A peer-to-peer trading platform called NFT Trader recently experienced a security breach, resulting in the theft of millions of dollars worth of nonfungible tokens (NFTs). The incident was confirmed by NFT Trader on X (formerly Twitter), who revealed that the attack targeted old smart contracts. Users were advised to revoke delegations to two specific addresses.Among […]
The Cardano community has been alerted to a crypto scam targeting ADA holders. The scam involves a malicious Berry Pool scam event, where members are lured with fake NFTs and promises of ADA token rewards. The Cardano Community issued a warning on their official account, urging caution and highlighting the associated website as a scam. […]
Ledger, a popular cryptocurrency hardware wallet provider, recently addressed a security vulnerability that affected multiple decentralized applications (DApps) on its platform. The vulnerability stemmed from a phishing attack on a former Ledger employee, enabling a hacker to gain access to the employee’s NPMJS account and upload a malicious version of the Ledger Connect Kit.The malicious […]
LGT Private Banking has appointed Dushyant Bhatia as the head of key clients and family offices in Dubai. Bhatia, who previously worked as the managing director at Bank of Singapore (BoS) in Dubai for over eight years, brings with him more than 20 years of experience in the banking industry.During his career, Bhatia has worked […]
Decentralized finance (DeFi) protocol SafeMoon has filed for Chapter 7 bankruptcy following the arrest of its executives and criminal charges in the United States. The filing has resulted in a significant drop in the price of SFM, the native token of the network.According to the bankruptcy filing, SafeMoon has less than 100 creditors and holds […]
Tether, the popular stablecoin issuer, has taken action against hackers who exploited the Ledger network. The addresses of the attackers have been frozen, preventing them from accessing the funds they stole. However, it is important to note that they may still be able to carry out transactions involving other digital assets.The attack on the Ledger […]
A court in Liechtenstein has been deliberating for two years on whether it is legal for two trustees to have unrestricted access to millions of dollars. These trustees, along with their lawyer, earn thousands of Swiss francs per day just by being physically present in court. The case, which is still ongoing, is just the […]
A former software security engineer at Amazon, Shakeeb Ahmed, has pleaded guilty to computer fraud charges in connection with the hacking of Nirvana Finance and another unnamed decentralized exchange (DEX). This marks the first conviction of its kind, with Ahmed being the first individual convicted for hacking a smart contract for a DEX.Ahmed exploited a […]
A former software security engineer at Amazon, Shakeeb Ahmed, has pleaded guilty to computer fraud charges in connection with the hacking of Nirvana Finance and another unnamed decentralized exchange (DEX). This marks the first conviction of its kind, with Ahmed being the first individual convicted for hacking a smart contract for a DEX.Ahmed exploited a […]
Binance, one of the leading cryptocurrency exchanges, recently conducted a survey to understand how its users are utilizing crypto in their daily lives. The survey revealed that a majority of users believe that crypto can help reduce income inequality. Over three-quarters of the respondents stated that they use crypto to earn additional income alongside their […]
