The cryptosphere has gotten bigger since Bitcoin’s inception in 2009. Many people who didn’t even know what a crypto asset is– now hold digital assets in their virtual wallets. Over 22,000 digital cur...
Tag: Drain
Algorand blasted over inaction on ongoing wallet drain hack
Ad ZachXBT blasted Algorand’s failure to “acknowledge” an ongoing wallet drain hack. The self-described “on-chain sleuth” said the Algrorand users had lost millions of dollars in the attack. Yet the p...
Economists say Moscow and Putin won’t drain war chest any time soon
Men wearing military uniform walk along Red Square in front of St. Basil’s Cathedral in central Moscow on February 13, 2023. Alexander Nemenov | Afp | Getty Images The coming months will be crit...
Global Liquidity Drain Is Coming for Markets, Citi’s King Says
(Bloomberg) — Risky assets may be in trouble now that one-off liquidity injections from global central banks that have been fueling a market rally in recent months have come to an end, according...
Fraudsters Drain $2.5M in Crypto Exit Scam: CertiK Report
Less than two weeks into the new year, malicious entities have already started doing what they do best. According to the latest update by the blockchain security company CertiK, two recently created c...
Hackers drain $8M in assets from Bitkeep wallets in latest DeFi exploit
While many are still enjoying the holiday season, hackers are hard at work, draining around $8 million in an ongoing BitKeep wallet exploit. On Dec. 26, some users of the multichain crypto wallet Bit...
Impersonators Use Privacy Token Midnight’s Fake Site to Drain Wallets
Gamza Khanzadaev Cardano’s new privacy token Midnight being used by impersonators to drain wallets Cardano development team member Tim Harrison has revealed a new scam case involving a new proje...
Why Preserving Honduras’ Rainforest Will Prevent A Brain Drain
TOPSHOT – Honduran migrants take part in a caravan towards the United States in Chiquimula, … [+] Guatemala on October 17, 2018. – A migrant caravan set out on October 13 from the im...
Developers of pNetwork bridge drain $4.3 million from PancakeSwap in ‘white hat’ attack
The developers of pNetwork, an independent cross-chain bridge protocol used to transfer assets across different chains, ethically took $4.3 million in pgala (pegged gala) tokens that it had issued to ...
SKYWARD Token Dumps 95% as Hackers Drain Protocol’s Treasury
SKYWARD, the native token of NEAR-based platform Skyward Finance, plunged by 95% after the protocol’s treasury lost $3 million in a smart contract exploit. The attack occurred in the late hours of Wed...
Hackers Drain $28 Million Worth of User Funds on Deribit
This year some of the leading cryptocurrency exchanges have been facing the menace of crypto hacks. In the latest development, crypto exchange Deribit has faced one such hack. The hackers have comprom...
Beeple Discord Server Exploited by Hackers Attempting to Drain Wallets
As one of the most prominent NFT artists around, Beeple has gathered quite a community around himself – and unscrupulous third parties have repeatedly attempted to get a piece of the pie themselves. A...
Profanity Exploit Continues as Hackers Drain Another 732 ETH From Crypto Wallet
A hacker managed to get away with 732 ETH worth around $950,000 from a crypto wallet. Interestingly, blockchain security firm PeckShield revealed that the theft was carried out via the same vanity add...
Crypto Market Maker Wintermute Hackers Drain $160M, Profanity Bug Suspected
UK-based crypto market maker Wintermute suffered a loss of approximately $160 million. In a series of tweets, the company’s founder and chief executive, Evgeny Gaevoy, revealed that the decentralized ...
Hackers drain $3.3M from Profanity wallets despite 1inch warning
Join Our Telegram channel to stay up to date on breaking news coverage 1inch Network, a decentralized exchange aggregator, had issued an alert about a vulnerability on Profanity, a generating tool for...
ShadowFi Exploit Assent The $300K Liquidity Drain
On September 3, 2022, ShadowFi noted the attack on its Twitter account. The attack caused exploitation that costs around $300,000. ShadowFi, a decentralized financial payment network, reported an atta...
Hackers drain nearly $200 million from crypto startup Nomad
Billions of dollars of value have been wiped off the cryptocurrency market in recent months. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and...
Bed Bath & Beyond’s liquidity ‘circles the drain,’ BofA warns
Bed Bath & Beyond could be swirling toward extinction as it confronts the problem of weakening liquidity with sales and profits under severe pressure, Bank of America (BofA) warned in a new note. ...
Steep Crypto Tax Causes Brain Drain From India To Dubai And Singapore
The crypto companies are relocating to Dubai and Singapore in search of a more favorable industry and supportive infrastructure. The Great Indian Crypto Brain Drain The crypto industry in India is su...
Ethereum Rival Tumbles As Hackers Drain About $100,000,000 From Its Crypto Bridge
One Ethereum (ETH) competitor is taking a massive hit after hackers drained approximately $100 million worth of crypto from its cross-chain bridge. The Harmony (ONE) team says the breach occurred on t...
Attackers drain $5 million from Osmosis; FireStake Validator admits to exploiting LP bug
? Want to work with us? CryptoSlate is hiring for a handful of positions! On June 7, someone posted a Reddit thread that was later deleted by the forum’s moderator. The thread contained a serious clai...
Beeple Twitter Exploits Sees Hackers Drain Over 200 ETH
Digital artist Mike Winkleman, better known as Beeple, has become the latest victim of a phishing attack after his Twitter account was hacked. Scammers shared a link to a website that purported to be ...
Bitcoin traders drain a couple of billion dollars worth of coins
Bitcoin traders have shocked the market this Friday. The Bitcoiners have drained more than a couple of billion dollars worth of BTC over the past 24 hours. It is noted that the coins have been drained...
Traders Drain $4.3 Billion Worth of Bitcoin from Exchanges
Arman Shirinyan Traders and investors choose alternative options for funds accumulation Contents Series of exchange outflows Investors losing trust A massive amount of Bitcoin is being actively remove...
Unfair Crypto Taxes Can Hit India With Biggest Brain Drain Ever
India has finally approved the 30% crypto tax proposed in the Union Budget 2022-23 by the Finance Minister. Implications also include 1% Tax Deducted at Source (TDS) on every crypto transaction. Exper...
India’s Crypto Industry Fears Proposed Tax Rules Will Increase ‘Brain Drain’
“For short-term investors who are into day trading, margin trading, arbitrage trading, the 1% TDS becomes infeasible. The majority of the population is still waiting on the fence, once we see the bill...
Crypto Brain Drain in India is Absolutely Crazy, Says Polygon Co-Founder
Sandeep Nailwal – CEO and Co-Founder of Polygon – sees massive chaos reigning in the Indian cryptocurrency market. In his view, this disorder causes thousands of developers, investors, and entrepreneu...
Cardano Feared to Plunge Hard, ADA Price Primed to Drain Nearly 50%
Ever since the beginning of Q4 2021, the entire crypto space is swinging within a fixed price range. Despite the asset undergoing multiple sell-offs, it strongly maintained above $1 to showcase its te...
Hackers Drain Over $80 Million From Qubit Finance
Binance Smart Chain-based lending protocol, Qubit Finance, has lost over $80 million worth of crypto assets to hackers, according to a discovery by blockchain security firm, Peckshield. “It seems the ...
These money and investing tips can keep you afloat if stocks circle the drain
Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS How the Dow’s start to the new year affects the stock market’s 2023 return Many r...