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Cypher Protocol Developer Confesses to Stealing $300,000 in User Funds and Gambling Away
15.5.2024
A pseudonymous developer at Solana-based Cypher Protocol has confessed to stealing approximately $300,000 worth of user funds and gambling them away.
The post Cypher Protocol Developer Confesses to Stealing $300,000 in User Funds and Gambling Away appeared first on Cryptonews
Solana-based Cypher developer confesses to gambling away $300K of user funds
15.5.2024
The insider’s exploit went unnoticed for months, despite over 36 individual transactions
Cypher core contributor admits to stealing $260K and gambling it away
15.5.2024
The contributor, “hoak,” said their actions were due to a “crippling gambling addiction” and “psychological factors that went by unchecked.”
Insider at Solana's Cypher Protocol Admits to Stealing $300K
14.5.2024
Core contributor Hoak blamed his actions on a "crippling gambling addiction."
Top Crypto Gainers Today on DEXTools – CYPHER, ATH, OPFLOW
8.3.2024
As major blue chip cryptos like Bitcoin (BTC) and Ether (ETH) nudge higher on Friday but remain stuck within weekly ranges, traders looking for faster gains continue to migrate to the highly volatile on-chain shitcoin markets on the hunt for top crypto gainers today.
The post Top Crypto Gainers...
Web3 Social Media Platform beoble Secures $7 Million Seed Funding From Samsung, Hashkey, and Others
19.2.2024
Hong Kong-based Web3 social platform beoble has closed its seed funding round, bringing in a total of $7 million from a diverse group of investors including Hashkey, Samsung, DCG, DWF Ventures, Nomura Laser Digital, Cypher Capital, and Blockchain Founders Fund. This latest funding comes three...
Web3 Social Media Platform beoble Secures $7 Million Seed Funding From Samsung, Hashkey, and Others
19.2.2024
Hong Kong-based Web3 social platform beoble has closed its seed funding round, bringing in a total of $7 million from a diverse group of investors including Hashkey, Samsung, DCG, DWF Ventures, Nomura Laser Digital, Cypher Capital, and Blockchain Founders Fund. This latest funding comes three...
Phoenix Invests $187 Million in Bitmain BTC-Mining Machines Acquisition
10.1.2024
Source: AdobeStock/artiemedvedev Blockchain mining firm Phoenix Group PLC has successfully acquired mining equipment valued at $187 million from Bitmain Development PTI Limited. In an announcement made on January 9, Phoenix Computer Equipment, a subsidiary of Phoenix Group, disclosed that...
Cypher Says Token Offering Part of Steps to Make Users Whole
25.8.2023
The Solana-based digital asset exchange announced on Aug. 23 that it is planning the “most fair” token launch in the history of Solana. According to Cypher, part of the funds raised via the initial decentralized offering will be used “to sustain protocol development, pay...
Cypher announces recovery plan, says it will 'socialize' losses in initial stage
23.8.2023
Cypher announced that losses from the exploit will be distributed among users in an initial stage, then compensated through protocol revenue when the platform relaunches
Hacked Crypto Exchange Cypher Plans to Hold Public Token Sale
23.8.2023
Cypher's IDO will test whether it can recapture momentum
Cypher Protocol reveals $600K of stolen funds is now frozen on CEXs
18.8.2023
Solana-based Cypher Protocol has managed to stop around $600,000 of stolen funds from exiting various centralized exchanges
Cypher Protocol Loses $1 Million in Blockchain Exploit – Here's What Happened
8.8.2023
Solana-based decentralized exchange Cypher Protocol halted its smart contract following an exploit that saw an estimated $1 million stolen.
On the evening of August 7 (UTC), Cypher confirmed that there had been a security incident, saying that the team was investigating it, but without providing...
Cypher Protocol freezes smart contract after an estimated $1M exploit
8.8.2023
A crypto wallet suspected to be tied to the exploit shows it gained over $1 million in SOL and UDSC since the attack
Solana-Based Cypher Protocol Experiences Exploit, Freezes Smart Contract
7.8.2023
The protocol’s contracts are now frozen as contributors attempt to make contact with hackers to negotiate a return of funds
Beloved Tabletop RPG Will Now Let Fans Make, Sell Their Own Games
16.6.2022
Indie tabletop role-playing game (TTRPG) designers will have some new rules to play with soon. Monte Cook Games announced last week that its core set of tabletop roleplaying game rules, known as the Cypher System, is switching to an open license that will allow anyone to design and sell content...
Gumi Cryptos Reveals $110 Million Fund Targeting Early-Stage Blockchain Startups
31.3.2022
On March 30, Gumi Cryptos Capital (GCC), announced the blockchain-focused venture capital firm’s second fund that will invest $110 million in early-stage blockchain startups. The second fund follows GCC’s initial $21 million fund that backed seed stage founders. Gumi Cryptos Capital...
UAE Venture Capital Firm Launches $100 Million Seed Fund for Blockchain and Crypto Projects
26.3.2022
Cypher Capital, a United Arab Emirates (UAE)-based venture capital (VC) firm, has announced the launch of a $100 million seed fund that will primarily avail funding to decentralized finance (defi), gamefi, and metaverse projects. Mentoring of Entrepreneurs A United Arab Emirates (UAE)-based venture...
Nifty News: Decentraland Times Square NYE party, Mutant Apes go bananas and more…
30.12.2021
Decentraland will unveil a virtual version of the iconic Times Square for its NYE party, Swedish bankers Mecro Bank announced Metaverse plans, and Cipher Punks NFT were canned following strong pushback