How Investors Can Navigate Increasing Regulatory Pressure

Daniel Sharkey | February 23, 2023 | Leave a comment

Last year has been a year of negative criticism and scandalous topics that has made the virtual asset industry attract attention from many federal agencies worldwide. Events include the collapse of major exchanges like FTX, the inside exchange scandals...

Crypto Exchange Sponsors Ukraine Soccer Team

James Dodson | January 14, 2023 | Leave a comment

According to Forklog, a crypto news outlet, a European crypto exchange based in Ukraine, Whitebit, has announced a long-term collaboration with the Ukraine national football team. Following this deal, it will display its imprint during the team’s matches. The...

Crypto Lender Nexo Embattled as $158M Leaves the Platform

James Dodson | January 13, 2023 | Leave a comment

Nexo had customer liabilities of 133,263 BTC on Thursday before the holdings dipped to 124,939 BTC on Friday. The crypto lender recorded withdrawals worth more than $158 million after Bulgarian watchdogs raided the company’s offices. It remains unclear at...

What is a Flash Loan Attack and How to Avoid It?

Aaron Rodriguez | December 31, 2022 | Leave a comment

Introduction The permeation of DeFi has started to gain more traction with every passing second. TradeFi is plagued with issues on account of economic setbacks such as increasing interest rates, money supply, social restrictions, and approaching recession. Therefore, more...

BNB Chain Ends 2022 as Second Most Preferred Network for DeFi Projects

James Dodson | December 30, 2022 | Leave a comment

BNB Chain boasts the 2nd largest total value locked after ETH. 12% OF BNB Chain-house tokens are scam coins. The blockchain awaits a hardfork update in the coming year, planning to incorporate staking onto Beacon Chain. BNB Chain’s $4.05...

FTX Users File a Petition to Claim Frozen Assets

James Dodson | December 29, 2022 | Leave a comment

A collection of consumers are currently suing FTX to become the pioneers in recovering assets from the cryptocurrency exchange. The petition filed wants the courts to realize that the holdings with the exchange platform belong to the users and...

Binance CEO Says Abnormal Altcoin Trading on the Platform was Just Market Behavior

James Dodson | December 12, 2022 | Leave a comment

The world’s largest crypto exchange, Binance, issued a notice yesterday acknowledging reports that some altcoins traded abnormally on the platform. The centralized exchange reported that investigations were underway and it would take appropriate actions against suspicious accounts. Binance CEO...

Congressman Calls for Investigation Into SEC Chairman’s Role in FTX Fall

James Dodson | December 8, 2022 | Leave a comment

A Democratic congressman, Ritchie Torres, called upon the Government Accountability Office(GAO) to independently investigate the Security and Exchange Commission’s failure to prevent the downfall of FTX. In a letter sent on Wednesday, Torres asks GAO to review the SEC’S...

White Hat Hacker Returns Over 50% Off Stolen Funds

Kavon Hyatt | October 31, 2022 | Leave a comment

A SlowMist report has revealed that over $7 million has been returned from an attack on the DeFi platform, Team Finance, in late October. The hacker who stole $14.5 million from Team Finance began returning the stolen assets to...

A Phishing Assault Took More Than $1 Million In NFTs And Ether

Kavon Hyatt | October 27, 2022 | Leave a comment

A phishing fraudster stole 700 ETH tokens in the preceding twenty-four hours. The total value of the stolen asset is around $1.05 million. This was mentioned in a Twitter conversation by an on-chain investigator using the handle “ZachXBT.” 1/ Over...

Binance Reveals Major Cyber Attack

Kavon Hyatt | October 23, 2022 | Leave a comment

Earlier this month, the BNB chain claimed a substantial loss due to a computer incident. The statement was published publicly on the Binance cryptocurrency exchange’s blockchain. To What Extent Do We Know This? The biggest cryptocurrency exchange in the...

Metapolice: The Future of Virtual Law Enforcement

Kavon Hyatt | October 21, 2022 | Leave a comment

The international police organization INTERPOL has made some recent disclosures. During its 90th General Assembly in New Delhi, it made significant revelations. Interpol revealed the first Metaverse for police agencies throughout the world. The use of Interpol’s virtual reality...

Kyber Network Neutralizes Hack Attack, Indemnifies Victimized Wallets

Kavon Hyatt | September 7, 2022 | Leave a comment

Kyber Network, a decentralized bourse platform, suffered a hack from an unidentified source last week. The team at Kyber was able to eliminate the threat in two hours. The wallet that got hacked during the hit got reimbursed. Kyber...

AAVE: What 12% Upswing Might Mean to Traders Following Harmony’s $100M Hack

James Dodson | July 5, 2022 | Leave a comment

The second-largest decentralized finance protocol globally, AAVE, endured a massive blow within the past three months. The hit saw the lending Dapp’s total value locked, plunging to $5.03 billion from $14 billion. That wasn’t all. Also, AAVE suffered during...

Hackers Attack Cross-Chain DEX THORChain For The Third Time This Year

Kavon Hyatt | July 28, 2021 | Leave a comment

THORChain is a cross-chain DEX (decentralized exchange) that has now been the victim of a cyber-attack for a whopping 3rd time in 2021 and also the 2nd time in the last seven days. The DEX is unfortunately just the...

REvil Gang Demands $70M In BTC Ransom

Kavon Hyatt | July 10, 2021 | Leave a comment

Cyber attacks are on the rise, with many exchanges and protocols having already lost millions of dollars already. Many of the attacks have been conducted on protocols backed by BSC (Binance Smart Chain), with the more recent ones being...

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Digital Coin Digest

Hacks

How Investors Can Navigate Increasing Regulatory Pressure

Crypto Exchange Sponsors Ukraine Soccer Team

Crypto Lender Nexo Embattled as $158M Leaves the Platform

What is a Flash Loan Attack and How to Avoid It?

BNB Chain Ends 2022 as Second Most Preferred Network for DeFi Projects

FTX Users File a Petition to Claim Frozen Assets

Binance CEO Says Abnormal Altcoin Trading on the Platform was Just Market Behavior

Congressman Calls for Investigation Into SEC Chairman’s Role in FTX Fall

White Hat Hacker Returns Over 50% Off Stolen Funds

A Phishing Assault Took More Than $1 Million In NFTs And Ether

Binance Reveals Major Cyber Attack

Metapolice: The Future of Virtual Law Enforcement

Kyber Network Neutralizes Hack Attack, Indemnifies Victimized Wallets

AAVE: What 12% Upswing Might Mean to Traders Following Harmony’s $100M Hack

Hackers Attack Cross-Chain DEX THORChain For The Third Time This Year

REvil Gang Demands $70M In BTC Ransom

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