Tag: 11.5M

BitoPro Hid $11.5M Hack for 25 Days, Blamed Maintenance

Key Notes BitoPro is likely the latest victim of a crypto hack. The exchange didn’t reveal the suspicious movements to its community. Some members are still complaining of “stuck funds”. BitoPro, a Taiwanese cryptocurrency exchange launched in 2018, is likely to have lost millions of dollars to a hack in early May, but hasn’t shared any official statements yet. According to the on-chain investigator ZackXBT, BitPro was likely hacked for $11.5 million on May 8. Do you want to explain to the community why multiple of your hot wallets saw…

Bitopro exchange hit by $11.5M outflows in potential exploit

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Taiwan-based cryptocurrency exchange BitoPro confirmed a security breach that led to the loss of more than $11.5 million in digital assets from its hot wallets on May 8. The suspicious transactions, which occurred across hot wallets on Ethereum, Tron, Solana and Polygon, saw asset outflows to decentralized exchanges (DEXs) where they were later marked as sold, according to onchain investigator ZachXBT. Despite the incident, BitoPro did not disclose the exploit on X or Telegram for several weeks, ZachXBT said in a June 2 post on X. BitoPro suspicious transactions, notice.…

DeFi Development Corp adds $11.5M SOL, shares jump 12%

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DeFi Development Corporation, formerly known as Janover, is ramping up its Solana treasury strategy following a buyout led by Kraken executives. According to an April 22 announcement, the company added 88,164 Solana (SOL) to its treasury, worth $11.5 million and bringing its Solana stake to $34.4 million. On April 7, DeFi Development Corporation was acquired by a group of former Kraken executives. As part of the deal, the company announced a shift toward crypto, including a rebrand and a Solana-based reserve treasury. Before the transition, Janover operated in the real…

BTC breaks $63K, Bitcoin Minetrix raises over $11.5m in presale

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. An overwhelmingly bullish 24 hours has swept the crypto market as Bitcoin surges past $63K. This puts it under 9% from its November 2021 ATH, sparking massive excitement among market participants. The elation has spilled over into new altcoins also, with the cloud mining protocol Bitcoin Minetrix recently surging past $11.5 million in its presale. Bitcoin surges as retail and institutional demand floods the market Bitcoin’s rally from $40-$50K…

Cathie Wood’s ARK Sold $11.5M Coinbase Shares

The firm offloaded a total of 82,255 shares worth about $11.5 million at Tuesday’s closing price from the ARK Innovation (ARKK), ARK Next Generation Internet (ARKW) and ARK Fintech Innovation (ARKF) exchange-traded funds (ETF). It has reduced its stake in the crypto exchange on all but two trading days this month. Source

Cosmos-Based DeFi Protocol Quasar to Start Mainnet After Raising More Than $11.5M

In the wake of the spectacular failure of centralized exchanges such as FTX, both crypto natives and investors have increased their focus on decentralized finance (DeFi) and security. Quasar is aiming to address these issues by creating a dedicated layer 1 protocol that will allow investors to deposit funds into permissionless, non-custodial investment vehicles known as “vaults,” that are optimized to work across multiple blockchains, the press release said. Source

Alameda wallet under liquidator control incurred $11.5M in losses: Arkham

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The liquidators of Alameda Research have reportedly incurred at least $11.5 million in losses since taking control of Alameda’s trading accounts. On Jan. 16, a Twitter thread from Arkham Intelligence reported that one wallet under the control of liquidators has seen a string of “significant losses” due to liquidations, some of which were “preventable losses.” Over the past two weeks being under Liquidator control, the account incurred significant losses: Largest single liquidation: $4.85MTotal liquidated amount: $11.5MPreventable losses: $4M+ — Arkham (@ArkhamIntel) January 16, 2023 As one example, Arkham noted that…