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25 Apr 23

Gibraltar court freezes Globix assets, searching for lost funds

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Incoming reports indicate that liquidators from Globix trading networks just got a court order freezing assets, allowing them to acquire info from crypto exchanges. Globix, a cryptocurrency trading network, just recently went into liquidation. The court appointed Joanne Wild, Adrian Hyde, […]

Spheroid to Launch4

18 Apr 23

SafeMoon hacker to return 80% of stolen funds

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A hacker who exploited a bug in SafeMoon’s smart contract and drained $8.9 million from its liquidity pool has agreed to return 80% of the stolen funds. On April 18, a SafeMoon community member going by the Twitter moniker @SafeMoonSpidey posted […]

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13 Apr 23

Hacked DeFi platform, Euler Finance releases funds redemption details

Ethereum (ETH)-based decentralized finance (DeFi) protocol, Euler Finance has released the token redemption plan for users affected by the flashloan attack it suffered last month. Euler Finance users to get reimbursed After successfully recovering nearly all the stolen funds from the bad actors that orchestrated a flash loan attack on its DeFi lending and borrowing […]

USDT depegged to the upside3

12 Apr 23

FTX considering a comeback as more funds are recovered

FTX has successfully recovered $7.3 billion in assets and is considering relaunching the exchange in the second quarter of 2023 as per recent reports. During a hearing that took place on April 12 in the United States bankruptcy court for the district of Delaware, attorneys from Sullivan & Cromwell representing FTX said that the cryptocurrency […]

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12 Apr 23

SushiSwap recovers $186k after hack, plans to return funds to users

SushiSwap has retrieved $186,000 worth of ETH from a hacker who drained over $3.3 million worth of ETH on April 9. The exchange has since then laid out plans of how affected users can claim lost funds. SushiSwap to return funds to users On April 12 SushiSwap gave an update on the recent exploit that […]

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05 Apr 23

Allbridge hacker returns $465k of stolen user funds

Shortly after $573,000 worth of crypto was stolen from Allbridge, a perpetrator of the vulnerability has accepted the offer of a “white hat reward” and returned 1,500 BNB. The perpetrator of the theft of around $573,000 worth of tokens from the multichain token bridge Allbridge seems to have accepted the project’s offer of a white […]

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04 Apr 23

Euler hacker returns $31m, bringing funds recovered to $177m

Euler attack exploiter recently returned $31m, the final amount of recoverable funds. The protocol has recovered 90% of funds lost in the recent attack. Attacks in the cryptocurrency industry have been quite prevalent in recent weeks. However, after suffering a hack a few weeks ago, Euler protocol announced success in their negotiations with the attacker. […]

Silicon Valley Bank3

02 Apr 23

FDIC reportedly places SVB funds, including customer deposits, under receivership

A fortnight after the newly appointed Silicon Valley Bank (SVB) chief executive officer (CEO) cheered customers to return funds to the bank, the Federal Deposit Insurance Corporation (FDIC) has reportedly sent emails informing customers that their funds were in receivership. Mayopolous woos depositors Developments emanating from the embattled SVB, after Mayopolous’ advice, have shocked depositors as […]

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29 Mar 23

Sam Bankman-Fried funds legal defense with Alameda Research money

Sam Bankman-Fried (SBF), the founder of fallen crypto exchange FTX, has been paying for his legal defense with millions of dollars that he allegedly gave to his father using money from Alameda Research. The multi-million dollar donation financed by an Alameda loan was handed to SBF’s father, Joseph Bankman, a Stanford Law Professor, in 2021. […]

cryptonews wallet frozen

29 Mar 23

Canadian pension funds to reveal crypto exposure

In a bid to protect citizens’ retirements, the Canadian government will direct regulated pension funds to show their exposure to cryptocurrency. Part of Canada’s 2023 budget plan mentioned the need to protect investors from cryptocurrency risks, adding that “there is a clear need for different orders of government to take an active role in addressing […]

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