Wall Street firms double down on crypto after SEC sues ... - cyptoranking.com

2024-05-02

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Upbit said any delays in reflecting deposits and withdrawals would depend on block processing status and that transactions would proceed sequentially as blocks are completed.Deribit quarterly bitcoin options to expire, but volatility impact should be minor Source: AdobeStock / PR Image FactoryIn a significant crypto heist, an unknown individual has reportedly lost access to a staggering $24 million worth of crypto from their Ethereum wallet.The incident, believed to be the result of a phishing scam, stands as one of the largest individual crypto thefts to date, crypto news outlet The Block reported on Thursday.The stolen assets included 4,851 Rocket Pool ETH (rETH), worth some $8.5 million, and 9,579 Lido Staked ETH (stETH), amounting to around $15.6 million based on current prices.The victim's digital wealth was drained from the Ethereum wallet in a swift manner, which shows just how targeted and professional crypto-focused phishing scammers have become.IT security firms such as Beosin and BlockSec have analyzed the incident and have pointed towards phishing tactics as the likely modus operandi.According to these experts, the victim appears to have fallen for a phishing scheme that led them to unwittingly authorize malicious transactions from an Ethereum wallet.Phishing scams common in cryptoPhishing attacks typically involve deceptive emails, texts or phone calls where victims are tricked into giving away sensitive information.These types of attacks are among the most common ways people lose funds to malicious actors in the crypto world.In this specific case, interaction by the victim with a malicious smart contract resulted in the unauthorized transfer of crypto to the attacker.Shortly after unwittingly giving the green light to transfer funds to the attacker, the stolen digital assets were moved to an address cryptically labeled "Fake_Phishing186943," as confirmed by data on the Ethereum blockchain explorer Etherscan.“There are reports that this address was used in a Phishing scam. Please exercise caution when interacting with it,” Etherscan writes about the specific address in a warning to users.Tornado Cash Co-Founder Roman Storm Maintains Innocence in Money Laundering Case – Here's the Latest Wall Street firms double down on crypto after SEC sues ...Lee also pointed out that AI has proven to excel at identifying flaws in medical studies—but introduces those same flaws when asked to compose its own reports. What we do want is to feed into those experiences, helping grow the existing scene by opening it up to many more players, brands and publishers. For teams and brands, Ultra Arena will nurture more esports fans and provide more ways to activate fans pre and post-event with the help of blockchain technology. This could be unlocking access to an exclusive in-game digital collectible through attending the event itself or sponsor-branded skin being airdropped to you for watching on Twitch. Extending fan engagement will ultimately add value for all key stakeholders and support the journey to sustainable profitability.

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In the long run, liquidity is the lifeblood of any market, and DeFi must embrace a profound tool like AI to grow healthier and more vibrant. Financial innovation that improves peoples’ lives is here today, so long as they feel confident using it.Introducing Ankr Liquid Staking, The Latest in DeFi Innovation Whale Transfer Worth $137 Million 8 Best Cryptocurrency Exchanges Ranked For 2023Pull your sats out of Minecraft now Curve Finance Vulnerability Exposes $100M+ Worth of Crypto; CRV Token Plummets

Ethereum transitioned from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) mechanism in an event christened “The Merge.” The transformation came as the network wanted to achieve more security, cut down on energy consumption by 99.95%, and execute new scaling solutions with a possible threshold of 100,000 transactions per second. With PoS, there are less entry barriers for miners considering the reduced energy demands. On the second day of the trial, the Department of Justice and SBF’s defense team provided their statements in front of the jury. While the DOJ continues to focus its arguments on SBF’s alleged role in misleading investors on the platform, the defense argued about Bankman-Fried being a young entrepreneur who made business decisions that “didn’t work out.”Read more to stay updated on the latest developments around the SBF–FTX court trials.Magazine: The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report Ponzi schemes Using virtual CurrenciessFRAX is partly the fruit of FRAX’s August partnership with FinresPBC, which connected FRAX with Kansas City-based Lead Bank to open a brokerage account and begin purchasing Treasury Bills. Read more: NFTs Explained: What Are Non-fungible Tokens and How Do They Work?

According to the prominent blockchain security tracker PeckShieldAlert, the scammers have already transferred the stolen funds from Base, a Layer-2 scaling solution, to Ethereum via Orbiter, a cross-chain bridge. After all the movements, the scammers have deposited some of the stolen funds to the Binance exchange to cash them out. However, not everyone shared WSB’s perspective. JD, a prominent crypto chart analyst, expressed skepticism about the manipulation claims, suggesting that the short-term correction was anticipated weeks ago. What Are Crypto Order Books And How Can They Be Used To Predict Price...This alteration led to the swift transfer of around 16 trillion $PEPE tokens from the compromised wallet to centralized exchanges (CEXs), resulting in a $100 million market capitalization drop. Official $PEPE sources remained silent, leaving investors and enthusiasts perplexed. Five days into voting, Lido’s grant proposal faces an uphill battle, with just 50.2% of votes cast in its favor and 41 proposals earning more yes votes — and therefore passing Lido in the funding tiebreaker.

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