Zunami Protocol confirms stablecoin pools attacked, $2.1M loss estimated
    14 Aug 2023
    287 Views

    Blockchain security firm PeckShield estimates the protocol suffered more than $2.1 million from the price manipulation attack. Decentralized finance protocol Zunami Protocol has advised users not to buy any of its Zunami Ether (zETH) or Zunami USD (UZD) stablecoins, after encountering an attack on its “zStables” pools on Curve Finance. On Aug. 13,  Zunami confirmed…

    Victim of 90 ETH exploit set to claw funds back after hacker was blacklisted
    13 Aug 2023
    281 Views

    The hacker’s wallet, with over $100,000 worth of USDT, was blacklisted and frozen, while the victim had been drained of almost $170,000 worth of NFTs and other assets. With the help of police and cyber authorities, a victim of a hack worth 90 Ether has gotten the attacker’s Tether address blacklisted. As a result, they may be…

    Curve Finance vows to reimburse users after $62M hack
    13 Aug 2023
    271 Views

    Decentralized finance (DeFi) platform Curve Finance has officially stated its intention to reimburse users impacted by the recent hack resulting in $62 million of losses. According to an X (formerly Twitter) post from its official account, ongoing investigations are yielding progress, with approximately 79% of the funds successfully recovered. The platform also said it would assess each…

    Bitcoin has bottomed despite ‘astonishing’ BTC price action — Analyst
    13 Aug 2023
    224 Views

    Bitcoin is due to offer nothing beyond “classic weekend chop,” signs of change on BTC price charts continue to flow in. Bitcoin further ground down volatility into Aug. 12 as “astonishing” BTC price action stayed in place. Bitcoin: “Classic weekend chop” expected Data from Cointelegraph Markets Pro and TradingView followed a flat Bitcoin trading environment as the weekend began. After displaying…

    Sam Bankman-Fried jailed as judge revokes bail
    12 Aug 2023
    250 Views

    Sam Bankman-Fried was reportedly led out of a New York courtroom in handcuffs after alleged attempts to influence or intimidate witnesses in his criminal case. A federal judge has reportedly revoked former FTX CEO Sam Bankman-Fried’s bail following the release of information to New York Times reporters in an alleged attempt to intimidate witnesses. According to…

    SEC decision on Bitcoin ETFs won’t leave out Wall Street giants
    12 Aug 2023
    267 Views

    The Securities and Exchange Commission’s prolonged deliberation over a spot Bitcoin ETF is stoking expectations of a joint decision for all applications. The Securities and Exchange Commission’s (SEC) delay in deciding whether to approve a spot Bitcoin exchange-traded fund (ETF) in the United States is fueling expectations that a final verdict will come in a batch…