In yet another significant exploit, Radiant Capital, a cross-chain lending system, had 1,900 Ethereum (ETH) stolen worth $4.5 million. PeckShield, a blockchain security and analytics company, reported about the incident first. A recent hacking event on RDNT Capital led to the loss of 1.9k ETH, or over $4.5 million, according
January 3, 2024 1 min read
In the 17th batch of the LUNC burn mechanism, cryptocurrency exchange Binance, burnt 5.57 billion Terra Luna Classic (LUNC) tokens. More than 49 billion LUNC, or 53% of all tokens burned by the Terra Luna Classic community, have been burned by the crypto exchange thus far. Following Binance’s most recent
January 2, 2024 1 min read
There was an assault on Orbit Chain’s cross-chain bridge recently, which led blockchain security organizations to estimate that about $100 million worth of cryptocurrency was stolen in December. According to PeckShield, December saw the fifth-highest number of attacks in 2023, owing to the $81.5 million Orbit Bridge cross-chain bridge vulnerability,
January 2, 2024 2 mins read
It was reported by Reuters based on sources that the SEC may contact the spot Bitcoin ETF applicants next week. It suggests that a decision about their launch approval may be made as soon as Tuesday. The acceptance of spot Bitcoin ETF is a major step forward for the cryptocurrency
December 31, 2023 2 mins read
While acknowledging that there are only few modifications compared to last year, Vitalik Buterin, founder of Ethereum, has released the Ethereum roadmap until 2024. Buterin lays out the six primary components that will continue to drive Ethereum in 2024 in a series of posts on Twitter. The six components—the merge,
December 31, 2023 2 mins read
The Web3 security space saw a dramatic shift in 2023, exhibiting both advances in resilience and enduring difficulties. Cyberattacks against the Web3 sector resulted in over $1.7 billion in damages in 2023; 453 incidents were documented. The variety of dangers shown by these assaults highlights the critical necessity for the
December 30, 2023 5 mins read
U.S. District Judge Richard A. Jones dismissed Binance founder Changpeng Zhao’s (CZ) request for foreign travel on Friday, dealing him yet another setback. Before pleading guilty in November to breaking US law, Zhao had asked the court for consent to travel while out on bond. This was the second time
December 30, 2023 2 mins read
The Japanese asset manager, crypto exchange, and brokerage company Monex Group has declared its intention to acquire 3iQ Digital Holdings’ controlling share. In a statement made on December 28th, Monex said that 3iQ’s background in listing early Bitcoin and Ethereum exchange-traded funds in North America was a factor in the
December 29, 2023 2 mins read
A security compromise was reported on Thursday by Catalyx, a crypto trading platform based in Canada. In this case, the cryptocurrency assets held by the exchange are at risk of being lost. The cryptocurrency exchange’s operator, CatalX CTS Ltd., issued a statement stating that an employee is believed to be
December 29, 2023 1 min read
Binance founder Changpeng Zhao (CZ) has asked a federal court in the U.S to issue a travel authorization order, which is the most recent move in the ongoing case against him by the United States DOJ. Previously, the court had directed that the former CEO of Binance reside in the
December 28, 2023 2 mins read