerns over $26 million in unnecessary liquidations, stressing the risks of forking code. The platform is addressing the issue with affected users through improved communication and planning.
EdmundPAC has successfully gathered a total of $85 million in funding for pro-cryptocurrency politicians to date.
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BitcoinistRecord spending in a Democratic House primary could not give a political newcomer the boost he needed to overcome a local politician with a long career.
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BitcoinistThe Protect Our Future PAC used more than $9 million toward mainly digital, television and radio ad buys for U.S. House of Representatives candidates' campaigns.
Cointelegraph