A relatively unknown altcoin called Tellor (TRB) experienced a significant surge in price, reaching an all-time high of $619 before quickly dropping back down to $136 within a span of 13 hours on December 31st. This unusual trading activity raised suspicions when it was discovered that the Tellor team had transferred a large amount of […]
The recent attack on Orbit Chain’s cross-chain bridge has resulted in nearly $100 million worth of cryptocurrency being stolen in December, making it the fifth-highest month for hacks in 2023. The exploit targeted the bridging service of Orbit Chain, a cross-chain protocol launched in South Korea in 2018. The breach occurred on December 31st, leading […]
In a high-stakes legal battle, bankrupt cryptocurrency exchange FTX has filed a lawsuit against four former employees of its Hong Kong-based affiliate, Salameda. The lawsuit alleges that these individuals exploited their personal connections to withdraw their assets from FTX before the exchange filed for bankruptcy. FTX, along with two affiliated companies, claims that the defendants […]
Hackers have reportedly exploited Orbit Bridge, the bridging service of the cross-chain protocol Orbit Chain, for a total of $82 million, just three hours before the new year. The exploit was brought to attention by a pseudonymous Twitter user, who pointed out large outflows from the Orbit Chain Bridge protocol. Blockchain analytics platform Arkham Intelligence […]
A Chainlink investor recently fell victim to a sophisticated phishing attack, resulting in a loss of approximately $4.66 million. The investor had accumulated 290,750 LINK tokens valued at $2.26 million through savvy trading strategies, earning nearly $2.4 million in profits. However, their success turned sour when they clicked on a phishing link, unknowingly authorizing a […]
A Chainlink (LINK) holder has fallen victim to a devastating phishing attack, resulting in the loss of $4.66 million worth of the cryptocurrency. The incident was brought to light by Lookonchain, a data analytics firm, through a tweet. The unfortunate individual had accumulated 290,750 LINK tokens, valued at $2.26 million, through trading on various exchanges. […]
A banking giant with $1.80 trillion in assets under management, Credit Suisse, has been fined $3.9 million SGD ($2.90 million) by the Monetary Authority of Singapore (MAS) for making false statements to clients and overcharging customers. The MAS found that the bank’s relationship managers routinely violated Singapore’s Securities and Futures Act (SFA) of 2001 by […]
The rise and fall of FTX, a cryptocurrency empire led by Sam Bankman-Fried, has captivated the world. Bankman-Fried has been convicted of defrauding customers, and while this marks a significant milestone, the repercussions of this financial disaster will be felt for years to come.The fallout from FTX’s collapse includes investor losses and increased regulatory scrutiny. […]
A hacking group known as “Pink Drainer” has recently executed a high-stakes digital robbery, stealing $4.4 million worth of Chainlink (LINK) tokens from a single victim. The theft was carried out with remarkable speed and efficiency, leaving the victim at a loss of 275,700 LINK in just two rapid transactions.Blockchain security firm Scam Sniffer has […]
A federal judge has ruled that Do Kwon and his company, Terraform Labs, violated US securities laws by illegally selling unregistered securities to the public. Judge Jed Rakoff found in favor of the US Securities and Exchange Commission (SEC), stating that Terraform failed to register its cryptocurrencies, $LUNA and Mirror Protocol ($MIR), as securities. The […]
