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Hacks

How Investors Can Navigate Increasing Regulatory Pressure

Daniel Sharkey | February 23, 2023 | Leave a comment
Last year has been a year of negative criticism and scandalous topics that has made the virtual asset industry attract attention from many federal agencies worldwide. Events include the collapse of major exchanges like FTX, the inside exchange scandals...
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Crypto Exchange Sponsors Ukraine Soccer Team

James Dodson | January 14, 2023 | Leave a comment
According to Forklog, a crypto news outlet, a European crypto exchange based in Ukraine, Whitebit, has announced a long-term collaboration with the Ukraine national football team. Following this deal, it will display its imprint during the team’s matches. The...
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Crypto Lender Nexo Embattled as $158M Leaves the Platform

James Dodson | January 13, 2023 | Leave a comment
Nexo had customer liabilities of 133,263 BTC on Thursday before the holdings dipped to 124,939 BTC on Friday. The crypto lender recorded withdrawals worth more than $158 million after Bulgarian watchdogs raided the company’s offices. It remains unclear at...
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What is a Flash Loan Attack and How to Avoid It?

Aaron Rodriguez | December 31, 2022 | Leave a comment
Introduction The permeation of DeFi has started to gain more traction with every passing second. TradeFi is plagued with issues on account of economic setbacks such as increasing interest rates, money supply, social restrictions, and approaching recession. Therefore, more...
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BNB Chain Ends 2022 as Second Most Preferred Network for DeFi Projects

James Dodson | December 30, 2022 | Leave a comment
BNB Chain boasts the 2nd largest total value locked after ETH. 12% OF BNB Chain-house tokens are scam coins. The blockchain awaits a hardfork update in the coming year, planning to incorporate staking onto Beacon Chain. BNB Chain’s $4.05...
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FTX Users File a Petition to Claim Frozen Assets

James Dodson | December 29, 2022 | Leave a comment
A collection of consumers are currently suing FTX to become the pioneers in recovering assets from the cryptocurrency exchange. The petition filed wants the courts to realize that the holdings with the exchange platform belong to the users and...
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Binance CEO Says Abnormal Altcoin Trading on the Platform was Just Market Behavior

James Dodson | December 12, 2022 | Leave a comment
The world’s largest crypto exchange, Binance, issued a notice yesterday acknowledging reports that some altcoins traded abnormally on the platform. The centralized exchange reported that investigations were underway and it would take appropriate actions against suspicious accounts. Binance CEO...
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Congressman Calls for Investigation Into SEC Chairman’s Role in FTX Fall

James Dodson | December 8, 2022 | Leave a comment
A Democratic congressman, Ritchie Torres, called upon the Government Accountability Office(GAO) to independently investigate the Security and Exchange Commission’s failure to prevent the downfall of FTX. In a letter sent on Wednesday, Torres asks GAO to review the SEC’S...
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White Hat Hacker Returns Over 50% Off Stolen Funds

Kavon Hyatt | October 31, 2022 | Leave a comment
A SlowMist report has revealed that over $7 million has been returned from an attack on the DeFi platform, Team Finance, in late October. The hacker who stole $14.5 million from Team Finance began returning the stolen assets to...
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A Phishing Assault Took More Than $1 Million In NFTs And Ether

Kavon Hyatt | October 27, 2022 | Leave a comment
A phishing fraudster stole 700 ETH tokens in the preceding twenty-four hours. The total value of the stolen asset is around $1.05 million. This was mentioned in a Twitter conversation by an on-chain investigator using the handle “ZachXBT.” 1/ Over...
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