Bitcoin and Ethereum Whales Are Dumping Coins at A Loss, Will Support Level Hold?

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DeFi protocol UniLend Finance exploited for $197,000

Decentralized finance protocol UniLend Finance has reportedly been exploited on Ethereum, leading to a loss of roughly $197,000 worth of assets. On Jan. 12, real-time web3 security startup TenArmorAlert reported that an attacker exploited UniLend’s “redeem process” by manipulating a…

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UAE’s M2 crypto exchange hacked for $13.7M, assures full fund recovery

M2, a UAE-based crypto exchange, experienced a significant security breach that resulted in the loss of $13. 7 million in digital assets. In a Nov. 1 statement, the exchange disclosed that the incident occurred on Oct.

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Fenbushi Capital sells $5.14m in crypto assets at a loss

Fenbushi Capital, Asia’s first blockchain-focused venture capital investment firm, has incurred losses after selling several cryptocurrencies. On Oct. 1, Lookonchain shared on-chain details showing that Fenbushi Capital had recently faced losses of up to 90% in some coins. The platform…

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Binance Denies Ownership Of WazirX Amidst $230M Security Breach Controversy

The ongoing dispute between Binance and WazirX has taken a dramatic turn following a major security breach at WazirX in mid-2024, leading to the loss of approximately $230 million in crypto assets, almost half of the platform’s reserves.

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WazirX seeking partnerships to recover from $230 million hack

India-based centralized exchange WazirX seeking partnerships to restore full operations following a significant exploit that resulted in the loss of nearly half its assets. The exchange’s co-founder, Nischal Shetty, shared the development in a social media post on July 23 and notified users that it is working on a solution to help restart its services.

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How a Blur Phishing Scam Cost One Investor $240,000 in NFTs

Discover the shocking Blur phishing scam that resulted in a substantial loss of NFTs: find out how to safeguard your digital assets from similar attacks. The post How a Blur Phishing Scam Cost One Investor $240,000 in NFTs appeared first on NFT News Today.

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Multichain ordered to compensate Fantom Foundation $2.18M

The High Court of Singapore has ordered that the Multichain Foundation, a prominent cross-chain router protocol, compensate the Fantom Foundation, a leading layer-1 platform, with $2.18 million. This ruling follows a devastating Multichain hack in July 2023 that resulted in the loss of over $210 million in assets across various chains. The Multichain hack impacted […]

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MakerDAO delegate’s $11M in tokens stolen in phishing scam

The user fell victim to the phishing scam after signing multiple phishing signatures, which resulted in the loss of their digital assets.

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Kraken faces extortion after $3 million crypto bug exploit

Cryptocurrency exchange Kraken recently revealed that a security vulnerability led to the loss of $3 million worth of digital assets. This incident involved a self-proclaimed security researcher who identified a critical bug, subsequently exploited by related accounts to siphon funds.

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Crypto Exchange FixedFloat Suffers Second Security Breach With $2.80 Million Lost

FixedFloat suffered another hack, resulting in a $2.8 million loss. Despite this, the crypto exchange reassures users that their assets are secure, thanks to its non-custodial nature. The post Crypto Exchange FixedFloat Suffers Second Security Breach With $2.80 Million Lost appeared first on BeInCrypto.

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What is Shamir backup? A shield against theft and loss

The official blog for Trezor, the world’s first hardware wallet. All you need to keep your digital assets safe. - Medium

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Fantom Launches Recovery Plan For Funds Lost In Multichain’s $200M Exploit, FTM Soars

The Fantom (FTM) Foundation has taken decisive steps to recover assets lost in the Multichain exploit that devastated various chains, including its own, resulting in a staggering $210 million loss. After failed attempts to engage with the Multichain Foundation, the Protocol has announced that it filed a lawsuit for “breach of contract” and “fraudulent misrepresentations.

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Binance user loses $70k in hack, support says email provider to blame

A crypto trader known as “DoomXBT” has detailed an alarming security breach on their Binance account, leading to a significant loss in digital assets. DoomXBT experienced a loss of $70,000 in digital assets after noticing unauthorized activity on their account.…

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Oryen Network Hold-To-Earn Culture Attracts Polygon And Solana Adherents

DeFi and crypto assets have allowed market participants to become global entrepreneurs and access yield-generating strategies typically only available to hyper-capitalized players in TradFi. Staking remains one of the best passive income plays because it only involves a single asset and possesses no risk of impermanent loss.

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CryptoSlate Wrapped Daily: Binance to set up blockchain team for Twitter after $500M investment; Terra collapse sparked BTC supply growth

The biggest news in the cryptoverse for October 28 includes Binance making a $500 million contribution to Elon Musk’s Twitter deal, Ethereum outperforming other Layer-1 networks, deBridge introducing a new standard for cross-chain transfers, and Wisdom Tree recording a loss of about 36% in crypto assets in the third quarter.

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Wisdom Tree takes 36% loss in crypto assets in Q3

Investment management firm Wisdom Tree reported a 36% decline in its crypto holdings, which slid to $178 million at the end of the third quarter. The post Wisdom Tree takes 36% loss in crypto assets in Q3 appeared first on CryptoSlate.

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Zircon Finance launches mainnet to mitigate impermanent loss on Moonriver

Impermanent loss relates to a condition wherein investors end up losing assets they had previously dedicated to providing liquidity to a liquidity pool.

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CleanSpark Raises Year-End Hashrate Guidance, Sets 2023 Outlook

The miner noted a $29.3 million loss for the fiscal quarter, driven by the reclassification of its energy assets.

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Coinbase reports $1.10B loss in Q2 as assets on exchange slump

Coinbase Global’s second-quarter results show that the crypto exchange recorded a net loss of $1.10 billion during the period. The post Coinbase reports $1.10B loss in Q2 as assets on exchange slump appeared first on CryptoSlate.

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Reduce Your Crypto Tax Bill With Koinly’s Tax-Loss Harvesting Guide

Tax-loss harvesting allows you to claim capital losses by recognising and selling your assets at a loss. These capital losses may also be carried forward against...

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Crypto Exchange Gemini Sued By Pensioners Over The Loss Of $36M In Crypto Assets

Gemini is staring at a grueling court case after a leading pensioners’ fintech startup, IRA Financial Trust filed a lawsuit against the crypto exchange seeking compensation over the loss of $36 million in crypto assets earlier this year.

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How Crypto Investors Can Insure Against the Loss of Recovery Seed Phrases

The storage of crypto assets is a big challenge for most people, including veterans who have been in the game for several years. As it stands, a majority of crypto holders have stored their assets with centralized custodians such as exchanges and yield generation platforms.

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Hashed Wallet Takes $3.5B Hit, Delphi Digital Discloses Loss After Terra's LUNA Collapse

Delphi says Terra-affiliated tokens accounted for 13% of its assets under management at their peak, while Hashed appears to have lost over $3.5 billion.

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Microstrategy In Red: Paper Loss Amounts To $330 Million

As a result of the recent cryptocurrency market fall, Michael Saylor’s company, MicroStrategy, now has an unrealized loss on its bitcoin assets. With approximately 130,000 BTC, the company is the largest corporate owner of the principal digital asset.

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Altcoin Aversion: Why Bitcoin And Stablecoin Dominance Is On The Rise

Bitcoin and the crypto market are back in the red. The first crypto by market cap records a 2% loss in the last 24-hours and could push other digital assets into critical support zones. Related Reading | Bitcoin Indicator Hits Historical Low Not Seen Since 2015 At the time of writing, Bitcoin is one of the best-performing assets in this ranking only surpassed by Binance Coin (BNB) and Ethereum (ETH), according to data from Coingecko.

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Solana [SOL] suffered a loss in volume, should Binance be blamed

Solana, is an emerging Layer 1 blockchain designed to facilitate smart contracts and the creation of new decentralized applications (DApps). When looking at the top 10 'fastest developing assets' by aThe post Solana [SOL] suffered a loss in volume, should Binance be blamed appeared first on AMBCrypto.

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WisdomTree's Q1 Crypto Assets Managed Increases by 23% to $324M

Asset manager WisdomTree recorded a net loss of $10.3 million for the quarter ending March 31, compared to profit of $15.1 million for the year-earlier period.

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Stablecoin Supply Going Strong As Crypto Markets Recuperate

The long-time held belief that stablecoins help traders and investors avoid crypto value loss due to volatility may be playing out. Many more people have continued to hold their crypto assets in stablecoins to prevent possible losses.

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Indexed Finance Suffers $16M Loss in Latest DeFi Exploit

DeFi protocol Indexed Finance has reported that it's become the latest victim of an exploit that resulted in a substantial loss of assets. The post Indexed Finance Suffers $16M Loss in Latest DeFi Exploit appeared first on BeInCrypto.

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Last Chance For Bitcoin Holders To Take Advantage Of Crypto Tax Loophole Before 2022

Bitcoin holders have until the end of 2021 to reduce their tax obligations by selling assets at a loss and buying them back. The Ways and Means Committee is deliberating on closing this loophole and it could have grave financial repercussions for cryptocurrency traders.

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Crypto.Com Expands Total Insurance Coverage To $750 Million For Its Storage Assets On Ledger Vault

Hong Kong-based crypto exchange Crypto.com announced on Monday that it had scaled up its total Insurance coverage against the loss of its crypto assets held on the Ledger Vault to $750 Million. In an official communication seen by ZycCypto, this expansion is in addition to a similar insurance coverage led by Arch’s underwriting at Lloyd’s Syndicate […]

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Myriad Proof-of-Work Blockchains See Significant Hashrate Losses

While there’s been a lot of concentration on bitcoin mining crackdowns in China and Bitcoin’s recent hashrate loss on Monday, many other digital assets have seen hashrates drop significantly as well.

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Bitfinex, Tether Found To Misrepresent USDT Backing And Obscure User Fund Losses

The NYAG found that Tether and Bitfinex misrepresented the assets backing USDT and obscured the loss of $850 million in user funds. The post Bitfinex, Tether Found To Misrepresent USDT Backing And Obscure User Fund Losses appeared first on Bitcoin Magazine.

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Crypto Assets Are The ‘Poorest Hedge,’ BTC Remains an Investment Vehicle: JPMorgan

The bank strategists see crypto investing best to protect against the loss of faith in a country's fiat currency or payment system. The post Crypto Assets Are The ‘Poorest Hedge,’ BTC Remains an Investment Vehicle: JPMorgan first appeared on BitcoinExchangeGuide.

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EXMO now says it lost 6% of total assets in recent breach

Cryptocurrency exchange EXMO has upgraded its loss to 6% of total assets following Monday’s… The post EXMO now says it lost 6% of total assets in recent breach appeared first on Coin Journal.

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Lawyers Hire Kroll & Coinfirm to Run Blockchain Transaction Analytics for QuadrigaCX

Miller Thomson, the Canadian law firm appointed to represent clients of the failed QuadrigaCX exchange, has hired consultancy services from Kroll to advance forensic investigations into the roughly $200 million loss in assets.

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DeFi goes boom as top tokens crash by 50% in one week

The recent crypto market crash has wreaked havoc on DeFi tokens, with with 95% of DeFi assets posting a seven-day loss

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U.S Dollar's loss may see Bitcoin overtake Gold in the long run

When trading, many of the market's traders have often observed a low correlation between Bitcoin and other global financial assets. That is interesting, but not unexpected since as a prospective storeThe post U.

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0 Security Breach. 0 Token Loss.

BigONE is a global cryptocurrency trading and custody platform founded in 2017, clad in four principles – Integrity, Security, Professionalism, and Win-Win. The exchange has developed comprehensive digital assets trading services.

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CipherTrace: cryptocurrency lost in crimes in 2019 exceeds $4.5 billion

Cryptocurrency crime led to a loss of $4.52 billion in 2019. The volume of lost digital assets doubled in a year.

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Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring

A year of reorganization has left its mark on Germany’s leading financial institution. Deutsche Bank revealed this week it suffered significant losses in the last quarter and all of 2019. The banking giant claims that the damage is “entirely driven by transformation-related effects” such as compensation for sacked employees and devalued assets.

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Goldbug Peter Schiff Calls For Bitcoin To Close 2019 at A Loss

At the start of 2019, both Bitcoin and gold began to rally alongside one another, fueling the Bitcoin as a safe haven asset narrative that permeated the finance industry during the run-up of the two assets.

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Area 51 Aliens Had Nothing to Do with Anheuser-Busch’s Planned Asset Sales

Anheuser-Busch InBev appears to be considering a sale of some of its assets following its decision to call off the IPO of its Asian business. The decision comes on the heels of scraping its Asia IPO.

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Dow Heads for 3rd Straight Loss Ahead of Messy Trump-Powell Clash

The Dow underperformed the broader U. S. stock market on Tuesday, as demand for riskier assets waned ahead of key congressional hearings involving Federal Reserve Chairman Jerome Powell. Beginning Wednesday, the embattled central-bank chief will likely be pressed on monetary policy, Donald Trump, and the Federal Reserve's independence.

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Synthetix Asset Issuance Platform Lose 37 Million sETH to Hackers

Synthetix, an Ethereum-powered synthetic asset issuance platform that claims to provide on-chain exposure to real-world assets like currencies, commodities, stocks and more, has suffered a massive oracle attack that has resulted in a loss of 37 million synthetic ether (sETH) tokens, according to The Block on June 24, 2019.

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Fireblocks Announces “Hot Vault” and $16 Million Funding from Fidelity-backed Firms

Combining security, convenience, and seamless user experience has been one of the major dilemmas in the digital assets space. Since Bitcoin’s inception, a little more than ten years ago, startups all over the world have set out to solve this problem.

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Avoiding a dead loss - the importance of crypto estate planning

What happens to an individual’s crypto assets when they die? The unique complexities involved in storing, safeguarding and accessing crypto assets mean it is important for crypto investors to plan for every eventuality, including their unexpected death.

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Tether Partly Backed by Bitcoin, Court Transcription Reveals

Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.

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