According to PeckShield’s data, approximately $100 million in stolen crypto funds from hacking incidents in March have been successfully recovered. Despite significant initial losses totaling millions of dollars, 52.8% of the hacked funds were returned to their rightful owners. PeckShield reported that the majority of the recovered funds stemmed from the Munchables incident, where the hacker returned the stolen cryptocurrency ...
On April 1, the Chinese government announced a groundbreaking initiative led by Conflux Network: the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative.” The announcement, shared in an X post by Conflux Network, signifies a significant step towards China leveraging blockchain technology to facilitate seamless and secure cross-border transactions. Shanghai Tree Graph Blockchain Research Institute Hosts Launch ...
Degen Chain, a layer-3 blockchain running on top of the Base network, has quickly garnered attention from investors and traders, with a surge in transactional volumes reaching nearly $100 million in just 24 hours. The network commenced operations just four days ago and has seen over 272,000 unique transactions. On-chain analysts have noted that Degen Chain has witnessed the creation ...
The FTX bankruptcy estate has outlined its target to initiate repayments to customers by the end of 2024, as disclosed during a meeting of FTX Digital’s Joint Official Liquidators in the Bahamas. The FTX bankruptcy consists of two distinct processes, including the Chapter 11 bankruptcy being overseen by a Delaware court in the United States and the official liquidation of ...
Bitkub Capital Group Holdings, the parent company of Bitkub, Thailand’s largest cryptocurrency exchange, has revealed plans to conduct an initial public offering (IPO) in 2025. The company aims to go public on the Stock Exchange of Thailand, CEO Jirayut Srupsrisopa said in a recent interview with Bloomberg. Bitkub is currently in the process of hiring financial advisers to assist with the ...
Ethereum co-founder Vitalik Buterin recently took to X to outline the upcoming phases of the protocol’s simplification efforts, codenamed “The Purge.” This initiative aims to streamline the Ethereum protocol by reducing historical data storage requirements. This will lessen the burden on node operators’ hard drives and significantly lower the technical debt associated with the protocol. In simpler terms, “The Purge” ...
Bitcoin Price Prediction Bitcoin’s journey at $69,753 facing a minor dip of 0.99%. The currency’s performance has been notable, closing the first quarter of 2024 at an all-time high. The crux lies at $74,000, hinting at an intense interplay between buyers and sellers. The upcoming quarter teases potential volatility with key economic indicators, including U.S. nonfarm payrolls, and remarks from ...
Permissionless lending and margin trading protocol OpenLeverage has reportedly fallen victim to multiple hacks draining $230K worth assets. The hacks were flagged by blockchain security Cyvers Alerts on X (Twitter). Per the post, the losses incurred is around $230,000 worth crypto and the attacker’s wallet was funded by Tornado Cash. “Our system has detected the malicious contract deployment 13 sec ...
Binance executive Nadeem Anjarwalla absconded from Nigerian custody in February after his arrest. At the time, he was detained along with American colleague Tigran Gambaryan on accusations of misconduct related to the exchange. In a Sunday interview with a local media outlet, a retired Nigerian official characterized Anjarwalla’s escape as “embarrassing.” He further deemed the incident as indicative of systemic ...
Tinkoff Bank, one of Russia’s biggest banking players, has won a license to issue and sell “digital financial assets” (DFAs) in the country. Interfax reported that the Central Bank added Tinkoff to its official list of approved DFA operators on March 28. Tinkoff Bank Readies DFA Offerings Tinkoff’s move comes weeks after its biggest rival, Sberbank, launched a DFA trading ...