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Sonne Finance Suffers $20M Exploit, Hacker Flees
15.5.2024
Lending protocol Sonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and USDC, and flees.
The post Sonne Finance Suffers $20M Exploit, Hacker Flees appeared first on Cryptonews
Over 1 Million New Tokens Launched Since April, Ethereum and Solana Lead the Way
15.5.2024
The cryptocurrency market has witnessed the launch of over 1 million new tokens since the beginning of April, with Ethereum and Solana leading the way.
The post Over 1 Million New Tokens Launched Since April, Ethereum and Solana Lead the Way appeared first on Cryptonews
Defi Protocol Sonne Finance Reports Major Security Breach, $20 Million Lost to Hackers
15.5.2024
Sonne Finance, a decentralized liquidity market protocol, was hit by a cyberattack, with initial losses of $3 million in USD Coin and Wrapped Ethereum from its Optimism chain quickly escalating to $20 million, as detected by blockchain security firm Cyvers on May 15. Following the attack, Sonne...
More than one million new tokens have been launched since April
15.5.2024
Nearly half of the one million new tokens launched since April 1 have been memecoins created on the Solana network
Moonpay Donates $1 Million to Stand With Crypto
15.5.2024
Moonpay, one of the largest cryptocurrency onramp and offramp providers, has donated $1 million to Stand With Crypto, a nonprofit that seeks to rally American voters around the cryptocurrency cause. Moonpay CEO Ivan Soto-Wright stated that the donation made would contribute to creating...
Billionaire Peter Thiel’s Venture Capital Firm Leads Polymarket’s $45 Million Series B Funding Round
15.5.2024
Billionaire Peter Thiel’s Founders Fund recently led the Series B funding round for the crypto-based prediction markets platform, Polymarket, which raised $45 million. The latest round valued Polymarket lower than the $1 billion it had anticipated before the Commodity Futures Trading Commission...
Top 10 US Pension Fund Invests $162 Million In Bitcoin ETFs
14.5.2024
Wisconsin's leading pension fund bought shares in both BlackRock and Grayscale's Bitcoin ETFs.
The post Top 10 US Pension Fund Invests $162 Million In Bitcoin ETFs appeared first on Cryptonews
Tether Takes Action: $5.2M in USDT Frozen Due to Phishing Links
14.5.2024
Tether is still keeping an eye out for illegal activity taking place on its blockchain. Tether detected and blocked USDT worth $5.2 million on May 14 as part of its efforts to impose stringent network controls and stop money laundering.
The post Tether Takes Action: $5.2M in USDT Frozen Due...
Unofficial GameStop memecoin surpasses $100M in market cap
14.5.2024
The Solana memecoin has soared more than 2,000% in the past week following the surge in GameStop's stock
Rain crypto exchange loses $14.1 million in hack
14.5.2024
Rain, a centralized cryptocurrency exchange in Bahrain, fell victim to a hacking incident. The exchange is basically a user-oriented link, adhering to Islamic finance-related fundamentals. Rain provides trading pairs for multiple cryptocurrencies, such as Bitcoin, Ethereum, and many more. It...
MtGox set to distribute $500 million in assets to creditors by October 2024
14.5.2024
MtGox is on the way to deliver 142,000 Bitcoin (BTC) and 143,000 Bitcoin Cash (BCH), along with 69 billion yen, to creditors by October 31, 2024. For some time now, the company has put investors in an absolute quandary regarding its actual status. The company was officially established in 2010...
Newest dog meme coin Dogeverse raises over $15 million in crypto presale
14.5.2024
The crypto market has witnessed a resurgence of meme coin activity, and this new entrant, Dogeverse, is taking the lead. This new meme coin has surpassed the $15 million mark in its current presale in a display of savvy investor backing. This remarkable feat signals a potential boom for Dogeverse...
Bitcoin Price Prediction as Two Mysterious Whales Start Transferring Funds After 10 Years – What’s Going On?
14.5.2024
Two dormant Bitcoin wallets moved 1,000 BTC, worth $60.9 million, raising speculation about market impacts and future Bitcoin price predictions.
The post Bitcoin Price Prediction as Two Mysterious Whales Start Transferring Funds After 10 Years – What’s Going On? appeared first on Cryptonews
Tether freezes $5.2 million in USDT linked to phishing scams
14.5.2024
Since its inception, Tether has frozen over $1 billion worth of assets linked to illicit activities on demand from law enforcement agencies
Proactive Detection by Certik Saves Wormhole Bridge From Potential $5 Million Hack
14.5.2024
Certik, a security firm, prevented a potentially disastrous $5 million exploit in the Wormhole cross-chain bridge by identifying a critical bug, showcasing the importance of proactive security practices and the benefits of open-source software in enhancing Web3 security standards. Wormhole,...
VanEck’s Bitcoin ETF Gains $109 Million Net Asset, Holds $619 Million Bitcoin in Q1
14.5.2024
VanEck's spot Bitcoin ETF HODL reports substantial asset growth in the first quarter of 2024, with total holdings reaching approximately $619 million in Bitcoin and a net realized gain of $6 million.
The post VanEck’s Bitcoin ETF Gains $109 Million Net Asset, Holds $619 Million Bitcoin in...
Security Firm CertiK Detects $5M Security Flaw in Cross-Chain Bridge Wormhole
14.5.2024
Security firm CertiK said it has detected a flaw in the cross-chain bridge Wormhole which could have resulted in $5 million worth of losses.
The post Security Firm CertiK Detects $5M Security Flaw in Cross-Chain Bridge Wormhole appeared first on Cryptonews
Rain Exchange Likely Exploited of $14.1 Million in Crypto 2 weeks ago: ZachXBT
14.5.2024
Rain cryptocurrency exchange experienced a potential exploit on April 29, resulting in the transfer of approximately $14.1 million worth of various cryptocurrencies to a new wallet under suspicious circumstances.
The post Rain Exchange Likely Exploited of $14.1 Million in Crypto 2 weeks ago:...
Middle East-Focused Crypto Exchange, Rain, ‘Likely Exploited’ for $14.8 Million, Says Zachxbt
13.5.2024
The cryptocurrency exchange Rain, which focuses on the Middle East, was likely exploited for $14.8 million on April 29, according to online crypto investigator Zachxbt. Zachxbt says he traced the stolen funds to a bitcoin address with 137.9 bitcoins and an ethereum address holding 1,881 ether....
CertiK discovered $5M security flaw in Wormhole bridge on Aptos
13.5.2024
A flaw in the bridge could have allowed an attacker to produce fake token transfers, but it was discovered and patched before anyone could take advantage of it