iFinex, the parent company of Bitfinex, is launching a $150 million share buyback to protect 2016 hack victims from regulatory scrutiny. Key Takeaways In a pivotal move amidst intensifying regulatory examination into the cryptocurrency sphere, iFinex, the parent company of Bitfinex, has declared a $150 million share buyback. This strategic decision aims to safeguard victims of the notorious 2016 Bitfinex …
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Centralized exchange HTX recovers $8 million in Ethereum (ETH) after a hacking incident, with hacker returning assets for a 250 ETH bounty, emphasizing customer security. Key Takeaways In a noteworthy recuperation, centralized cryptocurrency exchange HTX, once identified as Huobi Global, has successfully recovered a staggering $8 million in Ethereum (ETH) following a potentially disastrous hacking incident. The event, transpiring in …
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Gary Wang, co-founder of FTX, testifies against Sam Bankman-Fried, alleging financial crimes and lies, implicating Bankman-Fried in illegal fund transfers. More witnesses are expected. Key Takeaways In a courtroom drama that is capturing the attention of the crypto world, FTX co-founder Gary Wang has levied substantial accusations against the platform’s founder, Sam Bankman-Fried, alleging the fraudulent mishandling of billions of …
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The Shiba Inu community faced a scam as the Telegram account of a prominent member, Ragnar Shib, was compromised to promote a fake BONE token airdrop. Key Takeaways Crypto Scam In an unfortunate turn of events, the Shiba Inu community has found itself amidst a crypto scam. Ragnar Shib, an admin in the community, had his Telegram handle hacked, which …
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The infamous FTX hacker activates their account, transferring 5,000 ETH, raising concerns of market impact amidst Ethereum ETF anticipation and a potential government shutdown. Key Takeaways In a gripping development, the hacker behind the infamous FTX exploit has shown activity after nearly a year, moving around 5,000 ETH. The movement comes as the crypto market keenly anticipates the launch of …
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A well-known finance personality, Peter Schiff, who is known for his negative stance on cryptocurrencies, has fallen victim to a Twitter hack. The hacker had taken over Schiff’s Twitter account and tweeted a link to a phishing site, promoting a fake $GOLD coin scam. The news of the hack was first reported when Schiff’s Twitter account was found to be …
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The Decentralized Finance (DeFi) space is in turmoil after a recent hack on the SushiSwap RouterProcessor2 contact led to a loss of $3.3 million. The unauthorized withdrawal was made possible by an approve-related bug, causing widespread concern among cryptocurrency investors and raising questions about the security of smart contracts. Details of the Attack According to reports, an attacker exploited an …
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