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Hedgey Finance Suffers Dual Exploits, Losing $44.7 Million in Funds


Hedgey Finance exploits have rocked the DeFi platform, resulting in a $44.7 million loss. Hackers targeted the Token Claim Contract across Ethereum and Arbitrum networks, utilizing flash loans to drain funds. Explore the aftermath, ongoing investigations, and the platform's response to these...

Crypto Theft Plummets by 48% in March — Are Crypto Assets Getting Safer?


Crypto theft plummeted by 48% in March, with malicious actors stealing $79M from DeFi projects, down from $160M in February. Flash loan attacks, phishing scams, and targeted exploits contributed to the losses. The post Crypto Theft Plummets by 48% in March — Are Crypto Assets Getting Safer?...

Flash Crash on Bitmex Sends Bitcoin Tumbling to $8,900


Bitcoin’s price on Bitmex plummeted to $8,900 in a flash crash late Monday, diverging significantly from the global average price of around $67,400, due to large sell orders on the XBT/USDT pair. Bitmex is investigating the incident, which involved over 850 BTC being sold, causing...

Okx Exchange Announces Plans to Compensate Users After OKB Token Flash Crash


Following a sudden plunge in the value of its native token OKB, which fell over 50% in a matter of minutes, Okx exchange has committed to developing a compensation plan for users caught in the resultant wave of automatic liquidations. Okx Exchange to Roll Out Compensation After Unexpected OKB Token...

OKB Flash Crash Wipes Out $6.5B In Minutes, OKX Vows to Reimburse Traders


The OKB flash crash on the OKX exchange wiped out billions in market value within minutes before a swift rebound. Image by Dennis, Adobe Stock. In a major crash that shocked traders, the OKB price dropped over 50% within 15 minutes on January 23, wiping out $6.5 billion in diluted market...

Bitcoin’s Flash Crash Sends Shockwaves Through Gaming Token Market


Source: Adobe/nuclear_lily Bitcoin’s recent flash crash has sent shockwaves across the cryptocurrency market, impacting various gaming-related tokens.  On Wednesday, Bitcoin (BTC), the largest cryptocurrency by market capitalization, experienced a rapid decline of approximately 7%, prompting...

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