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Poly Network Hacker Says ‘In the Defi World Code Is Law’ While Returning Millions in Defi Tokens
12.8.2021
Two days after the notorious Poly Network hack, the hacker continues to send funds back to the project. On August 12, the Poly Network hacker so far has returned millions worth of ether, thousands of uni tokens, 1,032 wrapped bitcoins, and 96 million in stablecoins. The day prior, after returning...
Ukraine Shuts Down Crypto Exchangers Sending Money to Russian Wallets
12.8.2021
The Security Service of Ukraine (SBU) has closed down a number of “underground” crypto exchangers in Kyiv. Officials say the platforms have been making a million dollars in monthly turnover and allegedly sending money to digital wallets operated by Russian payment providers....
Poly Network Hacker Keeps Sending Funds Back, Returns USD 342M
12.8.2021
The hacker of the decentralized finance (DeFi) interoperability protocol Poly Network has returned more than half (in USD terms) of the stolen funds so far.
Per the latest data provided by Poly Network, as of August 12, almost USD 342m of assets has been returned. This includes:
On Binance Smart...
Kucoin Boss on Strategy After Hack: ‘We Chose to Act’
12.8.2021
Kucoin, one of the leading crypto exchanges, suffered a hacking incident in 2020 where over $250 million was stolen. However, immediately after the hacking was reported, Kucoin began cooperating with various players from the crypto industry. This cooperation ultimately led to the recovery of...
Poly Network Hacker Returns $4.7M in Funds — Attacker Asks Devs to Unlock Frozen Tether Stash
11.8.2021
On Tuesday, the decentralized finance (defi) project Poly Network was hacked for over $600 million in digital assets. The attack was the largest defi hack to date eclipsing all of 2021’s defi hacks combined. The very next day, however, the hacker started to send funds back to the Poly Network...
Poly Network hacker appears ready to return stolen funds
11.8.2021
The Poly Network hacker said they will return the stolen cryptocurrency funds, and have asked for a secured multisig wallet
Poly Network Exploiter Starts Returning the Funds, Gives Back USD 1M
11.8.2021
The hacker of the decentralized finance (DeFi) interoperability protocol Poly Network, that just lost over USD 600m, first asked the protocol for a multi-signature (multisig) wallet to return the funds - and has started returning it.
So far, the hacker returned USD 1.007m, per Polygonscan data....
The $62B Stablecoin Giant Tether Publishes Assurance Report Reviewed by Auditor Moore Cayman
10.8.2021
Tether Limited has released an assurance report reviewed by Moore Cayman, an auditor of investment funds and digital assets. The report provides a breakdown of the company’s assets and reserves which Moore Cayman claims are around $62.7 billion as of June 30. Tether Publishes Assurance Report...
Bitcoin Cash Argentina Crowdfunds Circular Economy and Adoption Campaign
10.8.2021
Bitcoin Cash Argentina, a nonprofit foundation destined to increase the knowledge and adoption of the cryptocurrency in the country, has achieved its second milestone by crowdfunding a new circular economy campaign using Flipstarter. This new campaign goes even further with the goal of onboarding...
Game Payment Company CEO Sounds Like A Massive Jerk
6.8.2021
Game payment company Xsolla is reportedly planning to lay off 150 people for being “unengaged and unproductive.” CEO and founder, Aleksandr Agapitov later wrote on Twitter, “Work your fucking ass off or get your fucking ass out.” It’s a big old mess made more complicated by the CEO’s continued...
JPMorgan Quietly Offers 6 Crypto Investments Despite CEO Jamie Dimon’s Anti-Bitcoin Stance
6.8.2021
Global investment bank JPMorgan is now offering six cryptocurrency investment funds to clients despite its CEO, Jamie Dimon, continually advising against investing in bitcoin and other cryptocurrencies. JPMorgan Chase has quietly begun giving its wealth management clients access to...
Huobi Stablecoin Issuer Publishes Attestation Reports Tied to HUSD Reserve Backing
6.8.2021
The crypto financial services company Huobi and the firm’s stablecoin issuer Stable Universal have published monthly HUSD attestation reports. The audits indicate the funds that back Huobi’s stablecoin are kept in cash in U.S. money market accounts in order to ensure the 1:1 ratio with...
Demand for Crypto Analytics Continues as Messari Raises $21 Million
6.8.2021
The crypto analytics and market intelligence company Messari revealed on Thursday the firm has raised $21 million in a Series A financing round. The funds will be used to expand Messari’s product suites and it aims to “triple the size of its engineering and research teams.” Crypto...
JPMorgan now offers clients access to six crypto funds … but only if they ask
6.8.2021
JPMorgan now offers access to six different crypto funds from GrayScale, Osprey Funds and NYDIG
Ciphertrace Announces Enhanced Monero Tracing Capabilities for Governments
6.8.2021
Crypto compliance firm Ciphertrace has announced enhanced tools for tracing Monero transactions. “Ciphertrace takes Monero tracing capabilities to the next level with the ability to follow the flow of funds backwards from the transaction of interest to its source,” the company claims....
Slew of Venture Funds, Eminem, Paul Rosenberg Inject $30 Million Into NFT Platform Makersplace
5.8.2021
On Wednesday, the non-fungible token (NFT) market platform Makersplace secured $30 million in a Series A financing round. The team behind the NFT marketplace says it plans to leverage the funds to “acquire additional talent and scale the business.” While the Series A was co-led...
SEC Chair Gensler Outlines Plans for Crypto Trading, Exchanges, Investor Protection, Bitcoin ETFs
5.8.2021
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined how the SEC plans to regulate the crypto industry. Focusing on investor protection, Gensler discussed concerns the SEC has about crypto trading, exchanges, lending, defi platforms, and exchange-traded...
DACH Funds May Inject USD 657B In Digital Assets Within 3 Years - Report
4.8.2021
Source: AdobeStock / by-studio
Within three years, between USD 100bn and USD 657bn could be injected into the digital asset market from the DACH region which comprises the German-speaking countries of Germany, Austria, and Switzerland, according to a report released by Russian tech-focused think...
FBI joins Mirror Trading probe in Africa to help recover US investor funds
4.8.2021
The Federal Bureau of Investigation is joining the investigation into one of the largest alleged crypto scams of 2020
South Africa Bitcoin Heist: Court Grants Liquidators Authority to Track Missing Africrypt Investor Funds
3.8.2021
A South African court has granted liquidators of the collapsed bitcoin investment firm Africrypt the powers to track down missing investor funds. Also, as part of the court decision, Africrypt liquidators will now have the authority to sell assets and property belonging to the company....