Crypto Phishing Attack: Gutter Cat Gang Twitter Account Compromised, NFTs Worth $750K Stolen

Crypto Phishing Attack: Gutter Cat Gang Twitter Account Compromised, NFTs Worth $750K Stolen

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….

Rodeo Finance Exploited For $888,000 In Another DeFi Hack on Arbitrum Network

Rodeo Finance Exploited For $888,000 In Another DeFi Hack on Arbitrum Network

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 SEC Chairman Highlights Conditions for Bitcoin ETF Approval

Former SEC Chairman Highlights Conditions for Bitcoin ETF Approval

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…

Multichain Breach Forces Circle to Freeze $63 Million in USDC

Multichain Breach Forces Circle to Freeze $63 Million in USDC

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…

DCG Dismisses Gemini Lawsuit As “Publicity Stunt” By Winklevoss

DCG Dismisses Gemini Lawsuit As “Publicity Stunt” By Winklevoss

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…

BlackRock CEO Praises Bitcoin for ‘Digitizing Gold’, Says BTC Could ‘Revolutionize Finance’

BlackRock CEO Praises Bitcoin for ‘Digitizing Gold’, Says BTC Could ‘Revolutionize Finance’

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…

Dodge Durango, Jeep SUVs push Stellantis second-quarter sales up 6.4%

Dodge Durango, Jeep SUVs push Stellantis second-quarter sales up 6.4%

Increased sales of the Chrysler Pacifica minivan and Jeep Compass and Dodge Durango SUVs pushed Stellantis’ second-quarter U.S. new vehicle sales up 6.4% from a year earlier. Stellantis’ sales increase is expected to be among the lowest of the second quarter, according to auto industry forecasters who project industry sales to have increased 16% to…

Binance Labs and CoinFund Lead $10 Million Funding Round for Cosmos Blockchain Neutron

Binance Labs and CoinFund Lead $10 Million Funding Round for Cosmos Blockchain Neutron

Binance Labs and CoinFund have co-led a $10 million funding round for Neutron, a cross-chain smart contract platform focused on interchain security within the Cosmos ecosystem. Binance Labs, the investment arm of leading cryptocurrency exchange Binance, took the lead in the funding round, Binance said in a Wednesday blog post. Cryptonative investment firm CoinFund co-led the funding. Delphi Ventures, LongHash, and Nomad also participated in the round….

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