Browsing:Crypto News

Aurory Gaming on Solana Faces Major Hack
5 months ago 1 min read

Aurory gaming on Solana was hit by a major hack, losing 80% in AURY-USDC pool

Aurory, a Solana blockchain-based gaming platform, recently experienced a significant security breach, resulting in an 80% loss in its AURY-USDC pool liquidity. The exploit targeted Camelot’s DEX Arbitrum’s SyncSpace Aurory Bridge, prompting the Aurory team to take immediate action. The hacker exploited a vulnerability in the SyncSpace bridge to withdraw and sell approximately 600,000 $AURY tokens to Arbitrum. In response, the team quickly disabled SyncSpace to avoid further complications while also protecting user funds and NFTs. It’s worth noting that the stolen $AURY tokens came from the team’s wallet, not from user funds. The team worked proactively to stabilize the

Bitcoin has dropped 2% in the last 24 hours, trading below $41,000.
5 months ago 1 min read

Bitcoin (BTC) trading below $41,000 poses a challenge for bulls

Bitcoin (BTC), which has risen from $26,866 to $44,543 in eight weeks, is showing signs of a possible downturn. According to CoinMarketCap, the largest crypto has dropped 2% in the last 24 hours, trading below $41,000. Despite multiple attempts to break through the $45,000 resistance level, Bitcoin has struggled to maintain its upward momentum. Following a peak on December 9, BTC was unable to break through the $44,600 resistance, forming a rejection pattern. This triggered a new decline, with the price falling below $40,800 and now trading below $41,000, accompanied by a breach of the 100-hourly simple moving average. On

crypto exchange FTX spent a staggering $53K per hour on bankruptcy attorneys
5 months ago 1 min read

Crypto exchange FTX spent $53,000 per hour on bankruptcy attorneys

New pay documentation has unveiled that the now-defunct crypto exchange FTX spent a staggering $53,000 per hour on bankruptcy attorneys and advisors during the three months ending October 31. According to court documents filed between December 5th and 16th, bankruptcy attorneys charged a minimum of $118.1 million from August 1st to October 31st. This amounts to a total of $1.3 million for all 92 days, translating to an astonishing $53,300 an hour. Among the notable expenses, management consulting company Alvarez and Marshall took the lead, accumulating $35.8 million over the specified time frame. Sullivan & Cromwell, an international law firm,

Solana's Bonk Rockets 134% on Binance, Now Among Top 50 Cryptocurrencies
5 months ago 1 min read

Solana’s Bonk Rockets 130% on Binance, Now Among Top 50 Crypto

Bonk, Solana’s leading meme coin, has experienced a remarkable 130% increase in value within a week of being listed on Binance. The coin, created by an anonymous team, has now achieved a market value of $2 billion, propelling it into the top 50 cryptos. Binance initiated trading for Bonk across various pairs. However, it issued a cautionary note about the coin’s high volatility, emphasizing its status as a meme coin with an unknown origin. Despite these warnings, Bonk’s value skyrocketed, securing its position as the third-largest meme coin, trailing only Dogecoin and Shiba Inu. Bonk’s meteoric rise has been spectacular,

SafeMoon Faces Bankruptcy and Executive Arrests Amid SEC Fraud Charges
5 months ago 1 min read

SafeMoon files for bankruptcy amid fraud charges, executives arrested

SafeMoon has filed for bankruptcy following fraud charges brought against it by the U.S. Securities and Exchange Commission (SEC). This development has sent shockwaves through the crypto community and caused a 14.4% plummet in the value of SafeMoon’s native token. The bankruptcy filing, made under Chapter 7, signifies SafeMoon’s intention to halt operations and liquidate assets to settle outstanding debts. The company acknowledges debts of approximately $500,000, while its assets are estimated to be within the $10 million to $50 million range. Top executives of SafeMoon, including Kyle Nagy, John Karony, and Thomas Smith, have also found themselves in legal

DeFi Community Shocked by Supply Chain Attack on Ledger ConnectKit
5 months ago 1 min read

DeFi Community Shocked by Supply Chain Attack on Ledger ConnectKit

Ledger ConnectKit fell victim to a supply chain attack, resulting in a significant security compromise known as a “rug-pull.” The vulnerability allows the injection of malicious code into various decentralized applications (dApps), posing a considerable threat to users and their assets. Web3 security firm Blockaid identified LedgerHQ’s ConnectKit, particularly versions beyond 1.1.4, as the compromised package in this attack. According to Ledger, the incident occurred when a former employee’s NPMJS account was compromised due to a phishing attempt earlier today. The malicious code, redirected to a hacker’s wallet using a rogue WalletConnect project, is under investigation. Ledger has pledged to

Solana's BONK Soars, Becomes 69th Largest Coin with $1 Billion Market Cap
5 months ago 1 min read

Solana’s BONK Rockets to Become the 69th Largest Coin with Over $1 Billion Market Cap

BONK, Solana’s meme coin, has risen to prominence, ranking 69th on CoinMarketCap’s list of the top cryptos with a market capitalization greater than $1 billion. This significant milestone comes as BONK has increased by 64% in the last 24 hours, reaching another all-time high after being listed on Coinbase, the largest cryptocurrency exchange in the United States. Despite the inherent volatility of meme coins, BONK has proven to be resilient. Following a brief 6% drop following the listing, it resumed its upward trend, nearly matching its previous all-time high. BONK’s market cap is nearly $1.05 billion as of the most

Ledger crypto wallet provider has issued a critical software update
5 months ago 1 min read

Ledger Addresses Security Breach, Urges Users to Update Software

In response to a significant security breach, Ledger, a prominent crypto wallet provider, has issued a critical software update, urging users to upgrade to version 1.1.8 as soon as possible for increased security. The company has advised users to wait a day before using the wallet after upgrading to the latest version. When a former Ledger employee fell victim to a phishing attack, they unwittingly granted unauthorized access to their account. Initially reported to be a loss of around $150,000, recent updates from Bitcoin.com indicate that the impact may have increased to around $484,000. Ledger has been quick to respond

Bitwise Asset Management has listed its Bitcoin (BTC) exchange-traded fund (ETF)
5 months ago 2 mins read

Bitwise Asset Management has listed its Bitcoin (BTC) exchange-traded fund (ETF)

Bitwise Asset Management, a prominent crypto player, has listed its Bitcoin (BTC) exchange-traded fund (ETF) with the symbol $BITB on the Depository Trust & Clearing Corporation (DTCC). This development is significant because it increases the likelihood of the United States approving a spot BTC ETF. Bitwise’s initiative follows in the footsteps of Fidelity, indicating that cryptocurrencies are gaining acceptance in mainstream finance. A key figure at Bitwise, Matt Hougan, shared insights into the active efforts behind this strategic launch. To expedite the approval process, the company proactively engages in marketing initiatives, media outreach, and consistent dialogues with the U.S. Securities

BONK experienced a 45% increase in value following the announcement of its listing on Coinbase
5 months ago 1 min read

BONK coin jumps 45% on Coinbase listing, becoming 3rd largest meme coin

BONK, a meme coin based on the Solana blockchain, experienced a 45% increase in value following the announcement of its listing on Coinbase, a major crypto exchange. This surge propelled BONK to become Coinbase’s third-largest meme coin, trailing only the well-known Dogecoin and Shiba Inu. In its official announcement, Coinbase stated, “Once sufficient supply of this asset has been established, trading on our BONK-USD trading pairs will launch in phases.” It was clarified, however, that the availability of BONK/USD trading pairs may vary by region. Coinbase’s decision to list a specific token is frequently interpreted as a vote of confidence

Sushi DeFi recently experienced a security breach via its Web3 connector
5 months ago 1 min read

DeFi Protocol Sushi Falls Victim to Exploit, Affecting Web3 Connector Users

Sushi, a well-known DeFi (Decentralized Finance) protocol, recently experienced a security breach via its Web3 connector, prompting the protocol’s Chief Technology Officer (CTO), Matthew Lilley, to issue a warning. As a precaution, users have been advised to refrain from using any decentralized applications (dApps) for the time being. The security incident involves a front-end exploit, which is a type of attack that alters the appearance of a website or application in order to deceive users. While the exploit does not directly target the protocol’s main wallets, it can manipulate the user interface to redirect funds and trick users into performing

Insomniac Games has fallen victim to a cyberattack. Hacker demands a ransom of 50 Bitcoin, equivalent to over $2 million, CyberDaily revealed
5 months ago 1 min read

Insomniac Games Faces Cyberattack: Ransom Demands Over $2 Million in Bitcoin

Insomniac Games, the renowned studio behind titles like Spider-Man 2 and the Ratchet & Clank series, has reportedly fallen victim to a cyberattack orchestrated by the Rhysida hacker group, demanding a ransom of 50 Bitcoin, equivalent to over $2 million, CyberDaily revealed. Sony, the parent company of Insomniac Games, is actively investigating the security breach. According to reports, the hackers, part of the Rhysida group, claim to have accessed sensitive data, including U.S. passport scans, personal information from W9 tax forms, and game screenshots from Insomniac’s upcoming Wolverine game based on the Marvel superhero. The compromised personal data is believed

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