Cryptocurrency exchange Poloniex has suffered a major hack, resulting in a loss of approximately $114 million. The hack was detected by blockchain security firms PeckShield and Cyvers, and Poloniex promptly disabled its wallet for maintenance. Tron founder Justin Sun confirmed the hack and stated that the exchange would reimburse affected users. In addition, Sun offered […]
The XRPL (XRP Ledger) is set to introduce additional features in the coming weeks, with the fixReducedOffersV1 amendment being a significant upgrade. This amendment aims to address critical issues with decentralized exchanges (DEXs) by minimizing the prevalence of order books obscured by reduced offers. It has garnered approval from over 80% of validators and is […]
Taiwanese prosecutors have identified two new suspects in the ongoing investigation of the JPEX scandal. Chang Tung-Ying, the chief partner of JPEX’s Taiwan Office, and JPEX lecturer Shih Yu-sheng are now under scrutiny for alleged fraud. The Taipei District Prosecutors Office has formally requested their custody, citing violations of the Banking Act and the Money […]
Bitcoin experienced significant price fluctuations in the past week, driven by rumors surrounding the approval of a Bitcoin ETF. The price surged to $30,000 on Monday due to reports suggesting that the SEC had approved BlackRock’s iShares Bitcoin ETF. However, these reports were quickly debunked, and the price retreated to previous levels. The crypto market’s […]
Former Ethereum lawyer Steven Nerayoff has announced that he will soon provide evidence to support his claims of a massive fraud within the Ethereum network. In an interview, Nerayoff stated that he would release the proof within the next four or five days. This revelation has sparked anticipation within the crypto industry, as investors eagerly […]
Crypto exchange Poloniex has experienced a significant security breach, resulting in the theft of approximately $125 million from its hot wallets. The attack, initially detected by blockchain analytics firm PeckShield, saw hackers make off with $56 million in ETH, $48 million in TRON (TRX), and $18 million in Bitcoin. Following PeckShield’s report, Poloniex disabled its […]
Blockchain security firm Chainlight has been awarded a $10,000 bounty for uncovering a potential vulnerability in Perpetual Protocol, a decentralized exchange (DEX) based on Optimism. The vulnerability, which was found in the protocol’s “AccountBalance” contract, could have put $32 million of customer funds at risk. If exploited, the flaw would have allowed bad actors to […]
Crypto entrepreneur Justin Sun has offered a 5% bounty to the hacker responsible for the recent theft of funds from Poloniex. The extent of the attack is still unclear, but it has been reported that $31 million worth of digital assets were moved from one of Poloniex’s hot wallets. The stolen funds were then transferred […]
Fifteen years ago, an anonymous individual named Satoshi Nakamoto introduced the world to the Bitcoin Protocol through a whitepaper. This document laid the foundation for the cryptocurrency industry we see today, which now boasts a market value of over a trillion US dollars. Nakamoto’s identity remains a mystery, but their contribution to the financial world […]
German Parliamentarian Joana Cotar has criticized the idea of introducing a Euro-based central bank digital currency (CBDC), stating that “no one needs it.” In a speech on November 9, Cotar argued that the European Central Bank (ECB) and politicians supporting a digital euro are motivated by a desire for total surveillance of the monetary system. […]
