Month: September 2023

Mixin Network hack drains $200M from mainnet assets

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Decentralized peer-to-peer network Mixin Network has lost approximately $200 million in a hack involving the compromise of the database of a third-party cloud service provider. On Sept. 25, Mixin Network confirmed that a hack on Sept. 23 drained approximately $200 million worth of crypto assets from its mainnet. An immediate suspension of all deposit and withdrawal services on Mixin Network followed the revelation. [Announcement] In the early morning of September 23, 2023 Hong Kong time, the database of Mixin Network’s cloud service provider was attacked by hackers, resulting in the…

Ethereum Founder Vitalik Buterin Reveals The Challenges Of The Network

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The Ethereum blockchain is notable for its smart contract functionality and various other things. However, many might not be conversant with the challenges the network encounters. In a recent interview, Ethereum’s founder, Vitalik Buterin, revealed the biggest of them all. Ethereum’s Biggest Challenge Speaking with CNBC, Buterin mentioned that the biggest challenge that the “Ethereum ecosystem” faces is ensuring that it builds products that provide value to its users. According to him, the last decade was test-running, but now Ethereum needs to provide utility.   Ethereum is known to host some…

Chainlink downplays worries after users notice quiet change to multisig

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Decentralized oracle network Chainlink has downplayed a recent change in the number of signers required on its multisig wallet — a move that garnered backlash on social media from vocal critics. Crypto researcher Chris Blec was among a number of users on X (formerly known as Twitter) who called out Chainlink for quietly reducing the number of signatures required on its multi-signature wallet from 4-of-9 to 4-of-8. The 4-of-8 multisig requirement is a security measure that requires four out of eight signatures to authorize a transaction. In a Sept. 25…

North Korean Lazarus Group amasses over $40M in Bitcoin, data reveals

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North Korean hacking collective Lazarus Group holds a whopping $47 million in cryptocurrency, most of which is in Bitcoin (BTC), new data shows.  According to data collated on Dune Analytics from 21.co — the parent company of 21Shares — wallets associated with the Lazarus Group currently hold around $47 million worth of digital assets, including $42.5 million in Bitcoin, $1.9 million in Ether (ETH), $1.1 million in Binance Coin (BNB) and an additional $640,000 in stablecoins, primarily BUSD. However, the amount of crypto held appears to have dropped from the…

TRX Could Rally To $0.095 and Outperform Bitcoin

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Tron price is holding gains above $0.0825 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.095. Tron is moving higher above the $0.0825 resistance level against the US dollar. The price is trading above $0.0830 and the 100 simple moving average (4 hours). There is a short-term contracting triangle forming with resistance near $0.0844 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.088 or even $0.095. Tron Price Eyes Upside Break In the…