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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. дальше »

2024-3-6 01:30


Mammoth $200M Bitcoin single-day inflow to exchanges mirrors key 2023 moments

Quick Take Yesterday, Oct. 11, exchanges noted an inflow of around 8,000 Bitcoins, equating to approximately $200 million, signaling a significant shift in crypto market dynamics. Most of these transactions ranged from $1M to $10M, suggesting that ‘whales’ or large-scale investors were likely active, particularly as Bitcoin’s price fell below $27,000. дальше »

2023-10-12 14:30


How Alameda Research lost nearly $200M to security breaches

Aditya Baradwaj, a former engineer at Alameda Research, has disclosed how lax security practices within the now-defunct company led to substantial losses nearing $200 million. Baradwaj revealed that Sam Bankman-Fried (SBF), the founder of both Alameda and FTX, prioritized rapid company expansion over crucial risk management protocols. дальше »

2023-10-12 11:30