A massive security breach occurred on an on-chain trading platform known as Thunder Terminal. The exploit resulted in unauthorized access to 114 of the more than 14,000 wallets connected to the network. The total loss amounted to 86.5 Ether and 439 Solana, equivalent to approximately $240,000. According to reports, the attack, which lasted just 9 minutes, occurred when a third-party service used by Thunder Terminal was hacked. The attack began via a suspicious withdrawal from a Thunder wallet during the period 12:11:47 UTC. The attackers were able to gain access to the MongoDB connection URL, which allowed them to perform…
Author: Crypto Flexs
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While expectations are rapidly growing for the launch of a spot Bitcoin exchange-traded fund (ETF) in the United States, many in the Bitcoin community are expressing concerns about whether such a fund will actually hold Bitcoin spot. there is.In response to these concerns, Bloomberg Intelligence ETF analyst James Seyffart has come forward to allay fears, assuring investors that the current pool of spot Bitcoin ETFs will hold actual spot BTC if approved.This confidence comes through many posts in the online Bitcoin community, raising skepticism about whether the impending ETF will maintain actual Bitcoin reserves. According to Eleanor Terrett of FOX…
The SEC sued Terraform Labs earlier this year after similar complaints were filed against other major players in the cryptocurrency industry. The lawsuit was filed just months after the infamous depegging of Terraform Labs’ algorithmic stablecoin UST, which plunged the cryptocurrency industry into a deep winter.
Bitcoin price again failed to break the $44,000 resistance zone. BTC is declining and is at risk of falling below the $41,500 level. Bitcoin is slowly falling from the $43,800 resistance zone. The price is trading below $43,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming with resistance near $42,550. If it stays below the $43,000 level, the pair may continue to fall. Bitcoin price has taken a hit. Bitcoin price made a new attempt to break above the $43,200 level. BTC broke above the…
Crypto investment firm DeFiance Capital, led by Arthur Cheong, has lost its head of portfolio growth, Yeou Jie Goh.Mr Koh resigned from Defiance last week and plans to join the blockchain project. Chromia CHR -2.24% As head of the Asia Pacific region next month, Goh told The Block. He has worked at DeFiance for over two years.CEO Chung confirmed Koh’s move to The Block “to pursue opportunities in terms of building projects of interest to him based on his experience working with our portfolio companies.”Chromia co-founder Or Perelman also confirmed Goh’s appointment, saying Goh’s “experience and industry insight” will help…
Dolomite says vARB is a “voting ARB” token that allows holders to participate in Arbitrum’s governance through voting. vARB cannot be borrowed or borrowed, but means users can vote using ARB collateral. DeFi protocol Dolomite has launched vARB, a “voting ARB” token that allows holders to participate in governance voting on the Arbitrum network. vARB is not a new token and is non-transferable and non-tradable. Unlike ARB, users cannot lend or borrow these tokens, the protocol said in a press release shared with CoinJournal. However, vARB allows holders to utilize ARB tokens deposited as collateral to access Arbitrum’s governance and…
A widely respected cryptocurrency analyst says Bitcoin (BTC)’s recent rally may be coming to an end. Cryptocurrency analyst Michael van de Poppe says His 679,000 followers on social media platform “Bitcoin will probably top the list and move in a range around ETF approvals. That range and recent week are signs of strength for the rest of the market to catch up. Ethereum is likely to rise above $3,000.” Source: Michaël van de Poppe/X As of this writing, the value of BTC is $42,455, down 3% over the past week. For Ethereum (ETH), the current value of the leading smart…
Tim Draper, a venture capitalist known for his bold long-term Bitcoin price predictions, reiterated his call for BTC to reach $250,000 in 2024. Draper cited increased mainstream adoption and accommodating government policies as key catalysts to push Bitcoin to $250,000. key point Tim Draper predicted Bitcoin would reach $250,000 in 2024, citing increased mainstream adoption like what happened in El Salvador. Draper believes that once Bitcoin reaches $250,000, it will continue to rise well beyond that price. Bitcoin price indicators such as Bollinger Bands and RSI indicate that a potential near-term price rise is imminent. The daily Bollinger Bands are…
Posted 1 minute ago In ~ CataX CTS Ltd., which operates Calgary-based cryptocurrency trading platform Catalyx, said Thursday that it has suspended trading and fund withdrawals from exchanges affected by a recent security breach.The suspension follows a trading halt order issued by the Alberta Securities Commission on December 21 against the company and its co-founder, Chairman Jae-Ho Lee.After a security breach resulted in the loss of some cryptocurrency assets for Catalyx customers, the company began investigating suspicions that its employees were involved in the incident.CataX did not disclose the exact amount of its losses and did not immediately respond to…
At press time, the total value locked (TVL) of Blast, a layer 2 project, stands at $1.14 billion. However, the number of new depositors is gradually decreasing. Blast’s airdrop is one of the most anticipated airdrops of 2024. Many users are depositing funds into Blast to qualify for the airdrop. Pacman Celebrates Explosive TVL Milestone Pacman, co-founder of Blast and non-fungible token (NFT) marketplace Blur, wrote: X (Twitter): “We are thrilled to end the year with this milestone. The power of Web3 is that a win for the protocol is a win for the entire community. However, we believe much…