More than $320 million was lost to bad actors within the crypto space in the first quarter of the year as per data compiled by smart contract security platform CertiK. The figure represented a …
DEUS Finance Stablecoin Hack Leads to $6 Million Loss
DeFi protocol DEUS Finance lost more than $6 million in a hack over the weekend which exploited a vulnerability in the stablecoin DEI, but a large chunk of it has now been recovered. According to …
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Bitcoin slides after network congestion leads Binance to briefly halt withdrawals
Bitcoin fell to start the week, extending losses from a sharp drop over the weekend following reports by one of the biggest crypto exchanges in the world about “congestion” on the Bitcoin network. The …
Yuga Labs CEO Daniel Alegre’s Twitter Hacked: Red Carpet Welcome Or Nightmare Debut?
Daniel Alegre‘s account tweeted out a malicious mint link yesterday. The tweet read, “It’s almost time to enter the Otherside. Start your journey at [malicious link] before the portal closes.” …
Feet Labs’ Discord Server Breach Detected
The Discord server of Feet Labs has been compromised, according to the latest reports. The warning was shared by CertiK Alert, a platform that shares on-time alerts regarding crypto scams and …
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Reports of Web3 and DeFi hacks surge during Q1 2023
Analysis from Naoris Protocol, a global cyber security firm, reveals there was a rise in the number of reported cyber security hacks on Web3 and DeFi in Q1 2023 compared to the same period in 2022 and …
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New York AG’s office seeks additional authority over crypto firms
Letitia James has reportedly proposed legislation that would give the New York Attorney General’s office more authority to regulate the crypto industry. In a May 5 announcement, the NY AG’s office …
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How AI and cryptocurrency can work together to realise Web3’s potential
Generative AI has been making headlines in the past few months with impressive breakthroughs and applications, such as AI-powered chatbot ChatGPT and image generators Stable Diffusion and Midjourney. …
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First Insider Trading Case Involving Digital Assets Comes to Light as Ex-OpenSea Manager Found Guilty
A former product manager at the OpenSea NFT marketplace was found guilty of fraud and money laundering in connection with insider trading on May 3. Nathaniel Chastain allegedly used insider …
WallStreetBets mod dumps memecoin worth $635K in alleged rug pull
A moderator of the popular trading subreddit r/WallStreetBets has dumped a large portion of the WSB Coin (WSB), a token project that claims to be the official memecoin of Wall Street Bets. On May 2, …
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