Hack
Cryptocurrency Market Maker Wintermute Lost $160M in Hack
Cryptocurrency market maker Wintermute lost $160 million in a hack relating to its decentralized finance (DeFi) operation, but the company’s lending and OTC operations have not been affected. “The Hash” panel breaks down the details.
Americans Banned From Using Crypto-Mixing Service Tornado Cash
The U.S. Treasury Department banned all Americans from using decentralized crypto mixing service Tornado Cash on Monday. The department barred its use by U.S. persons as a matter of national security because North Korean hackers allegedly use the mixer to launder stolen crypto funds. “The Hash” panel discusses what this means for online privacy in the crypto space.
US Crypto Bill Pile Up; Philippines Binance Warning
Senate proposal suggests responsibility for Bitcoin and Ethereum should lie with the CTFC. Philippines’ SEC warns public not to invest with Binance. Solana blames Slope mobile wallet app for exploit. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
BTCS CEO: Ethereum Could be Crypto’s ‘Silver Lining’
Ether (ETH) is up over 40% in the past month, outperforming bitcoin (BTC) and other major cryptos. BTCS Inc. Chief Executive Officer Charles Allen discusses the potential factors behind the ETH rally and its impact on the overall markets. “I think Ethereum could definitely be a silver lining here,” Allen said.
Ledger Exec on Solana Wallet Hack, Potential Additional $100M Raise
Approximately 8,000 crypto wallets were hacked Tuesday with at least $5 million worth of Solana-based tokens drained from unsuspecting users. Ledger Enterprises Global Head Alex Zinder weighs in on the exploit and how Ledger protects its customers. “Security is really the precursor to mass adoption and scalability,” Zinder said.
Nomad’s US$200 Mln Hack; Saylor Steps Down
Over 300 perpetrators suspected in Nomad cross-chain bridge hack. BItcoin and Ethereum fall after stock market jitters over Pelosi visit. MicroStrategy CEO Michael Saylor moves to chairman role to focus on Bitcoin. Crypto tax service launches in India.
Magic Eden COO on Multimillion Dollar Solana-Based Crypto Wallet Hack: 'It's an Education Thing'
Over 8,000 “hot” Solana-based crypto wallets have been compromised in an ongoing exploit amassing at least $5 million. Zhuoxun Yin, COO and co-founder of NFT marketplace Magic Eden, discusses what this means for Magic Eden and NFT application builders. "This is sort of a longer-term education piece that will continue to be a strong narrative," Yin said.
Hackers Drain Nearly $200M From Cross-Chain Token Bridge Nomad
Nomad bridge suffered an attack on Monday as hackers drained the protocol of virtually all of its funds to a total of nearly $200 million. "The Hash" panel discusses the latest crypto hack, how investors should protect their digital assets and the potential risks of cross-chain bridge models.
