Reports from South Korea-based Yonhap News Agency have revealed that Upbit, one of the largest crypto exchanges in South Korea, experienced over 159,000 hacking attempts in the first half of 2023 alone. This marks a significant increase compared to previous years, with a 117% increase compared to the first half of 2022 and a 1,800% […]
The second week of the Sam “SBF” Bankman-Fried FTX fraud trial is set to begin on Monday, Oct. 9, with a focus on the testimony of Caroline Ellison, the former romantic partner of SBF and CEO of FTX-tied Alameda Research. Ellison is expected to provide details about the movement of customer funds between the two […]
More revelations have emerged during the trial of former FTX CEO, Sam Bankman-Fried, shedding light on alleged illegal activities within FTX and its sister company, Alameda Research. According to the Wall Street Journal, FTX offered to pay $5 million to LedgerX Chief Risk Officer, Julie Schoening, who had discovered a backdoor that allowed Bankman-Fried to […]
UPbit, a prominent South Korean cryptocurrency exchange, has reported a significant increase in hacking attempts during the first half of this year. According to data shared by the exchange’s operator, Dunamu, UPbit experienced 159,061 hacking attempts, marking a staggering 1,800% surge in attacks over the past three years. This highlights the growing risks faced by […]
Gary Wang, the co-founder and CTO of FTX, has provided damaging testimony during the ongoing trial of Sam Bankman-Fried. Wang revealed that FTX’s $100 million insurance fund for 2021 was a fabrication and did not hold any of the exchange’s FTT tokens as claimed. This testimony aligns with the suspicions of the cryptocurrency community, who […]
Federal prosecutors in the fraud trial of former FTX CEO Sam Bankman-Fried have requested that any discussion of Bankman-Fried’s investment in AI company Anthropic be excluded from the trial. Recent reports have revealed that Anthropic is set to receive significant funding from tech giants Google and Amazon, which has sparked optimism among creditors of FTX […]
Sam Bankman-Fried, the founder of crypto exchange FTX, is facing a fraud trial with serious allegations of misusing user assets. Caroline Ellison, who was previously in charge of hedge fund Alameda Research and had a relationship with Bankman-Fried, is set to testify against him, which could be a turning point in the trial. The trial […]
Serious concerns have emerged regarding the financial support provided to Solana validators by the Solana Foundation and Alameda Research. Allegations claim that over 90% of validators are heavily subsidized by these entities, raising questions about the network’s autonomy and decentralization.Arixon.eth, a researcher, has found that the Solana network’s node count and validator numbers were artificially […]
HTX (formerly Huobi) has recovered the crypto funds stolen by a hacker in late September and honored its 5% white hat bonus offer to the hacker. On September 25, the exchange was vulnerable and 5,000 ETH were drained from one of its hot wallets. HTX contacted the attacker and offered a 5% white hat bonus […]
John Deaton, an XRP holder’s attorney and crypto advocate, has criticized supporters of former FTX CEO Sam Bankman-Fried (SBF) during his ongoing trials related to the collapse of their crypto venture. Deaton expressed on his official X platform that individuals characterizing SBF as a well-intentioned individual who made “errors” and attributing the company’s rapid expansion […]
