Cryptocurrency exchange HTX, formerly known as Huobi, has announced the resumption of its operations after a recent exploit. The exchange confirmed that its withdrawal and deposit services will be available later today, although a specific time was not provided. HTX also assured its users that the recent hack has been appropriately handled and that it […]
Director Carl Erik Rinsch, known for his work on “47 Ronin,” is facing allegations of financial mismanagement after diverting Netflix’s production budget for the sci-fi series “Conquest” into cryptocurrency and stock trading. Rinsch received a $61.2 million budget from Netflix for the series, but by March 2020, $44.3 million had already been spent. Rinsch then […]
The hacker behind the KyberSwap exploit has expressed a willingness to negotiate after stealing approximately $45 million from the decentralized exchange. In a public message, the attacker informed KyberSwap that negotiations would begin once they had rested. The hack, which occurred on November 23, prompted Kyber Network to advise users to withdraw their funds as […]
On November 23, an unidentified hacker stole over $45 million from the decentralized exchange KyberSwap. The breach affected multiple cross-chain deployments of KyberSwap, including Arbitrum, Optimism, and Ethereum, with funds stolen primarily consisting of Ether, Wrapped Ether, and USDC. Following the incident, Kyber Network advised users to withdraw their funds as a precaution. The hack […]
The surge in interest for transferring cryptocurrencies to different blockchains has been observed since the start of October, according to Google search data compiled by Online Blockchain plc. Crypto enthusiasts are actively searching for cheap and fast methods to bridge assets across diverse blockchains. One solution that has gained attention is Umbria Network’s Narni bridge, […]
Grayscale and BlackRock, two major financial players, are engaged in discussions with the SEC regarding the approval of a Bitcoin ETF. These discussions focus on the choice between the in-kind and cash redemption models for the proposed ETF. BlackRock prefers the in-kind model, which offers a smoother operational framework. Grayscale’s ongoing discussions with the SEC […]
KyberSwap, a decentralized exchange (DEX) in the world of decentralized finance (DeFi), has fallen victim to hackers. The DEX was exploited across multiple chains, resulting in a loss of approximately $50 million. This incident comes as a surprise, as KyberSwap had managed to avoid previous attacks while other protocols were targeted. The hack was first […]
In a recent incident in the world of decentralized finance (DeFi), KyberSwap Elastic, a decentralized exchange (DEX) under Kyber Network, fell victim to a security breach, resulting in the loss of approximately $46 million in various cryptocurrencies. The Kyber Network team acted swiftly, notifying users through a Twitter post and advising them to withdraw their […]
Around $46 million worth of crypto assets has been stolen from the decentralized KyberSwap exchange in a recent exploit. The Kyber Network team alerted users to a security incident and advised them to withdraw their funds as a precaution. The attack impacted various wallets and involved multiple chains, including Arbitrum, Optimism, Ethereum, Polygon, and Base. […]
Grayscale Investments is making progress in its efforts to convert its Grayscale Bitcoin Trust into a spot bitcoin exchange-traded fund (ETF). The company recently met with the Securities and Exchange Commission (SEC) to discuss NYSE Arca’s proposed rule change regarding the listing and trading of shares of the Grayscale Bitcoin Trust. The SEC memo revealed […]
