Industry News
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Uncovering FTX Bankruptcy: Reserves, SBF, Alameda & Binance
FTX Bankruptcy: SBF, Alameda, Binance, VC funds, hack, federal investigation, Proof of Reserves, calls for transparency
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Deribit Exchange Wallet exploited for $28M
Deribit Exchange hot wallet was compromised for around $28 million.
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The major crypto platforms prohibit or limit withdrawals
Recently, many crypto platforms have banned or limited the withdrawal of funds for their users. They attribute these limitations to the bear market and extreme market conditions. We will look at notable examples of suspension and consider the implications for crypto traders. Platforms that introduced withdrawals bans or limits CoinLoan, a crypto lending platform, has
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Users lost more than $2 million in QAnon crypto trading scam
Not all influences are created equal. Some provide accurate and insightful information, while others deceive their readers. Unfortunately, some influencers show little integrity and may do more harm than good. The Qanon-linked scams mentioned in this article are dangerous because unsuspecting victims transfer their finances into scammers’ accounts while believing they are investing in the
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Flashloan Attack on Inverse Finance’s Frontier
On June 16, Inverse Finance’s Frontier money market fell victim to a flashloan attack that resulted in a net loss of $5.83 million in DOLA. The hacker got away with $1.2 million. The hacker used the price oracle manipulation, which misuses the balances of assets in the pool to calculate the LP token price directly.
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Rug Pull Scam behind “Star Names”
Star Names Rug Pull On June 16, PeckShield Alert detected a rug pull in which scammers stole more than 1.6k BNB (around $350k) and laundered it via Tornado Cash. Before the drain, the attacker distributed 100 BNB among the following nine coins: Llama, Armadillo Coin, StarMan, SlothCoin, HellBender, BabyElon JackInTheBox, Starlink2, and ElonMVP. Fun fact:
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Is another stablecoin depeg coming?
AÂ few days ago, the price of another stablecoin began to drop. This time, the depeg hung like a sword of Damocles over USDD, a stablecoin backed by Justin Sun. The price of the coin fell to $0.967. To stabilize the price, the Tron DAO Reserve bought $50 million worth of BTC and TRX. Yet, the
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Maiar DEX went offline. Bug in Elrond smart contract a reason
Hackers exploited a smart contract bug in Maiar DEX causing the decentralized crypto exchange to lose $113 million. Developers took Maiar offline shortly after detecting malicious activities and later introduced an “emergency fix.” Maiar market capitalization saw a sharp decrease of 11%, or $50 million, in just one hour. The hacker exploited a smart contract
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Popular NFTs were stolen in a massive wave of Discord hacks
Discord: What makes it so popular? Discord, a digital communication platform, is a go-to app for most crypto and NFTs enthusiasts. For Web3.0 projects, Discord is the favorite place to communicate with their fans. It’s no wonder Discord hosts the largest and most active crypto communities. If you ask crypto fans why they use Discord,
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Optimism is under scam attacks. Fake airdrops are becoming a growing threat.
Fake airdrops are becoming a growing threat. Airdrops: what are they and what is their point? iPhone owners are familiar with the term “airDrop,” but cryptocurrency airdrop has a different meaning. In a crypto world, airdrop is when a company sends tokens to wallet addresses of active community members for free or for a certain
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Manipulations with price oracles. Mirror Protocol Exploit.
Hackers exploited Mirror Protocol, and the devs couldn’t do anything about it. The attacker stole more than $90m in October 2021 but this incident used to be completely unnoticed until the last week. And at the end of May 2022, the project experienced one more incident resulting in $2M drained from the protocol. A bug
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Deepfake in the service of crypto scammers
Deepfake is a new goldmine for scammers Rapid technological advances propel Web 3.0, but unethical actors don’t lag. Scammers now use deepfakes to steal money. This article will look at some deepfake scams and discuss how to protect your financial assets in the light of a new threat. Deepfakes gain momentum In addition to various
