Tag: 1.5M

Arbitrum-based Rodeo Finance exploited for second time, $1.5M stolen

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Arbitrum-based decentralized finance (DeFi) protocol Rodeo Finance was exploited for $1.53 million on July 11. The DeFi protocol was exploited using a code vulnerability in its Oracle, leading to a loss of over 810 Ether (ETH). According to data shared by blockchain analytic firm PeckShield, the exploiter later bridged the stolen funds from Arbitrum to Ethereum and swapped 285 ETH for unshETH. The exploiter then deposited the ETH on Eth2 staking. Finally, the exploiter routed the stolen ETH using the popular mixer service Tornado Cash, which exploiters often use as…

Crypto investigator ZachXBT alleges YouTube influencer Blue stole $1.5m through scams

Cryptocurrency detective ZachXBT detailed alleged cryptocurrency fraud activities conducted by a popular YouTube personality, known as Blue or Jack, potentially amounting to over $1.5 million in stolen funds. Cryptocurrency investigator ZachXBT has published evidence alleging a YouTube influencer named Blue, also referred to as Jack, was involved in numerous crypto heists amounting to a staggering $1.5 million. Initially known for his gaming and prank videos, Blue amassed a following of over 122,000 subscribers on YouTube, before allegedly becoming embroiled in cryptocurrency scams in 2021, as detailed by Zach on Twitter.…

Decentralized Chess Game Secures $1.5M in Funding

Anichess, made in partnership between Animoca Brands and Chess.com-owned Play Magnus Group (PMG) and its Champions Chess Tour, is a community-driven, free-to-play game that’s billed as having “new strategic layers powered by magical spells.” Anichess combines the core rules of a classic chess game with a so-called “spell mechanic” that includes a range of offensive, defensive and counter tactics. There will also be esports-like elements added through challenges. Source

Crypto Financial Product Firm OpenTrade Raises Over $1.5M Round led by Sino Global

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Former Coinbase exec cancels $1m bitcoin bet, donates $1.5m to charity

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Former Coinbase Chief Executive Officer (CTO) Balaji Srinivasan canceled his $1 million bet on bitcoin (BTC) on May 2 after it failed to reach $1 million within 90 days. Balaji gave $1.5 million to three organizations as part of the settlement, including a charity organization, GiveDirectly. Balaji Srinivasan, the former CTO of Coinbase, has abandoned his wager that bitcoin will hit $1 million in the next 90 days.  Balaji revealed on Twitter on May 2 that…

Balaji Closes Bitcoin Bet With $1.5M in Donations, Including $500K for Bitcoin Core Development

The former chief technology officer at crypto exchange Coinbase and a former partner at venture capital firm Andreessen Horowitz, Srinivasan in mid-March – shortly after the failures in short order of Silvergate Bank, Signature Bank, and Silicon Valley Bank – said he expected a banking crisis to trigger a sizable devaluation of the U.S. dollar, hyperinflation, and a surge in bitcoin to $1 million by mid-June. He put up $1 million to back his prediction. Source

General Bytes Loses Over $1.5M to Crypto Hack

The ATM maker shuttered its cloud services to limit further compromise of sensitive user information. Bitcoin ATM maker General Bytes has reportedly lost BTC worth about $1.5 million to a crypto hack. The company reported a security incident between March 17 and 18 that allowed unauthorized access to compromising user information. According to the press release, the attacker gained remote access to the entire database, API keys, hot wallets, user names and passwords. Consequently, the attacker could also turn off 2-factor authentication and access terminal event logs showing customers who…

Bitcoin ATM manufacturer, General Bytes, hacked for over $1.5m 

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General Bytes, a bitcoin automated teller machine (ATM) manufacturer, has lost over $1.5m of bitcoin (BTC) following an exploit on Mar. 17 and 18. General Bytes hacked In a security update on Mar. 18, General Bytes said the hacker, or a group of hackers, found an exploit on their master service interface before using it to send funds to their hot wallets. Following this hack, General Bytes was temporarily forced to shut down as it assessed the damage caused. On March 17-18th, 2023, GENERAL BYTES experienced a security incident. We released a…

Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M in Bitcoin Stolen – Bitcoin News

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General Bytes experienced a security incident on March 17 and 18 that enabled a hacker to remotely access the master service interface and send funds from hot wallets, according to the company and sources. The breach forced a majority of U.S.-based crypto automated teller machine (ATM) operators to temporarily shut down. The hacker was able to liquidate 56.28 bitcoins, worth approximately $1.5 million, from about 15 to 20 crypto ATM operators nationwide. Crypto ATM Operators Temporarily Shut Down After General Bytes Security Breach Enables Hacker to Liquidate $1.5M in Bitcoin…