News Heat Trend
Project Overview
Ready is the onchain alternative to your bank. Built for people who want to control, grow, and actually use their crypto in the real world. Formerly known as Argent.
Related news
Crypto card issuer Kulipa suddenly collapses, Ready, Solflare and multiple other crypto card projects forced to halt
According to The Defiant, Paris-based startup Kulipa suddenly ceased operations due to solvency issues, causing the simultaneous disruption of card projects for approximately 20 crypto wallets and fintech companies it served. Self-custody wallet Ready (formerly Argent) and Solana wallet Solflare were both affected, with user card services immediately disabled. Since both wallets utilize a self-custody architecture, funds are deducted from user wallets only at the time of spending, so user assets remained unaffected. Notably, Kulipa completed a $6.2 million seed funding round co-led by Flourish Ventures and 1kx in April this year, only about 4 months prior to its collapse.
CFTC Charges North Carolina Man in $14 Million Crypto and Futures Fraud Scheme
Odaily, the U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against North Carolina resident Trevor Vernon and his company, Argent Capital Management LLC, accusing them of defrauding approximately 60 investors out of a total of $14 million through a fraudulent commodity pool.According to the complaint filed by the CFTC on Tuesday in the U.S. District Court for the Western District of North Carolina, the commodity pool operated by Vernon and his company involved trading in multiple asset classes, including stock index futures options, stock index futures contracts, and crypto assets.The CFTC alleges that Vernon misled investors by portraying himself as a "successful trader" through quarterly financial updates and monthly performance review emails. In reality, however, he incurred substantial losses while trading with investor funds.The regulator stated that Vernon suffered cumulative losses of at least $8.6 million from trading futures, options, and crypto assets. The CFTC claims that his actual trading results were marked by "consistent and catastrophic losses," which significantly contradicted the profitability he presented to investors.