How an unfortunate Ethereum yield farmer lost $140,000 in UNI overnight

For many, yield farming has been a profitable activity: there have been stories of users turning small accounts into a large amount of capital, simply by swapping from projects like Yam Finance and SushiSwap. But, for some, it’s been rather unprofitable. Alex Manuskin, a researcher at crypto wallet startup ZenGo, recently noted that a user […]

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Synthetix founder speaks on Kucoin hack of $2.5m in SNX, millions in other DeFi coins

Late last week, KuCoin, a notable Singapore-based exchange known for its large offering of altcoins, bit the dust. Blockchain analysts recorded a series of suspicious withdrawals from the company’s hot wallets that suggested the crypto exchange was hacked. Around eight hours after the withdrawals, it was revealed that a hack had happened, through which millions […]

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Ethereum Classic is partnering with security firms to prevent further 51% attacks

Ethereum Classic (ETC) Labs — the code maintainer and non-profit behind the Ethereum fork — announced its partnership with two cybersecurity firms to prevent the repeated 51% attacks that the Ethereum Classic network suffers from. Repowering Ethereum Classic In a blog post, the ETC Labs said the ETC Core Dev Team and itself were partnering […]

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Security report finds Monero (XMR) leads in “cryptojacking” exploits

A new cybersecurity report said privacy protocol Monero was used in most of the cryptojacking attacks traced this year. The cryptocurrency remains one of the most-used among illicit groups due to its strong privacy-features, one that even the US Security and Exchange Commission is trying to break into. Monero emerges on top Titled “Attacks in […]

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DeFi protocol bZx suffers $8 million hack, customer funds safe

Blockchain protocol bZx suffered a hack early Monday, with hackers making away with almost $8 million in various cryptocurrencies before the vulnerability was patched. bZx hit thrice bZx is a decentralized margin lending protocol & liquidation oracle marketplace on the Ethereum blockchain. Its protocol allows users to deploy smart contracts atop Ethereum to lend and […]

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ShapeShift employee allegedly stole $900,000 in Bitcoin from company accounts

Crypto firm ShapeShift filed a civil action against a former employee of its engineering team who allegedly stole over 90 Bitcoin from company accounts, court documents show. Employee steals Bitcoin over six months Azamat Mukhiddinov, a former senior software engineer hired by ShapeShift in August 2018, was accused by his ex-employer to have installed an […]

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Coinbase delays Ethereum Classic transactions after two 51% attacks

Coinbase will delay all Ethereum Classic (ETC) transactions after the network suffered two 51% attacks last week, with hackers stealing millions in ETC. The San Francisco-based exchange said on a tweet the confirmation time for ETC sent to Coinbase and Coinbase Pro is now set at 2 weeks after the recent network attacks. It added […]

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Why isn’t Ethereum Classic worth $0? Macro investor asks after 51% attacks

Ethereum Classic (ETC), the fork or version of the Ethereum protocol that didn’t freeze the funds of the infamous DAO hack, has been under the spotlight over the past week. At the end of July and the start of August, there was some discussion of a 51% attack on the blockchain. a 51% attack is […]

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Dogecoin (DOGE) is now being used by crypto hackers after TikTok boom

Dogecoin’s usecases have seemingly evolved over time. The meme coin was initially created as a joke in 2014, turned into one of the hottest cryptocurrencies in 2015, became Elon Musk’s favorite in 2018, and was part of a TikTok challenge in 2020. But things have taken a darker turn for the currency; hackers are now […]

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Twitter hack exploded the popularity of Bitcoin on social media

After a coordinated attack caused hundreds of high-profile Twitter accounts to be compromised yesterday, mentions of cryptocurrencies on social media skyrocketed. According to data from cryptocurrency analytics company LunarCrush, social mentions of Bitcoin increased by 343 percent in the past 24 hours, while social engagement Bitcoin has seen on various networks increased by 658 percent. […]

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