Nigerian authorities arrested Amb. Nigerian politician Wilfred Bonse has been charged with theft and money laundering in connection with the breach suffered by cryptocurrency trading company Patricia Technologies Ltd. According to the Public Relations Officer of the Nigeria Police Force (NPF), ACP Olumuyiwa Adejobi, Patricia’s arrest followed a police investigation into the hacking incident. like decided According to Adejobi, Bonse allegedly helped launder 50 million naira ($62,368) of the 607 million naira ($757,151) fraudulently diverted from the platform to his account through a cryptocurrency wallet. Before his arrest, Bonse was vying for the governorship of Nigeria’s southern region. While the…
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Indexed Finance, the Ethereum-based project that was hacked for $16 million in 2021, has fended off two hijacking attempts and is returning control of its DAO to its founders, who plan to redistribute the treasury to victims of the 2021 hack. in line Laurence Day, a former core contributor at Each attacker purchased large quantities of the protocol’s NDX tokens and attempted to steal those tokens. Approximately 1.2 million won The value of digital assets that DAOs still control through malicious proposals. The first proposal, without title or description in an apparent attempt to evade detection, is as follows: be…
reporter Posted on: November 25, 2023 The burn rate of ETH has increased in the past month. This is due to a surge in activity on blockchain networks. Ethereum (ETH), a leading layer 1 (L1) network, has seen a notable surge in its burn rate over the past month as network activity gains momentum. The increase in burn rate (a measure of ETH tokens permanently removed from circulation) suggests increased demand and utilization of the Ethereum network. As more users transact and participate using decentralized applications (dApps) on L1, the burn rate increases, contributing to Ether’s deflationary supply dynamics. According…
According to a press release sent to Bitcoin Magazine, Serbia’s capital city of Belgrade welcomes the launch of HUB21, a pioneering non-profit association dedicated to fostering education, research, and creating networking avenues within the global Bitcoin design and development ecosystem. The launch of the association aims to bridge the gap in understanding and participation of Bitcoin within Serbia’s fast-growing IT environment.Belgrade, known for its cultural vitality and historical innovation, is ready to attract foreign experts, investors and creative minds to HUB21. Serbia boasts an abundance of IT talent and has attracted international companies, but the absence of Bitcoin projects is…
Dan Tapiero, CEO of growth equity fund 1RoundTable Partners, expects Bitcoin (BTC) to surpass $100,000. The analyst added that this is a conservative estimate and suggests the flagship cryptocurrency is likely to see much bigger gains in the next five years. Known for his macro insight and money management skills, Tapiero recently shared a cautious yet optimistic outlook on Bitcoin’s future value. A jump to $100,000 would give you an incredible 160% profit from current levels. “When we first started looking at this in detail in 2019, the target was always $250,000 to $350,000 in Bitcoin,” says Tapiero. According to…
Key Takeaways Litecoin is one of the best performers among the top 20 cryptocurrencies by market capitalization over the past seven days. Chancer’s Phase 2 presales are approaching $2 million as more investors join the project. Cryptocurrency markets have performed well over the past few days. LTC, the native coin of the Litecoin blockchain, is one of the best performers, increasing its value by more than 10% over the past seven days. Chancer’s presales continue to go from strength to strength, with nearly $2 million raised in its second presale. Litecoin is eyeing the $70 level Bulls have been dominating…
On November 22, 2023, Huobi HTX, previously known as Huobi Global, experienced a serious security breach. The attack caused significant losses, initially estimated at $13.6 million, but later valued at approximately $30 million. This incident is yet another in a series of cybersecurity issues facing businesses. cryptocurrency exchange and related platforms. Following the attack, Huobi HTX issued a statement reassuring users about the security of their funds. The exchange pledged to fully compensate for losses incurred due to the attack and emphasized its commitment to the safety of user funds. Despite the significant losses, HTX said the incident had minimal…
Binance encouraged eligible users to convert their BUSD assets to other stablecoins before February 2024. The exchange added that Binance-Peg BUSD token withdrawals via the BNB Chain, Avalanche, Polygon, and Tron networks will be suspended in September. Deposits on these networks, including Ethereum, will continue until further notice. Following the SEC crackdown, the company previously exchanged $1 billion worth of BUSD for USDT and TUSD in its SAFU fund. Users with BUSD balances on Binance are advised to convert their holdings to another supported stablecoin or asset before February 2024. The August 31 announcement noted the gradual closure of BUSD-related…
RocketX’s APIs are equipped with robust anti-money laundering (AML) protocols to ensure multi-chain asset exchanges occur in a compliant manner. RocketX has released the beta phase of its developer application programming interface (API) that simplifies the deployment of multichain decentralized applications (dApps) on any blockchain. According to a press release shared with Coinspeaker, the API integrates advanced search and routing algorithms to enable self-managed asset exchange both on-chain and between other chains. Leverage a liquidity pool of over $100 billion across 450+ centralized and decentralized exchanges. simple line of code Currently in beta, the API allows developers to easily integrate…
prime protocol Users can deposit an asset on a supported chain and take out another asset loan backed by the entire asset portfolio. The scope of this audit was the wormhole path used to pass messages in the protocol. Prime has partnered with Ackee Blockchain to conduct a security review of the Wormhole route in the Prime protocol with a total donation of time. Engineering 5 days in the period between January 9th and January 13, 2023. methodology We began our review using a static analysis tool called Woke. We then analyzed the contract logic in depth and used the…