Gamma Strategies Attempts to Negotiate Bounty with Hacker
In the aftermath of a $3.4 million hack in digital assets, Gamma Strategies liquidity management protocol, while attempting to retrieve the funds lost in the exploit, negotiates a bounty with the hacker. PeckShield, a blockchain security firm, identified an exploit in Gamma’s repositories on January 4. Initial assessments indicated that the losses incurred a value […]
AI Creates Live Performances of Elvis Presley from Old Videos
British immersive entertainment company Layered Reality has unveiled a novel endeavor utilizing artificial intelligence (AI) to resurrect the legendary rock and roll figure Elvis Presley for live performances using his old photos and videos. Using artificial intelligence and holographic projections of Elvis created from thousands of personal photographs and home videos, “Elvis Evolution” will provide […]
European Union Regulators Will Investigate Banks’ Crypto Exposure
The European Systemic Risk Board (ESRB), Financial Stability Board (FSB), and the European Banking Authority (EBA) of the European Union will evaluate the interdependence of banks and non-bank financial institutions (NBFIs), such as crypto platforms, hedge funds, and private equity. In an interview with the Financial Times on December 3, José Manuel Campa, chairman of […]
Gamma Protocol Investigates Potential $500K Attack
DeFi protocol for asset management Gamma lost nearly $500,000 in an ongoing security incident that may have depleted at least 211.9 prompting them to declare an investigation. Blockchain investigator PeckShield identified an exploit associated with Gamma Strategies on January 4, valued at approximately $469,000. The decentralized finance (DeFi) protocol subsequently validated a “possible security incident” […]