Tag: Issues

Lido Finance discloses 20 slashing events due to validator config issues

boss

Ethereum staking protocol Lido Finance has disclosed its protocol saw 20 slashing events due to a series of infrastructure and signer configuration issues from validators operated by Launchnodes. The incident occurred on Oct. 11 at about 3:30 pm UTC, according to Launchnodes. In an Oct. 11 post on X, Lido said Launchnodes’ validators nodes are now offline, and slashings have ceased while the root cause was being investigated. The slashing took place on the Ethereum blockchain and Lido projected the impact to be around 20 Ether (ETH), worth $31,000, as…

HTX claws back $8M in stolen funds, issues 250 ETH bounty to hacker

boss

Huobi Global’s crypto exchange HTX has confirmed the return of the funds stolen by a hacker in late September and issued a 250 Ether (ETH) bounty after resolving the issue. One of HTX’s hot wallets was drained of 5,000 ETH on Sept. 25, worth roughly $8 million at the time. Shortly after the hack occurred, the firm contacted the hacker and claimed to know their identity. HTX ultimately offered to pay a 5% bounty worth around $400,000 and to not take any legal action if they returned 95% of the…

UK Information Commissioner issues preliminary enforcement notice against Snap

Snap issued with preliminary enforcement notice over potential failure to properly assess the privacy risks posed by its generative AI chatbot ‘My AI’ Investigation provisionally finds Snap failed to adequately identify and assess the risks to several million ‘My AI’ users in the UK including children aged 13-17. The Information Commissioner’s Office (ICO) has issued Snap, Inc and Snap Group Limited (Snap) with a preliminary enforcement notice over potential failure to properly assess the privacy risks posed by Snap’s generative AI chatbot ‘My AI’. The preliminary notice sets out the…

Is Your Crypto at Risk? FBI Issues Dire Warning Over ‘Phantom Hacker’

boss

As the crypto market continues to attract substantial investments, it has also witnessed a surge in scams and fraudulent activities. Regulatory institutions worldwide, spearheaded by the United States, seem to intensify their efforts to combat cyber threats, hacks, and frauds that affect the industry.  However, the nascent sector is far from the only one suffering from increasing cyber threats. Since 2020, these attacks have been common both within the crypto space and outside. In line with this, the Federal Bureau of Investigation (FBI) identified a new threat dubbed “The Phantom…

Taiwanese Regulator Issues Guidance for Crypto Firms as it Steps Up Oversight

Under the new guidance, crypto issuers would have to publish a white paper, and exchange platforms must set up a review mechanism for listing and delisting virtual assets. Among other requirements, the regulator said firms should also custody platform assets and customer assets separately. Overseas firms will have to register locally in accordance with company and anti-money laundering laws before serving customers. Source

Balancer confirms social engineering attack caused front end issues

The decentralized finance protocol Balancer suffered an exploit attack for nearly $900,000 in just a few days after a critical vulnerability was discovered. The Balancer team said a DNS attack was the source of an issue on its interface that was discovered on Sep. 20. Per reports, hackers stole $238,000 and users were advised to avoid interacting with the project’s website. The matter was previously under investigation, as crypto.news reported following an alert from Balancer. According to a later update, the protocol’s domains have now been secured by the Balance…

ICO issues half a million pounds in new fines as fight to tackle illegal nuisance calls continues

The Information Commissioner’s Office (ICO) has issued fines totalling £590,000 to five companies for collectively making 1.9 million unwanted marketing calls which targeted the elderly and people with vulnerabilities. This latest action is part of a wider crackdown to tackle rogue companies using pressurised sales techniques to sell insurance for white goods, such as washing machines and fridges, and other household appliances, including TVs. £1.45 million in fines have now been issued by the ICO since October 2021 to 16 companies for making illegal, unwanted marketing calls, many to people…

Judges weigh early release for Sam Bankman-Fried as lawyers push First Amendment issues: Report

boss

A three-judge panel from the United States Court of Appeals for the Second Circuit has reportedly taken arguments from lawyers representing former FTX CEO Sam Bankman-Fried (SBF) under advisement in considering releasing him from jail prior to his October trial.  SBF’s defense team and the U.S. Attorney’s office were each given roughly five minutes to argue before a panel of judges on Sept. 19. One of the judges reportedly claimed SBF’s legal team’s First Amendment argument “has no play anymore” based on Bankman-Fried’s alleged attempts to intimidate witnesses including Caroline Ellison, the…

Ethereum Holesky Testnet Already Seeing Issues, What’s Wrong This Time?

boss

In a rare lapse in technological expertise, the recently unveiled Ethereum testnet, Holesky, failed to launch after developers discovered flaws in the testnet’s design.  Ethereum Holesky Testnet Riddled With Misconfigurations The crypto community and Ethereum enthusiasts are presently waiting for the return of Ethereum’s Holesky testnet which was scheduled to launch on Friday, September 15.  The Holesky testnet which was created to replace Ethereum’s Goerli testnet after its deprecation in 2024 encountered an unexpected technical hiccup on the day of its release. The release date marked a significant date in…

ABN Amro issues €5M digital green bond through Polygon-powered Tokeny

boss

Dutch bank ABN Amro has carried out a digital green bond offering that made use of Polygon’s layer 2 Ethereum scaling technology to raise €5 million. The green bond was issued as a ERC3643 token through Tokeny, an infrastructure platform that uses Polygon to allow financial institutions issue and manage securities and financial instruments. ABN AMRO was able to secure €5 million in funding for real estate investor Vesteda. According to the bank, Vesteda intends to use the funding to refinance “green assets” as part of the company’s green finance…