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BitGo Reiterates Autonomy From Justin Sun, Tron as MakerDAO Decides to Dump WBTC
15.8.2024
Critics of Sun's involvement don't understand the operational mechanics, the crypto custodian's CEO, Mike Belshe, said during an X Space discussion
Coinbase Promotes cbBTC, Wrapped Bitcoin Alternative for Base Blockchain
14.8.2024
Tweets from the crypto exchange and Jesse Pollack, the creator of Base, suggest cbBTC could run on the layer-2 blockchain
WBTC Custody Changes Prompts Defi Moves, Bitgo CEO Disregard Concerns
13.8.2024
The recent announcement of the custody change of WBTC, a wrapped version of bitcoin, has prompted a negative reaction in decentralized finance (defi) protocols that reject Justin Sun’s disclosed relation with the project. Bitgo is moving WBTC custody to a joint venture with Bit Global...
BitGo CEO argues WBTC security is unchanged amid concerns
12.8.2024
BitGo recently announced a new venture to diversify its Wrapped Bitcoin custodial locations, and Justin Sun’s involvement has caused concern for some
Wormhole instrumental in ICYMI $WBTC going live on Solana
25.6.2024
The activation of ICYMI $WBTC on Solana was facilitated by the wormhole, which enables its use throughout the DeFi ecosystem of Solana. Kamino Finance, Orca, and Drift Protocol are all involved in this. Wrapped Bitcoin ($WBTC), which is the initial wrapped bitcoin, is a kind of service allowing...
Crypto whale nets $7M from WBTC & ETH investments!
17.6.2024
One of the largest traders in cryptocurrencies closed his longs in WBTC and ETH and made a profit of $7 million. He sold 76.6 WBTC and 2,265 ETH for $13.19 million. This was the end of a leveraged investment plan that he started by borrowing funds from Aave with 5,545 ETH as collateral to purchase...
Declining But Dominant: WBTC Maintains Market Lead Over BTCB, RBTC, LBTC, and Other Derivatives
2.6.2024
The Wrapped Bitcoin (WBTC) protocol, initiated by Bitgo in 2019, holds the title of the largest BTC derivative project by market capitalization, and to date, no other project has exceeded its scale. Nonetheless, the past few years have seen a significant decline in the number of wrapped bitcoins...
WBTC address poisoner was exposed through ‘digital evidence’ — Match Systems
28.5.2024
Experts discovered personal information about the attacker by investigating IP addresses and device data connected to the attack
Zest Protocol Co-founder: Adding New Programming Capabilities Could Propel BTC’s Defi Ecosystem Beyond ETH’s
22.5.2024
According to Tycho Onnasch, co-founder of Zest Protocol, new programming capabilities which can be added to Bitcoin could help the leading crypto asset cancel out Ethereum’s early advantage of being able to deploy decentralized finance (defi) on Layer one (L1). Onnasch argued that once...
WBTC thief returns $71 million worth of stolen funds
13.5.2024
On-chain transactions leading up to the return suggest this wasn’t a white hat hacker but a malicious actor who intended to steal the funds before investigators got involved
WBTC address poisoner sends nearly all funds back to victim after negotiations
10.5.2024
Blockchain data shows that nearly 23,000 ETH was transferred into the victim’s account after negotiations opened on May 10
Crypto Scam Update: Stolen $71M WBTC Loot Distributed Among Multiple Wallets
8.5.2024
Stolen crypto funds tied to a recent $71 million wallet impersonation scam have started moving after six days.
The post Crypto Scam Update: Stolen $71M WBTC Loot Distributed Among Multiple Wallets appeared first on Cryptonews
WBTC thief spreads $71M loot across multiple crypto wallets
8.5.2024
Stolen crypto from a $71 million wallet impersonation scam is on the move after six days of dormancy
Trader Loses $68M of Wrapped Bitcoin in Address Poisoning Scam
4.5.2024
An unknown trader lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction in an address-poisoning scam.
The post Trader Loses $68M of Wrapped Bitcoin in Address Poisoning Scam appeared first on Cryptonews
Badgerdao Introduces a New Ether-Backed Synthetic Bitcoin Token
26.3.2024
Badgerdao, in partnership with Lido, has unveiled eBTC, an ether-backed synthetic bitcoin token aimed at enhancing the decentralization and capital efficiency of borrowing bitcoin in the decentralized finance (defi) space. Badgerdao and Lido Forge Partnership to Launch eBTC Badgerdao,...
Bitgo links up with Kava Chain for placing conventional WBTC
21.3.2024
Bitgo collaborates with Kava Chain to position conventional Wrapped Bitcoin (WBTC) to bring substantial conventional BTC liquidity to Kava ecosystem projects. Kava Chain becomes one of the few Layer 1 networks that Bitgo has associated with. Where the Wrapped Bitcoin is concerned, it is the biggest...
BTC and ETH Derivative Tokens Dominate by Securing Several Top Positions in the Crypto Economy
17.3.2024
Throughout this month, bitcoin and ethereum have risen to their highest valuations in years. These two pivotal crypto assets have substantially influenced the cryptocurrency market, with bitcoin currently holding a 51.9% market dominance and ethereum at 17% as of mid-March 2024. Furthermore,...
ZKSwap Boosts Liquidity with ZKFair Support and $2M in Initial Trades
19.1.2024
PRESS RELEASE. ZKSwap, the decentralized exchange operating within the ZKBase ecosystem, is pleased to announce its endorsement of the community-driven Layer2 network, ZKFair. Additionally, the platform has initiated the provision of initial liquidity on the ZKFair network. The newly introduced...
Orbit Bridge Hack Confirmed, Over $81.5 Million Lost in Cryptocurrency Assets
2.1.2024
Orbit Bridge, an inter-blockchain bridging protocol, has confirmed that it was recently exploited, losing over $81.5 million in several assets, including USDT, DAI, USDC, WBTC, and ETH. Orbit Chain is trying to communicate with the group responsible for the attack and has asked cryptocurrency...
Orbit Chain Hacker Swaps Stolen USDT for ETH, Rakes in $1.45 Million Profits
2.1.2024
Source: Pixabay The attackers behind the recent Orbit Chain exploit successfully converted their ill-gotten gains into Ethereum (ETH), amassing an additional $1.45 million in unrealized profits amidst a 4.7% surge in ETH prices over the past 24 hours. ???? After stealing ~$81.6M in various assets...