Defi Protocol Sonne Finance Reports Major Security Breach, $20 Million Lost to Hackers
Sonne Finance, a decentralized liquidity market protocol, was hit by a cyberattack, with initial losses…
Day: 15 May 2024
Solana-based Cypher developer confesses to gambling away $300K of user funds
The insider’s exploit went unnoticed for months, despite over 36 individual transactions.
$20M exploit cripples Sonne Finance, hacker in no mood for negotiation
Sonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and…
More than one million new tokens have been launched since April
Nearly half of the one million new tokens launched since April 1 have been memecoins…
Moonpay Donates $1 Million to Stand With Crypto
Moonpay, one of the largest cryptocurrency onramp and offramp providers, has donated $1 million to…
Openai Co-Founder Ilya Sutskever Steps Down, Jakub Pachocki Named New Chief Scientist
Ilya Sutskever, a co-founder and the chief scientist at Openai, announced his departure from the…
Industry Experts Foresee Massive Growth for Crypto Market, Predictions up to $100 Trillion
Raoul Pal, a well-known financial sector figure, predicts a significant expansion of the cryptocurrency market,…
Metaplanet Unveils ‘Bitcoin-First’ Strategy to Face Japan’s Economic Weakness
Metaplanet, a Tokyo-listed public company, has unveiled a “bitcoin first” strategy to combat the Japanese…
How AI could ruin gaming, The Voice, addictive Axies game: Web3 Gamer
AI could help small gaming firms, but it might also unleash a wave of crap….
Degens pumped GameStop memecoins because they’re ‘bored’ — Traders
Crypto investors have flocked to unofficial GameStop memecoins because they’re jumping on any “sign of…
Layer-3 network Degen Chain hasn’t produced a block in 53 hours
Degen Chain says it’s working to resolve an issue that has seen its network stop…
Cypher core contributor admits to stealing $260K and gambling it away
The contributor, “hoak,” said their actions were due to a “crippling gambling addiction” and “psychological…
Alex bridge on BNB Smart Chain drained of $4.3M after suspicious upgrade — CertiK
The deployer account changed an Alex contract’s implementation address, and multiple tokens were subsequently drained…
Israeli fintech Kima, Mastercard lab look to develop ‘DeFi credit card’
Kima is seeking to bridge traditional and Web3 finance and make the user experience more…
Regulators are cracking down on financial privacy, but ZK-proofs can help
The convergence of ZK-proofs and decentralized identity systems could create more compliant privacy-preserving protocols, without…