Whitehat hackers have returned around $9 million of the stolen $190 million from Nomad Bridge, Peckshield revealed. #PeckShieldAlert PeckShield has detected ～$9m has returned into @nomadxyz_ Funds Recovery Address, including 100 $ETH (~$164k) from address with ENS name bitliq.eth, ~3.78m $USDC, ~2m $USDT, ~15.8m $CQT (~$1.38m), ~1.2m $FRAX (~$1.2m), 200 $WETH (~328k), ~150k $DAI and…
Over 8000 Solana (SOL) wallets were drained of around $580 million by an exploit that started in the late hours of August 2. So far more than 8000 wallets and ~$580M were stolen by the following 4 addresses. Htp9MGP8Tig923ZFY7Qf2zzbMUmYneFRAhSp7vSg4wxVCEzN7mqP9xoxn2HdyW6fjEJ73t7qaX9Rp2zyS6hb3iEu5WwBYgQG6BdErM2nNNyUmQXfcUnB68b6kesxBywh1J3nGeEccGJ9BEzVbVor1njkBCCiqXJbXVeDHaXDCrBDbmuy pic.twitter.com/N7wJlCOi8p — MistTrack🕵️ (@MistTrack_io) August 3, 2022 However, Peckshield noted that the total loss is estimated…
Nomad token bridge suffered an exploit on August 1 that allowed several people to drain the bridge of $190.7 million. The first sign of trouble began at about 9:23 pm UTC after a hacker exploited the bridge to withdraw 100 WBTCs worth $2.3 million. Several others copied the code of the first suspicious transaction and…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Solana-based DeFi protocol Solend has initiated a new proposal to limit the borrowing on the platform to $50 million per account; this is its third proposal in the last few days as it grapples with liquidity issues. The protocol is looking…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Tron has become the third-largest network by total value locked (TVL) in DeFi protocols a month after launching its algorithmic stablecoin, USSD. The Justin Sun-led protocol saw its TVL rise to over $6 billion within the last 30 days, placing it…
Yield app Stablegains faces allegations of misusing clients’ money — and possibly a lawsuit — after losing more than $42 million, which it had invested in UST via Anchor protocol without informing clients. According to allegations posted on social media, the company promised clients a 15% gain on their USDC and fiat USD deposits. However,…
Scream, a decentralized lending protocol on the Fantom network, incurred a $35 million debt after failing to adjust the prices of two stablecoins that lost their peg on its platform. The DeFi protocol had hardcoded the value of these affected stablecoins, Fantom USD (fUSD) and DEI, to $1, meaning their decline did not reflect on…
Circle Internet Financial Limited has said it is looking to apply for a U.S. bank charter soon, according to a Bloomberg News report. The crypto payments company — the issuer of the USDC stablecoin — first talked about a bank charter in 2021 but has yet to file an application with the Office of the…
Peer-to-peer payments processor Circle Internet Financial today announced that it has chosen the Bank of New York Mellon Corporation, also known as BNY Mellon, to become a primary custodian for its USD Coin (USDC) reserves. In the press release, Circle CEO and co-founder Jeremy Allaire noted: “As we continue to see exponential growth in USDC,…
Few product announcements have stirred such activities among governments around the world as the then Facebook’s, now Meta’s, announcement of the then Libra, now the dead Diem, announcement. The prospects of having a private company with billions of users issue money was just too much for legislators. All of the sudden, everyone was planning a…