The most significant flash loan attack in the BNB Chain was reported on Oct. 11 when an MEV bot made a massive arbitrage profit of $1.575 million. The attack, which passed through the Pancakeswap DEX network, only cost the perpetrating bot a fee of $4.16, leaving them with humongous profits. Large Single Flash Loan Attack...Read More
Ark Invest, led by Cathie Wood, has taken a significant step forward by filing an updated version of its spot Bitcoin ETF prospectus. The move is in response to recent feedback from the U.S. Securities and Exchange Commission (SEC) asking for clarifications on some concerns. Changes to Ark Invest’s Spot Bitcoin ETF Prospectus Eric Balchunas,...Read More
Leading liquid staking protocol Lido Finance revealed on Wednesday that 20 Ethereum validators related to one of its infrastructure partners had been slashed of their ETH holdings. The company said its penalties already amount to 20.04 ETH, currently worth $30,900. What is “Slashing?” In an update over Twitter, Lido said that the problematic validators –...Read More
Avalanche-based social app Stars Arena has recovered almost all the assets it lost during a recent security breach. According to an official update from the Stars Arena team, the hacker agreed to return the stolen $2.9 million in AVAX tokens for a 10% bounty and 1,000 AVAX lost in a bridge. Stars Arena Recovers Lost...Read More
In a recent filing, Voyager Digital, a once-thriving crypto firm, has agreed to a $1.65 billion settlement with US regulators, marking one of the largest fines ever imposed in the sector. Additionally, a legal cloud is gathering around the firm’s former CEO, Stephen Ehrlich, as regulators file a lawsuit against him, alleging a series of...Read More
Alameda Research, affiliated with FTX, will receive $175 million from GGC as the United States Bankruptcy Court for the Southern District of New York endorsed the settlement agreement between the exchange and Genesis Global Holdco. The news comes amid Sam Bankman-Fried’s trial, which has revealed the inner workings at both FTX and Alameda, including financial...Read More
Bitcoin short-term holders’ supply has taken a severe hit this year, while the asset itself wiped all the gains of ‘Uptober’ following several corrections and a failure to launch a meaningful rally. But as the price of Bitcoin recovers, the STH NUPL metric approaching equilibrium could spell trouble for the market, putting the asset at...Read More
A former engineer at Alameda Research, the sister hedge fund of FTX, alleges that the firm incurred losses exceeding $190 million due to preventable scams. Aditya Baradwaj, the whistleblower, emphasized the frequent “significant security incidents” resulting from the firm’s fast-paced operations. These allegations were documented in a post titled “The Hacks” on the platform X....Read More
Caroline Ellison, the former CEO of the bankrupt crypto exchange FTX’s sister trading firm Alameda Research, has testified against Sam Bankman-Fried (SBF), her ex-boyfriend and the former CEO of FTX, revealing that he tried to use other accounts to unlock some funds frozen by authorities in 2021. According to a tweet by Laura Shin, crypto...Read More
In the most salacious testimony on Wednesday, Ellison said she and a handful of FTX and Alameda executives “paid a large bribe to Chinese officials” to secure funds locked on Chinese exchanges. This is the most explosive testimony ever. She spilled more than the court could digest; however, the defense is yet to counter the...Read More
In a recent development, the Real USD (USDR) stablecoin lost its peg to the U.S. dollar, causing its value to plummet to just $0.5. TangibleDAO, the entity responsible for USDR, points to a liquidity issue as the cause of the stablecoin’s rapid depreciation. TangibleDAO Cites Liquidity Issue in USDR’s Depegging On Oct. 11, the Real...Read More
Tomorrow, a new BIGTIME listing – BIGTIMEUSDT – will be available to trade with up to 10x leverage on BitMEX. For the lowdown on this new BIGTIME listing, read on. Or if you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,000 in BMEX Tokens for verified users- you can...Read More
TL;DR Shiba Inu community warned about misleading emails and an unofficial LinkedIn account. Shiba Inu’s Ragnar clarifies that SHIB isn’t on the Fantom (FTM) chain. Officials caution against misused SHIB logos, suspicious Dapps, and trading the token Calcium (CAL). More SHIB Alerts The Shiba Inu community received another stark warning regarding circulating fraudulent emails in the space....Read More
A new pilot program launched by the BIS, Eurosystem, De Nederlandsche Bank, and the Deutsche Bundesbank this month aims to give them surveillance over international flows of crypto assets. Project Atlas is a proof-of-concept that aims to combine data from crypto exchanges with on-chain data. This will be available on a single analytics platform “for...Read More
[PRESS RELEASE – Shanghai, China, October 12th, 2023] The 23rd China International Industry Fair (CIIF) held at the National Exhibition and Convention Center in Shanghai brought together the world’s industrial leaders, showcasing cutting-edge innovations from across the globe. Conflux Network stood out as the exclusive representative of Web3 technology, highlighting Conflux’s significance in the evolving...Read More
Galxe, a Web3 credentials and rewards platform, has taken measures to reassure its community in response to last week’s DNS attack. The platform announced a refund totaling slightly over $396,000 for over 980 affected users, along with an additional 10% compensation on the lost funds. The funds of impacted users will be automatically returned to...Read More
