The cryptocurrency industry has recently witnessed yet another unfortunate incident involving a hacking attack. This time, the target was the official Twitter account of Gutter Cat Gang, a popular NFT collection built on the Ethereum network. The attack compromised the account of one of the project’s co-founders, and as a result, an estimated amount between $750,000 and $900,000 was lost….
Arbitrum Network-based Rodeo Finance lost 472 ether ($888,000) in a DeFi exploit today. Blockchain security firm PeckShield revealed that the Rodeo Finance hacker transferred the stolen funds from Arbitrum to Ethereum. Further analysis revealed that the attacker exchanged the stolen tokens for various other assets before converting them back to ether. Hackers once again used Oracle manipulation…
Former Securities and Exchange Commission (SEC) chairman Jay Clayton has said that a spot Bitcoin (BTC) exchange-traded fund (ETF) is likely to get approved if it can be shown that the Bitcoin spot market offers the same “efficacy” as the futures market. “If they’re [applicants] right—that the spot market has similar efficacy to the futures market—it would…
USD Coin (USDC) issuer Circle has frozen $63 million belonging to three wallet addresses associated with the hack of the cross-chain bridge platform Multichain. In a Friday tweet, security firm PeckShield revealed that Circle has frozen $27.65 million, $30.1 million, and $5.5 million in three wallet addresses that received a significant outflow of funds from Multichain after the security breach. The…
Digital Currency Group responded to the lawsuit filed by Gemini alleging it defrauded its creditors by calling it a “publicity stunt” by Cameron Winklevoss. Gemini revealed yesterday that it has filed a lawsuit against DCG and its CEO Barry Silbert for orchestrating and directly perpetrating a fraud against creditors. Gemini claimed that the DCG CEO pushed to…
Elon Musk is still the world’s richest man, with a $244 billion net worth, according to the Bloomberg Billionaires Index. He has been making headlines constantly for a slew of reasons, some of which include his Twitter acquisition and how it has affected Tesla, and whether SpaceX might soon go public. And the latest Musk…
Cryptocurrency firm Gemini, the largest creditor of bankrupt crypto lending firm Genesis, sued Digital Currency Group (DCG) and its CEO on Friday after a dispute over a restructuring deal for the venture capital firm’s troubled unit. DCG and Gemini, the two most prominent players in the crypto industry, have clashed several times over the past…
Commodity Futures Trading Commission (CFTC) investigators have ruled that crypto lender Celsius Network and its former CEO Alex Mashinsky violated US rules before the company collapsed. The findings suggest that Celsius misled investors and failed to register with the CFTC, Bloomberg reported Wednesday, citing people familiar with the matter. If the majority of the CFTC’s commissioners agree with these conclusions, the…
BlackRock CEO Larry Fink has expressed support for Bitcoin (BTC), referring to it as an “international asset” that could revolutionize finance. In a recent interview on Fox Business, Fink stated that his company is keen on reducing the cost and complexity associated with investing in Bitcoin. He said that he believes this move would democratize the cryptocurrency market and make…
Singapore-based blockchain start-up Web3Go has raised $4 million in a seed round led by Binance Labs, the venture capital and incubator arm of crypto exchange giant Binance. According to the press release, other participants in the seed round financing included Hashkey Capital, NGC, Shima Capital, IVC, LIF, Big Brain Holdings, and Archerman Capital. Web3Go, a Binance Labs’ incubation program graduate, has also been selected for additional programs,…
End of content
End of content