Day: October 2, 2023

September becomes the biggest month for crypto exploits in 2023: CertiK

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September has officially become the worst month in 2023 (so far) for crypto-related exploits — with a whopping $329.8 million in crypto stolen. On Oct. 2, blockchain security firm CertiK said the most significant contributor to the month’s totals came from the Mixin Network attack on Sept. 23 when the Hong Kong-based decentralized cross-chain transfer protocol lost $200 million due to a breach of its cloud service provider. #CertiKStatsAlert Combining all the incidents in September we’ve confirmed ~$332M lost to exploits, hacks and scams. Exit scams were ~$1.9M Flash loans…

FTX founder mulled giving Trump $5B not to run for president, says author

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Former FTX CEO Sam Bankman-Fried once looked into paying Donald Trump not to run for United States president, according to Michael Lewis, the author of a new book documenting the rise and fall of SBF. Michael Lewis, author of “Going Infinite: The Rise and Fall of a New Tycoon,” spoke about the former crypto billionaire and FTX founder in a 60 Minutes interview on Oct. 1. One of the revelations in the book is that SBF looked into paying Donald Trump not to run for president. “That only shocks you if you…

Effective altruism fueled SBF’s ‘ridiculous’ actions at FTX: Ex-Alameda engineer

Effective altruism was used to justify “increasingly risky and ridiculous” actions at crypto exchange FTX prior to its ultimate collapse in November 2022, says a former software engineer at Alameda Research. Speaking to Cointelegraph just days before FTX founder Sam Bankman-Fried’s Oct. 3 trial, Aditya Baradwaj shared how the ideology played a role in the company’s collapse while explaining what it was like to work under the former billionaire. Baradwaj claimed that effective altruism — which advocates that people make as much money as possible to give it away later…

Solana Surges 15%, Is This Just Start Of A Larger Increase?

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Solana is surging above the $23.50 resistance against the US Dollar. SOL price could accelerate further higher if it clears the $25.00 resistance zone. SOL price is up over 15% and it is showing signs of bullish continuation against the US Dollar. The price is now trading below $23.00 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $23.10 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could rise further higher if it clears…

Ethereum Price Increase Could Soon Fade If ETH Fails To Surpass $1,750

Ethereum price is attempting a fresh increase above $1,720 against the US Dollar. ETH could accelerate higher if it clears the $1,750 resistance. Ethereum is attempting a fresh increase above the $1,720 level. The price is trading above $1,700 and the 100-hourly Simple Moving Average. There is a connecting trend line forming with resistance near $1,750 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $1,750 resistance zone. Ethereum Price Gains Traction Ethereum’s price settled above the $1,650 level.…

Bitcoin Bulls Aim Big After Recent Surge To $28K

Bitcoin price rallied above the $27,500 resistance. BTC is consolidating near $28,000 and might start a minor downside correction in the near term. Bitcoin gained pace above the $27,200 and $27,500 resistance levels. The price is trading above $27,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $27,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is signaling more gains above $28,000 after a mild downside correction. Bitcoin Price Rallies To $28K Bitcoin price…

Lazarus’ new malware can now bypass detection

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North Korean hacking collective Lazarus Group has been using a new type of “sophisticated” malware as part of its fake employment scams — which researchers warn is far more challenging to detect than its predecessor. According to a Sept. 29 post from ESET’s senior malware researcher Peter Kálnai, while analyzing a recent fake job attack against a Spain-based aerospace firm, ESET researchers discovered a publicly undocumented backdoor named LightlessCan. #ESET researchers unveiled their findings about an attack by the North Korea-linked #APT group #Lazarus that took aim at an aerospace…

OX token value craters after co-founder’s arrest triggers uncertainty

Open Exchange’s (OPNX) native currency crashed on the heels of co-founder Su Zhu’s arrest. OX token value craters When Zhu was apprehended in Singpaore, it triggered a massive wave of sell pressure, resulting in a steep decline in the value of OX tokens. According to Alphanomics, approximately $1 million worth of OX tokens were hastily dumped by token holders in the days following the news. As a result, OX tokens dropped to as low as $0.010. While a minor recovery has occurred since the initial crash, the token’s value remains…

Is Uptober here? Bitcoin, Ethereum suddenly pumps, wiping $70M in shorts

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More than $70 million in crypto shorts were suddenly liquidated after a surprise jump in the price of Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies on Oct. 1. According to data from TradingView, the sudden pump saw Bitcoin surge 3% in just 15 minutes from $27,100 to $28,053 before settling down just below the $28,000 mark at the time of publication. Happy Uptober to those who celebrate. Remember 2021? pic.twitter.com/qgHy1ThGOf — The Wolf Of All Streets (@scottmelker) October 2, 2023 Similarly, the price of Ethereum’s native currency Ether also surged,…

Web3 is disrupting sports, entertainment, and culture in Asia

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The impact blockchain technology is having on the entertainment, creative, and sports industries is profound. Web3 is revolutionizing how fans experience entertainment content and how they engage with their beloved sports athletes and teams. The web3 industry is disrupting sports, entertainment, and culture. This is particularly the case in Asia. Hong Kong, for instance, has already taken bold steps to embrace the potential of the next internet.…