On December 1st, 2023, a significant security incident struck the decentralized exchange (DEX) Clipper, drawing attention to vulnerabilities in the DeFi sector. The breach occurred at 4 am UTC and primarily targeted its liquidity pools on the Optimism and Base networks. This incident serves as a stark reminder of the ongoing challenges that decentralized platforms
Threat
The cryptocurrency landscape has been particularly volatile, but one constant remains: Bitcoin’s unpredictable ascent. Recently, the Bitcoin price has been consistently testing resistance levels that hover just above $95,000 as it strives to breach the formidable $100,000 mark—regarded as a psychological barrier in the crypto community. As of late, Bitcoin reached a promising peak of
Ethereum, one of the leading cryptocurrencies in the market, has recently experienced a notable increase in its price, surpassing the $3,500 mark for the first time since July 2024. This rise reflects a significant shift in market sentiment after a relatively sluggish period in early November of that year. However, as traders embrace this upward
November 2024 revealed a striking trend in the cryptocurrency sector, as hacks represented an astonishing 99.96% of all reported losses in the industry. This statistic, illuminated by a comprehensive report from Immunefi published in collaboration with CryptoPotato, indicates an increasingly alarming trend: the decentralized finance (DeFi) space is facing relentless attacks from hackers. Despite an
In the ever-evolving landscape of cryptocurrency, the emergence of meme coins has opened doors to both creativity and controversy. One platform making significant strides in this arena is Pump.fun, a Solana-based meme coin generator. However, the platform recently faced severe backlash due to its livestream feature, prompting it to halt this function indefinitely. This decision
In the ever-fluctuating world of cryptocurrency, Bitcoin remains a focal point for investors and analysts alike. Recent discussions highlight a looming threat of a significant price drop if the cryptocurrency fails to maintain crucial resistance levels. As speculation swirls around Bitcoin’s price trajectory, industry experts caution that a decline to the $89,000 mark is not
In a landmark decision, the US District Court for the Northern District of Texas has invalidated a controversial rule proposed by the Securities and Exchange Commission (SEC), deeming it as exceeding statutory authority. The ruling, delivered on November 21, stands as a crucial moment for the burgeoning digital asset sector, which has long wrestled with
In November 2019, South Korea’s Upbit cryptocurrency exchange endured a monumental cybercrime, marking one of the largest heists in the digital currency space. Investigators have since linked the operation to North Korean hacking groups, specifically Lazarus and Andariel, known for their sophisticated and brazen cyber attacks. Understanding the intricacies of this heist not only illustrates
In the rapidly evolving realm of cryptocurrencies, the Shiba Inu project has captivated a vast and enthusiastic community. However, with this growing interest comes an alarming rise in scams that exploit the very community these investors are part of. As the Shiba Inu ecosystem gains traction, it becomes a target for fraudulent entities seeking to
In a significant breakthrough, South Korean authorities have successfully traced and recovered 4.8 Bitcoin (BTC) associated with the notorious 2019 hack of the Upbit cryptocurrency exchange. Local news reports, particularly from Yonhap News, have highlighted this milestone as a substantial achievement against the backdrop of pervasive cybercrime. The incident, believed to have been orchestrated by