Shakeeb Ahmed, a 34-year-old senior security engineer, admitted that he exploited the Nirvana Finance protocol and another unnamed decentralized cryptocurrency exchange, the U.S. Attorney’s Office for the Southern District of New York announced Thursday. Ahmed agreed to forfeit $12.3 million he obtained from the two hacks. He will also pay a total of $5 million in restitution to the victims.“Five months ago, our office announced the first arrest related to a smart contract attack,” U.S. Attorney Damian Williams said in a statement. “The arrest is now the first conviction for such hacking.”2 exploits in 2022Ahmed was indicted on charges of…
Author: Crypto Flexs
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quick take Kinetic and Flare’s strategic partnership aims to increase DeFi liquidity through innovative lending and borrowing capabilities. Flare’s integration of decentralized price oracles with traditionally non-smart contract tokens promises to enhance the DeFi landscape. This collaboration represents a promising step towards a more accessible and sustainable decentralized finance ecosystem. Flare partners with Kinetic to bring lending to the Flare ecosystem In a strategic move to deepen liquidity and foster a stronger decentralized finance (DeFi) ecosystem, Kinetic, an algorithm-based non-custodial lending and borrowing platform backed by Rome Blockchain Labs (RBL), has announced a strategic partnership with blockchain Flare. data. The…
Update (December 14, 2:45 p.m. UTC): This article has been updated to clarify that Ledger has reportedly resolved the issue.The front ends of several decentralized applications (DApps) that use Ledger’s connectors were compromised on December 14, including Zapper, SushiSwap, Phantom, Balancer, and Revoke.cash. Nearly three hours after the security breach was discovered, Ledger reported the presence of a malicious version of: The file is replaced The retail version will be available at approximately 1:35 PM UTC.Ledger warns users to “always clear signature” transactions, adding that the address and information displayed on the Ledger screen are the only real information. “If…
Bitcoin (BTC) plunged 8% on December 11 to a four-month low of $40,150, wiping out all of the gains of the past seven days. This BTC price drop has triggered a market-wide re-evaluation and sparked debate about whether altcoins will likely lead the next significant rally in the cryptocurrency landscape.Market experts and analysts believe that the recent price slump is part of an ongoing price cycle and that a correction is inevitable after two months of bullish surge.Analyst Insights on Bitcoin’s Recent DownturnWill Clemente, cryptocurrency analyst and co-founder of Reflexivity Research, sees this volatility as a necessary step in the…
That was the version number heard around the world. ChatGPT’s first release on November 30, 2023 was based on GPT 3.5, a non-zero number that firmly established artificial intelligence’s skyward trajectory. That’s why it was named Emerge 2023 Project of the Year.ChatGPT changed everything.There is no doubt that ChatGPT is the most important project of the year. Even if other industries are included decryption The software releases have been pivotal for Emerge, which now tracks biohacking, longevity, quantum computing, space 2.0 and beyond.As we approach 2023, entire industries already appear to be built on ChatGPT, and sometimes at risk. Primarily…
The Shiba Inu (SHIB) community has been abuzz recently with news of significant whale activity. Large holders of SHIB tokens, known as whales, have amassed billions of tokens, sparking a surge in interest and speculation within the cryptocurrency market. In this article, we take a closer look at the details of this unprecedented whale migration, explore the potential reasons behind it, and analyze how it affects the price and market dynamics of Shiba Inu (SHIB). Understanding Shiba Inu (SHIB) Before looking at the whale activity surrounding Shiba Inus, it is essential to have a basic understanding of cryptocurrency itself. SHIB…
BingX, a prominent cryptocurrency trading platform, has officially added JITO (JTO) to its list of tradable assets. This move comes amid a notable surge in the value of JITO and a notable increase in the price of Solana. The introduction of JITO on BingX has had a noticeable impact on the Solana ecosystem. Solana’s native token, SOL, experienced an incredible surge in value, increasing 12.48%. This increase is particularly noteworthy because it occurred during a time when the value of Bitcoin (BTC) was declining. These trends highlight Solana’s resilience and strengthened position in the cryptocurrency market. Further highlighting the growing…
When the history books are written, and the documentaries are made on the formative days of NFTs, Jimmy McNelis, aka j1mmy.eth, will hold a special place in history as a creator, as a passionate advocate, and for having one of the greatest NFT collections of all time. An NFT OG who started his journey on Dec. 5, 2017, when he purchased his first CryptoKitty, the 45-year-old American is also the founder of Avastars, an early PFP project from February 2020 that set the scene for intellectual property (IP) rights being given to holders. That was popularized by Bored Ape Yacht…
This is an important question people have been asking since Bitcoin was created in 2009. Is it too late to invest in Bitcoin?Is it too late to buy Bitcoin?Before answering this question, let’s take a look at what Michael Saylor, CEO and co-founder of Microstrategy, has to say.Is it too late to buy Bitcoin?So what do you think about Michael Saylor’s opinion on whether it’s too late to buy Bitcoin?Some factors to consider:To determine whether it is too late to invest in Bitcoin, it is important to consider several factors before investing in Bitcoin.risk taking: Bitcoin is famous for its…
November 6th Bitfinex Alpha | Cryptocurrencies outperform traditional assets because the supply side is still scarce. Post time: 11:40h On Bitfinex Alpha Posted by Tammy So far this year, Bitcoin and Ethereum have shown remarkable resilience and growth, far outperforming traditional investments. Compared to gold, BTC and ETH have appreciated by 93% and 39% respectively. The performance correlation between BTC and Ether has also been noticeably tight throughout the year. However, during the uptrend, BTC has performed well due to its first-mover advantage as a crypto asset, its perceived ‘digital gold’ status, and widespread institutional adoption. Interestingly, while commodity prices…