Main topic: Hackers stole $62 million from Curve Finance, raising concerns about the strength of the decentralized finance ecosystem.
Key points:
1. Curve Finance is one of the largest decentralized exchanges (DEX) with $1.67 billion in total value locked (TVL).
2. Several DeFi projects' pools were also hacked, resulting in significant losses.
3. The hack was caused by a bug in older versions of the Vyper compiler contract programming language.
4. The hack represents about 4% of Curve's TVL, but a white hat hacker returned $5.4 million to Curve.
5. The hack highlights ongoing challenges and vulnerabilities in the crypto space.
Bankrupt crypto exchange FTX seeks to protect its remaining assets through hedging arrangements and generating yield, while also enlisting Mike Novogratz and Galaxy Digital as its investment adviser to preserve value for stakeholders and sell recovered digital assets.
Defunct crypto exchange FTX experienced a cybersecurity breach involving its claims agent Kroll, resulting in the exposure of non-sensitive customer data linked to its ongoing bankruptcy case, while fraudulent emails posing as entities involved in the proceedings are already being sent to clients.
Customer data of bankrupt crypto exchange FTX and lender BlockFi have been compromised due to a hack of a third-party agent, raising concerns of potential misuse of personal information, although passwords and sensitive data were unaffected.
FTX's transfer of $10 million worth of digital assets from the Solana network to Ethereum has raised concerns about potential token dumps amid the exchange's bankruptcy proceedings.
FTX, a prominent cryptocurrency exchange, favored top executives with transactions that enriched them just before its downfall in 2022, according to financial statements presented to the United States Bankruptcy Court for the District of Delaware.
The bankrupt crypto exchange FTX recently transferred $10 million worth of Solana (SOL) tokens to the Ethereum network, a move that may create instability in the cryptocurrency market, as FTX undergoes a bankruptcy review and proposes a structured approach to the sale of its digital assets.
FTX, a beleaguered crypto exchange, is expected to gain approval to liquidate $3.4 billion in cryptocurrencies, potentially impacting Ethereum, Solana, and altcoins, while FTT, FTX's proprietary token, raises concerns due to limited liquidity and market depth.
FTX's plan to sell $3.4 billion worth of crypto to return fiat currency to users, along with pressure on crypto venture capital funds to return funds, is expected to create an overhang for altcoins, leading to potential declines in prices.
Crypto exchange FTX has amended its proposal to sell billions in crypto assets, addressing concerns raised by the U.S. Trustee, by agreeing to keep them privately informed alongside creditors' committees.
The collapsed crypto exchange FTX has been granted permission to liquidate its digital assets to repay creditors, including Bitcoin, Ether, and Solana, amounting to around $3.4 billion. The founder of FTX, Sam Bankman-Fried, is facing charges of fraud and conspiracy, with his bail being revoked last month.
Business magnate Mark Cuban has allegedly been hacked, resulting in the theft of $870,000 worth of digital assets from his MetaMask wallet, including Ethereum, staked Ether, SuperRare, Ethereum Name Service tokens, and stablecoins.
Bankrupt crypto exchange FTX has filed a lawsuit against former employees who allegedly exploited their connections to prioritize their asset withdrawals before the exchange's bankruptcy filing, with the total value of the suspect transfers estimated at $157.3 million.
Around $4 million worth of ethereum (ETH) tied to the FTX exchange hack has started moving, while $21 million still remains in the original wallet, as the trial of FTX founder Sam Bankman-Fried, who is facing fraud charges, is about to begin.
FTX, a once-prominent cryptocurrency exchange valued at $32 billion, collapsed in November 2022, leading to the arrest of its founder, Sam Bankman-Fried, who is accused of orchestrating one of the largest financial frauds in history. The collapse of FTX and the subsequent trial of Bankman-Fried highlight the risks and potential consequences of the crypto industry.
The co-founder of FTX, a bankrupt digital asset exchange, revealed that its sister firm, Alameda, had been using billions of dollars of FTX customer assets for trading purposes since 2019, leading to accusations of fraud and mishandling of customer funds.
FTX, a cryptocurrency exchange that experienced a major hack last year, managed to prevent the loss of over $1 billion worth of crypto by scrambling to move funds to secure storage and transferring them to cold storage wallets.
Hackers responsible for stealing over $400 million from FTX and FTX.US are using the media attention around Sam Bankman-Fried's fraud trial to further obfuscate the movement of stolen funds.
Hackers stole millions of dollars of cryptocurrency from FTX after the company declared bankruptcy, with FTX employees scrambling to protect assets, including holding $500 million on a USB drive.
The thieves who stole more than $400 million from FTX may have ties to Russian cybercriminals, according to cryptocurrency tracing firm Elliptic, as they have used services that commingle funds with cryptocurrency from Russia-linked ransomware hackers and dark web markets.
A thief who stole over $470m in cryptocurrency from FTX is attempting to cash out $20m daily, while the exchange's founder is on trial for fraud and money laundering.
Blockchain analytics firm Elliptic has raised the possibility that the $477 million hack of FTX could be an inside job, as stolen assets are being moved by anonymous hackers just as the trial of FTX founder Sam Bankman-Fried begins.
Decentralized exchange THORSwap has resumed operations after detecting illicit funds and implementing updates to its platform, including new terms of service and additional protections, while also clarifying its centralized status; meanwhile, blockchain analytics firm Elliptic reports that the hacker of the defunct crypto exchange FTX has used THORSwap to convert stolen Ether into Bitcoin before sending them to sanctioned cryptocurrency mixers.
Collapsed crypto exchange FTX is transferring $8.6 million in Ethereum, Chainlink, Aave, and Maker to Binance, indicating the beginning of a sale to repay creditors after going bankrupt, according to analysts.
The debtor group controlling wallets associated with the bankrupt crypto exchange FTX moved over $19 million worth of tokens to various crypto exchange addresses, including Binance and Coinbase.
Crypto firms Alameda Research and FTX transferred over $10 million worth of cryptocurrency to exchange deposit accounts in a span of five hours, potentially indicating their intention to sell assets to repay creditors.
Bankrupt crypto exchange FTX transferred millions of dollars worth of crypto assets, including LINK, MATIC, and AGLD, to Coinbase and an intermediary address, as its founder was set to testify at his criminal trial.
