Tag: finance

Curve Finance warns its DNS has been hijacked again

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Decentralized finance (DeFi) protocol Curve Finance has warned that a hacker has again hijacked its domain name system (DNS), sending users to a malicious website.   In the second attack on its infrastructure in a week, the “curve.fi DNS might be hijacked. Don’t interact!” the team said in a May 12 warning to X. In a follow-up post to a user asking whether it was a hack or a hijack, the Curve Team said the website “Points to the wrong IP” when users try to visit. A DNS works like a…

Market Structure Rules for Crypto Could End Up Governing Core of U.S. Finance: Le

The crypto industry has been desperate for U.S. regulation as the last major piece in its global maturity puzzle, but sector veteran and compliance expert TuongVy Le, a former Securities and Exchange Commission lawyer, argues that what Congress and the regulators are working on isn’t just for today’s digital assets space but for the core of the future financial system. Le, who has held top legal and regulator positions at Anchorage Digital, Bain Capital and the former Worldcoin (now World Network), told CryptoX that she expects the new rules coming…

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Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined

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The cryptocurrency market continued to surge this past week as the overall digital asset market capitalization exceeded $3.27 trillion, an 8.6% increase over the previous week. Bitcoin (BTC) reached a high of $103,600 on May 8 after reclaiming $100,000 for the first time since January. Its market dominance also surged above 60%, reflecting more bullish BTC sentiment. This marked the third time BTC has broken through six figures since it reached the milestone on Dec. 5, 2024, and again on Jan. 20, ahead of US President Donald Trump’s inauguration.  The…

Voltage Finance exploiter moves $182K in ETH to Tornado Cash

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A hacker involved in the $4.67 million exploit of the decentralized finance lending protocol Voltage Finance in 2022 has moved some of the stolen Ether to Tornado Cash after a short hibernation.  Blockchain security firm CertiK said in a May 6 post to X that the 100 Ether (ETH), worth $182,783 at current prices, was moved from a different address initially used in the exploit but can be traced back to the hacker.   In March 2022, the exploiter took advantage of a “built-in callback function” in the ERC677 token standard…

Tron says DAO X hack cost victims $45K, Curve Finance also hit

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A hacker who took over the Tron DAO X account is estimated to have made around $45,000 in improperly solicited funds, according to a spokesperson from Tron.  Speaking to Cointelegraph, the Tron public relations team confirmed that on May 2, the Tron DAO account posted a contract address and sent direct messages to solicit payments in exchange for promotional advertising on the Tron account. “Our security team quickly identified the intrusion and cut off access to the hacker, but we ask the community to continue to be vigilant. We will…

Bitcoin ETFs, gov’t adoption to drive BTC to $1M by 2029: Finance Redefined

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The cryptocurrency market continued its recovery in the past week as the total crypto market capitalization breached the $3 trillion mark for the first time since the beginning of March. Bitcoin (BTC) rose to an over two-month high of $97,300 last seen at the end of February, before the “Liberation Day” tariffs announcement in the US, bolstering analyst predictions for a rally driven by “structural” institutional and exchange-traded fund (ETF) inflows into the world’s first cryptocurrency. Risk appetite continued rising among crypto investors, as Chinese state-linked news outlets indicated that…