The decentralized finance (DeFi) sector has been hit by a potential security exploit, raising concerns among investors. Gamma Strategies, an Ethereum-based asset management protocol, has experienced an anomaly that could result in a significant loss of Ether, prompting questions about the protocol’s security. PeckShield, a blockchain security firm, discovered a $469,000 anomaly linked to Gamma, […]
Gamma Strategies, an Ethereum-based liquidity management protocol, has experienced a significant exploit resulting in the loss of $3.4 million in digital assets. The attack was detected by blockchain security firm PeckShield, who initially estimated the losses to be around $469,000 but later confirmed the higher amount. The attacker had already transferred $2.2 million to a […]
One of the largest online communities dedicated to Solana, a popular cryptocurrency, has over 6,000 members, according to blockchain security firm Chainalysis. Recently, there has been growing concern about malicious decentralized applications that target users with Solana-based scams. These scams are known as “drainers” and they drain funds from digital wallets. The most successful drainer […]
The Infrastructure Investment and Jobs Act, passed by the US Congress in November 2021, introduced a new provision into the Tax Code. Under this provision, individuals who receive over $10,000 in cryptocurrency in their trade or business must report the transaction to the Internal Revenue Service (IRS) within 15 days. The new rule came into […]
The Infrastructure Investment and Jobs Act, passed by the US Congress in November 2021, introduced a new provision into the Tax Code. Under this provision, individuals who receive over $10,000 in cryptocurrency in their trade or business must report the transaction to the Internal Revenue Service (IRS) within 15 days. The new rule came into […]
A recent report from blockchain analysts suggests that the attacker responsible for draining $81.5 million from the Orbit bridge may have been involved in several other crypto cyberattacks in 2023. The report claims that the same criminal group may have targeted Coinspaid, Coinex, and Atomic Wallet using similar tools and patterns.The analysts attempted to trace […]
Cyvers, a cybersecurity firm, has uncovered a malicious attack on RDNTCapital, a decentralized finance (DeFi) platform. The attack resulted in a loss of over $4.4 million for RDNTCapital. The attackers used sophisticated methods, executing multiple transactions and exploiting vulnerabilities in the platform.In response to the breach, RDNTCapital temporarily halted lending and borrowing markets on Arbitrum, […]
As individuals enter their later years, they often encounter various challenges that can impact their financial well-being. These challenges include the loss of social connections, disruptions to daily routines, and concerns about managing their finances during retirement.In a new series titled “Finanzen im Alter” (Finances in Old Age), the NZZ delves into the topic of […]
Radiant Capital, a decentralized finance (DeFi) lending protocol, has temporarily halted its operations on the Ethereum layer2 network Arbitrum after suffering an exploit that resulted in the loss of 1,900 ETH, equivalent to $4.5 million. The protocol received a report of an issue with its newly created native USDC market on Arbitrum, prompting the Radiant […]
Orbit Chain, a cryptocurrency platform, has confirmed that it was hacked, resulting in an estimated loss of $81 million. The attack is believed to be linked to North Korea, according to one expert.The hack was discovered recently and is considered to be a significant breach in the security of the platform. The stolen funds amount […]
