The Fantom Foundation, a rival of Ethereum, has fallen victim to a major exploit, resulting in the loss of funds. According to blockchain security experts, the foundation’s wallets have been drained of both Ethereum (ETH) and Fantom (FTM) tokens. The CertiK Alert platform confirms that the foundation’s Wallet 20 lost approximately $470,000 worth of FTM, […]
The Fantom Foundation has confirmed that it and its employees suffered losses in a recent attack, with a total of $550,000 worth of Fantom Foundation funds being compromised. However, the majority of the Foundation’s holdings, more than 99%, were unaffected by the attack. The Foundation also revealed that one of its employees was targeted in […]
Renowned staking solution Lido Finance has announced its decision to discontinue operations on the Solana blockchain. The move comes after a thorough discussion and voting process within the Decentralized Autonomous Organization (DAO) community. Lido’s P2P team presented a proposal outlining the achievements, challenges, and future prospects of Lido on Solana, offering two possible solutions. Ultimately, […]
Police body cam footage has revealed the moment a hacker unknowingly incriminated himself by opening a laptop containing thousands of Bitcoin in front of federal investigators. James Zhong was charged by the US government for stealing over 50,000 BTC from the Silk Road marketplace in 2012. In 2019, Zhong called the police to report a […]
BRICS countries, including China, India, Saudi Arabia, and the UAE, are shifting away from the US dollar in their oil trade dealings with Russia. By settling trade in their local currencies, such as the Chinese Yuan and the Indian Rupee, these nations have saved billions of dollars and raised concerns about the future of the […]
Decentralized finance (DeFi) protocol Platypus Finance has announced that it has recovered 90% of the assets that were stolen in a recent security breach. The protocol’s net loss was limited to 18,000 Avalanche tokens, equivalent to $167,400. The hacker voluntarily returned the funds, and as a result, Platypus Finance has decided not to pursue legal […]
Terraform Labs, the company behind the Terra blockchain ecosystem, has filed a lawsuit against Citadel Securities, accusing the market-making giant of manipulating Terra’s UST stablecoin. The lawsuit alleges that Citadel Securities deliberately caused the UST stablecoin to deviate from its $1 peg, resulting in significant losses for Terra. Contrary to popular belief, Terraform Labs argues […]
Scam artists in Ireland are shifting their focus from cryptocurrency scams to targeting traditional banking customers, according to the Irish Independent. With a decline in cryptocurrency scams due to the bear market, fraudsters are now posing as representatives of reputable British banks or trading firms to exploit the trust and vulnerability of unsuspecting banking customers. […]
Roblox, one of the largest online gaming platforms, has made a significant move in the world of cryptocurrency by integrating Ripple’s XRP for in-game transactions. This collaboration was made possible through partnerships with payment solution providers Xsolla and BitPay. The integration of XRP into Roblox’s platform highlights the potential of digital assets in enhancing gaming […]
An XRPL analytical resource has revealed that the adoption of Ripple’s XRP cryptocurrency is still in its early stages. According to the data, 77% of XRP wallets hold less than 500 XRP tokens, indicating a low level of ownership among users. This suggests that there is significant potential for broader adoption of XRP in the […]
