Lido Finance, the leading liquid staking protocol, faces a minimum penalty of 20 EthereumEthereum before it can withdraw its ETH from validators that were slashed. On Wednesday, 20 validators associated with Launchnodes, one of Lido’s node operators, got slashed from the Ethereum network, recording the largest number of validators slashed within a day this year. According to an update by…
Decentralized finance (DeFi) protocol Platypus has lost over $2 million in assets after suffering another flash loan exploit on its platform. The protocol suspended all of its pools in response to the attack. According to the blockchain security platform CertiK, the DeFi platform suffered three attacks, with $2.23 million taken in total across the exploits. On Oct. 12, the first…
In yet another lengthy thread on X (formerly known as Twitter), former Alameda Research software engineer Aditya Baradwaj revealed how FTX’s sister fund grappled with multiple security incidents, ultimately losing at least $190 million in trading funds. One of the most significant exploits detailed by Baradwaj reportedly involved a trader at Alameda losing more than $100 million of the firm’s…
Caroline Ellison, the former romantic partner of embattled FTX founder Sam “SBF” Bankman-Fried and former CEO of Alameda Research, has claimed in her courtroom testimony that SBF bribed Chinese officials for millions of dollars to unfreeze funds locked in local exchanges. In her Oct. 11 testimony, Ellison said there was $1 billion in funds locked up in China and that in…
On Oct. 12, DeCurret Holdings published a White Paper on the digital currency project DCJPY. The group of Japanese companies intends to launch the coin in July 2024. According to the White Paper, the DCJPY network will consist of two areas: the Financial Zone and the Business Zone. The former will include banks, minting bank deposits as digital currency on the…
The spot trading volume of Coinbase, one of the largest crypto exchanges in the United States, has dropped by more than half, highlighting a shift in interest in crypto trading. Citing analysis from digital asset data provider CCData, mainstream media outlet Bloomberg reported on Oct. 11 that Coinbase registered around $76 billion in spot trading volume. Compared to its quarterly…
BarnBridge decentralized autonomous organization’s (DAO) members have conducted their voting on how to react to the United States Securities Exchange Commission’s (SEC) potential demands. The voting ended on Oct. 12 with an unanimous decision to comply with the SEC’s potential demands and pay fines if necessary. Tyler Ward and Troy Murray were nominated as DAO’s special delegates for dealing with…
Former Alameda Research engineer Aditya Baradwaj says one trader lost more than $100 million after clicking on a fake link. Source: https://cointelegraph.com/app/public/index.php/news/alameda-research-lost-190-million-fake-links-scams-former-engineer
Pet3rPan_ on venture DAOs and blockchain games Welcome to the 4th episode of this time will be different. Our guest for today’s episode is Pet3rpan_ from Metacartel, 1kx, HydraVentures, and more! Tweets by pet3rpan_ This Time Will Be Different is sponsored by 1000x https://decrypt.co/1000x Source: https://decrypt.co/videos/interviews/DawNLI3O/pet3rpan-on-venture-daos-and-blockchain-games
Hardware wallet provider Trezor has just unveiled a trio of new products aimed at assisting enthusiasts self custody their cryptocurrencies. The new product lineup features the Trezor Safe 3 hardware wallet, the Trezor Keep Metal recovery seed backup, and a limited-edition Trezor Safe 3 Bitcoin-only wallet. “Despite the obvious wisdom of ‘not your keys, not your crypto,’ just 2% of…
