LiFi Protocol Cyber Attack: $8 Million Theft Sparks Security Concerns
TL;DR The LiFi protocol fell victim to a sophisticated cyber attack resulting in the theft of over $8 million. Exploiting “infinite approvals” configurations. Users have...
Tag : Blockchain
XRP Whales Increase Exchange Withdrawals Amid Price Surge
by Fernando
TL;DR XRP whales have made significant exchange withdrawals, indicating a possible bullish sentiment. A large transaction of 38,783,752 XRP was recorded from Binance to an...
Tether Freezes $29.62 Million USDT Linked to Criminal Activities in Cambodia
by Fernando
TL;DR Tether freezes 29.62 million USDT linked to Cambodia’s Huione Group. The freeze is related to money laundering and fraud activities. Huione continues to transact...
Morgan Creek Digital Launches $500 Million Fund
TL;DR Morgan Creek Digital has announced a new venture capital fund of up to $500 million to boost AI, blockchain, chips, and data analytics in...
Rage Trade to Launch $RAGE Token on Hyperliquid Blockchain
by Fernando
TL;DR Rage Trade will launch its token $RAGE on August 7 on the new Hyperliquid blockchain. 20 million tokens will be sold at a fixed...
Legal Victory: Do Kwon Wife Secures Property Rights in South Korean Court
TL;DR Following a judicial decision in South Korea, Do Kwon’s wife, founder of Terraform Labs, has achieved a significant legal victory by securing ownership of...
Lithuania Fines Payeer €9.3 Million for Sanctions Violations and Money Laundering,
TL;DR Lithuania has imposed a €9.3 million fine on Payeer for violating sanctions and money laundering laws. Payeer facilitated transactions in Russian rubles for clients...
Buterin Proposes Automated Defenses Against Attacks on Ethereum
by Fernando
TL;DR Vitalik Buterin proposes automated defenses against 51% attacks on Ethereum. Seeks to reduce reliance on social consensus in responses to attacks. He presented his...
Exodus Unveils Passkeys Wallet to Simplify Web3 Integration
TL;DR Exodus has launched Passkeys Wallet to easily integrate wallets into Web3 applications seamlessly. The wallet uses MPC to enhance security by distributing private key...
