Ethereum staking protocol Lido Finance has assured both Lido DAO (LDO) and staked-Ether (stETH) tokens remain safe despite hackers allegedly exploiting a known security flaw in LDO’s token contract. Lido didn’t confirm any exploits, but acknowledged the security flaw was known and reassured LDO and stETH funds remain safe in response to a Sept. 10 post by blockchain security firm…
Decentralized social media platform friend.tech has seen a sudden surge in total value locked (TVL), doubling to reach more than $20 million within the last four days. Only two weeks ago, critics declared the platform “dead” after activity on the app looked to be fizzling out. Total value locked and fees on Friend.tech since Aug. 10. Source: DeFiLlama However, activity…
The U.S. Department of Justice is moving to seize millions of dollars in Bitcoin that a teenage hacker had stolen from crypto executives four years ago. Prosecutors are also making sure they recover the sports car he bought with the stolen Bitcoin back, too. Last week, a federal judge signed off on an order demanding that Ahmad Wagaafe Hared turn…
Ethereum creator Vitalik Buterin appears to have fallen victim to a hacker on Twitter, who went on to steal $691,000 from users who followed a corrupted link posted to his feed. The hack was first noticed on Saturday when a post appeared on Buterin’s post announcing the launch of a set of commemorative non-fungible tokens (NFTs) from software provider Consensys.…
Failed cryptocurrency exchange FTX paid out hundreds of thousands of dollars in high-profile marketing and sponsorship deals to celebrities like Shaquille O’Neal, Naomi Osaka, and David Ortiz, among others, according to court documents in its ongoing bankruptcy procedures. In a court filing submitted to the U.S. Bankruptcy Court in Delaware by FTX’s current management, the company disclosed a detailed list…
The internet in federal jail is apparently not very reliable, and that is prompting Sam Bankman-Fried’s (SBF) legal team to renew their calls to secure him early release so that he may better prepare for his upcoming legal case. In a filing submitted to a federal judge on Friday, Bankman-Fried’s lawyers said that their client is not being provided adequate…
Bankrupt crypto exchange FTX has filed a lawsuit against cross-chain protocol LayerZero Labs, seeking to recover $21 million in funds that were allegedly illegally withdrawn prior to FTX’s shutdown in November 2022, according to court documents filed on September 9. The case traces back to transactions made from January to May 2022, between Alameda Ventures — the venture capital arm…
Bitcoin (BTC) traded in a narrow range this week and is on target to form the third consecutive Doji candlestick pattern on the weekly chart. The cryptocurrency markets did not receive any support from the United States equities markets, which ended the week on a negative note. The S&P 500 Index dropped 1.3% while the Nasdaq closed down 1.9%. Bitcoin’s…
The failure of crypto custodian Prime Trust over the summer laid bare the shortcomings that come with self-custody, but the risks within the industry are “widespread,” said Diogo Monica, the CEO of Anchorage Digital. In an interview with Decrypt, Diogo said that the problem at Prime Trust wasn’t related to the technology they used to custody assets. Instead, he said…
Illustration by Mitchell Preffer for Decrypt Most leading cryptocurrencies grew in value slightly over the week, as it was a relatively constructive seven days for the industry: Visa now supports USDC payments on Solana, and the London Stock Exchange Group (LSEG) announced it is utilizing blockchain technology for a digital exchange that will sell tokenized traditional financial assets. Visa’s head…
