Month: February 2023

CoW Swap hacker milks over 550 BNB using ‘solver’ exploit

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Decentralized exchange (DEX) protocol CoW Swap recently suffered an attack, losing at least 550 BNB (BNB) in a contract exploit that approved fund transfers from the protocol. Blockchain surveyor MevRefund flagged the event and detected that the funds seemed to be moving away from CoW Swap. The maximal extractable value (MEV) searcher warned the DEX and its users of the exploit in a Twitter thread. @CoWSwap your funds appear to be moooving away …https://t.co/li1NkXNeUp — MevRefund (@MevRefund) February 7, 2023 According to the smart contract auditing firm BlockSec, a wallet…

CoW Swap hacker milks over 550 BNB using ‘solver’ exploit

Decentralized exchange (DEX) protocol CoW Swap recently suffered an attack, losing at least 550 BNB (BNB) in a contract exploit that approved fund transfers from the protocol. Blockchain surveyor MevRefund flagged the event and detected that the funds seemed to be moving away from CoW Swap. The MEV searcher warned the DEX and its users of the exploit in a Twitter thread. @CoWSwap your funds appear to be moooving away …https://t.co/li1NkXNeUp — MevRefund (@MevRefund) February 7, 2023 According to the Smart contract auditing firm BlockSec, a wallet address was added…

DCG Is Selling Holdings in Grayscale: Financial Times

According to the FT report citing filings, DCG’s recent share sales have focused on the ethereum fund, where the group has moved to sell about a quarter of its stock to raise as much as $22M in several trades since January 24. The company is selling at about $8 per share, despite each share’s claim to $16 of ether. Source

Central Bank of Argentina to Issue New 2,000 Peso Bill as Inflation Keeps Rising – Economics Bitcoin News

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The Central Bank of Argentina has announced the issuance of a new 2,000 peso bill, aimed at easing the burden of using cash for payments in the country. The bill, which will have a value of a little more than $5 ‘blue’ dollars (the informal exchange rate), is already being criticized as an insufficient measure. Argentine Central Bank Announces 2,000 Peso Bill The Central Bank of Argentina has taken a new measure in its quest for securing the usability of cash as a means of payment in the country. The…

Layer1 CEO alleges co-founder is using majority power to ‘ransack’ company

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The CEO of crypto miner Layer1 Technologies has filed a lawsuit against the firm’s two other board members — including co-founder Jakov Dolic — for allegedly commandeering Layer1’s operations for their own gain.  Chief executive John Harney and DGF Investments Inc — a British Virgin Islands-based investment firm — filed the lawsuit against Dolic and fellow board member Tobias Ebel in Delaware’s Chancery Court on Feb. 2. The lawsuit alleges that both Dolic and Ebel used a power vacuum at Layer1’s equity parent Enigma to seize control of the Bitcoin…

Former Coinbase manager slams SEC in motion to dismiss insider trading case

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A former product manager at cryptocurrency exchange Coinbase has moved to dismiss charges of alleged insider trading, with his lawyers arguing the tokens he allegedly traded were not securities. Lawyers representing ex-Coinbase employee, Ishan Wahi, and his brother, Nikhil Wahi, filed a motion on Feb. 6 in the United States District Court for the Western District of Washington to dismiss charges laid by the Securities and Exchange Commission. The SEC charged the brothers and their associate, Sameer Ramani, with insider trading last July, alleging the trio made $1.1 million using…

North Korea stole more crypto in 2022 than any other year: UN report

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A confidential United Nations report has revealed North Korean hackers stole more crypto assets in 2022 than in any other year so far. The UN report, seen by Reuters, was reportedly submitted to a 15-member North Korea sanctions committee last week. It found North Korean-linked hackers were responsible for between $630 million and more than $1 billion in stolen crypto assets last year and targeted networks of foreign aerospace and defense companies. The UN report also noted that cyber attacks were more sophisticated than in previous years, making tracing stolen…