Shakeeb Ahmed, a former software engineer at Amazon, was sentenced to three years in prison for exploiting smart contracts. The 2022 breach resulted in the theft of over $12 million in various cryptocurrencies. This trial was the first ruling on a cyberattack against a smart contract. Ahmed admitted to manipulating the smart contract in December 2023. By inserting fraudulent price data into platform contracts, the engineers generated approximately $12 million in unrealized profits, which were later withdrawn in cryptocurrency. Prosecutors chose not to disclose one of the affected platforms, but evidence in the indictment suggests that platform was Crema Finance.…
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Configurations affected: every Go client version What could happen: very low Severity: High Details: A bug in Geth (and potentially other clients) can suffer from DoS attacks, allowing a remote attacker to provide a valid, lightweight chain, delaying the synchronization process almost indefinitely. More information, including reports submitted through the bug bounty program, will be provided at a later date. Impact on expected chain reorganization depth: doesn’t exist Suggested workaround: doesn’t exist Improvement measures taken by Ethereum: Hotfix provided as below: If you use Mist: Download the updated binaries from: release page If you’re using a PPA: sudo apt-get update…
Analysts say that the following China-linked tokens exist: VeChain veterinarian -10.75% And Neo has been acting as a proxy bet for Hong Kong’s bid to become Asia’s cryptocurrency hub.Amid speculation that Hong Kong regulators will soon approve spot Bitcoin and Ethereum exchange-traded funds (ETFs), both tokens posted double-digit weekly gains. VeChain is up more than 21% in the past week, while Neo is up more than 53%, according to The Block’s pricing page.“Especially in the retail and fast money industries, VeChain and Neo are seen as representative of Asian demand. Neo, for example, is colloquially known as the ‘Ethereum of…
More people around the world are interested in the Bitcoin halving this year compared to 2020. The appeal of Bitcoin (BTC) halving has nearly doubled since the previous four-year block reward cut, according to CoinWire research provided to crypto.news. The company analyzed global Google Trends data this year and found that BTC halving interest scores increased 51 to 100 days before the halving event compared to previous cycles. The first halving in November 2012 marked a zero on the trend chart. Because blockchain technology and cryptocurrencies are relatively new to the financial curiosity. In July 2016, the score rose to…
In an important development, HashKey Group, which operates one of the two licensed cryptocurrency exchanges in Hong Kong, has announced a collaboration with: open network (TON) is a blockchain operator created by Telegram Messenger. According to the South China Morning Post reportThe partnership aims to enable users in the Asia-Pacific region to exchange Toncoin for cash, creating an on- and off-ramp to cryptocurrencies. The agreement also includes joint exploration of new ecosystem projects, mentoring opportunities, networking and other incubation activities, as announced by the Open Network Foundation.. Compliance is a top priority for the TON Foundation The foundation was established…
Share this article OKX, a renowned web3 technology company, has become the new validator for Chiliz Chain, a pioneering layer 1 EVM-compatible blockchain dedicated to the sports and entertainment sector. Chiliz stated in a recent press release that the strategic partnership will strengthen the governance, security, and scalability of the Chiliz chain.Chiliz Chain operates based on the Delegated Proof of Stake (DPoSA) consensus mechanism, and validators play a key role in creating and verifying blocks. According to Chiliz, to become a Chiliz Chain validator, an individual or entity must meet certain requirements, including staking at least 10 million CHZ, the…
If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportBlackRock’s iShares Bitcoin Trust (IBIT) has seen tremendous success since its launch on January 11, having now attracted more than $15 billion in investments.The spot Bitcoin exchange-traded fund (ETF), which received approval from the Securities and Exchange Commission along with 10 other Bitcoin funds, has received more inflows than other similar products on the market, according to data from Farside Investors.And IBIT currently has $18.7 billion in assets under management,…
Posted 1 minute ago In ~ Former security engineer Shakeeb Ahmed was sentenced to three years in prison on Friday after prosecutors said he hacked two decentralized cryptocurrency exchanges and stole $12 million worth of cryptocurrency. The case involves the first conviction for smart contract hacking, said Damian Williams, U.S. attorney for the Southern District of New York. name On Friday. Ahmed previously plead They are suspected of hacking the exchange. “No matter how new and sophisticated the hack, our office and our law enforcement partners are committed to tracking the money and bringing hackers to justice,” Williams said. “And…
XRP is struggling at a higher level than any other cryptocurrency among the top 10 by market capitalization, and the bearish sentiment does not appear to be over yet. Ripple could unlock a huge amount of tokens from escrow, further threatening the price. Ripple unlocks 500 million XRP. In the early hours of Friday, on-chain whale tracking platform Whale Alert posted two transactions carrying notable numbers of XRP tokens. The first transaction unlocked 200 million tokens from the escrow wallet, worth $122.63 million at the time of transfer. The second transaction took place a few minutes later when a total…
join us telegram A channel to stay up to date on breaking news coverage The non-fungible token market is making a strong recovery after more than four weeks of decline. The nascent sector, which was hot two years ago, is expected to retest another market rally, perhaps before the end of the year, before crashing to the ground. In this article, we will take a look at the overall state of NFTs over the past seven days. NFT sales increase 46% this week The global non-fungible token market has seen an increase in trading volume, according to data compiled by…