Report identifies 88% of Nomad Bridge exploiters as “copycats”
The target token, token amount, and recipient addresses were changed, but the copycats utilized the same code as the original hackers. According to a fresh study, nearly 90% of the addresses involved in the $186 million Nomad Bridge heist last week have been identified as “copycats,” who stole $88 million worth of tokens on August […]
Hotbit freezes customer payments due to employee’s criminal ties
The cryptocurrency exchange Hotbit announced on Thursday that it has “suspended trading, deposit, withdrawal, and financing activities.” Hotbit did not specify when they would be resumed. The cryptocurrency exchange explained the choice as follows: It’s not yet apparent how a former employee’s suspected criminal behavior resulted in a law enforcement budget freeze. “A former Hotbit […]
CFTC and SEC propose amending reporting rules for hedge funds
The SEC and CFTC cited development in the hedge fund business as the rationale for the proposed adjustment. Large advisers to certain hedge funds would be required to disclose any exposure to digital assets, according to a proposal from the Commodity Futures Trading Commission and the Securities and Exchange Commission of the United States. The […]
Curve Finance fixes site bug, tells users to cancel recent contracts
Users claim that over $573,000 USD was stolen as a result of an exploit of the Curve Finance website’s front end. Automated market creator Curve Finance used Twitter on Tuesday to alert users of a vulnerability on its platform. The protocol’s developers observed that the problem, which seemed to be a malicious actor’s attack, was […]
Crypto market decline cost Coinbase $1.1 billion in Q2
Since Coinbase went public on the Nasdaq Stock Exchange in April 2021, this is its largest quarterly net loss. The world’s largest cryptocurrency exchange, Coinbase, blamed a “fast and furious” decline in the cryptocurrency markets. It had a stunning $1.1 billion net loss in the second quarter of 2022, which also saw a decline in […]