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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.”
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
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 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
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