The exploiter had come forward and returned most of the stolen funds a few days ago. Source
Mango Markets Will Soon Start Returning Stolen Funds From $114 Exploit
Tag: Markets
There were vast discrepancies in crypto markets during Q3: Report
According to a new report published by cryptocurrency data aggregator CoinGecko, several interesting anomalies surfaced in the cryptocurrency markets during the third quarter Although the digital asset industry witnessed heavy sell-offs earlier this year, its overall market cap actually increased by around $100 billion compared to Q2. While in the past, crypto bear markets have largely decoupled from stock performance, coins and tokens almost traded in exact tandem with the U.S. S&P500 index in Q3. The correlation coefficient, which ranges between 0 and 1, for the performance of the S&P500…
Bitcoin Traders Patiently Wait for ‘Uptober’ — Historical Prices Show BTC Gained 10 out of 13 Octobers – Markets and Prices Bitcoin News
In recent times bitcoin’s volatility has been the lowest it’s been since 2020 and after last month’s market downturn, crypto enthusiasts expected a reversal in October. In fact, bitcoin has seen gains in October ten times out of the last 13 years, which has led crypto enthusiasts to call the month “Uptober.” While bitcoin is up close to 3% against the U.S. dollar since the start of the month, and there’s just over two weeks left until the end of October, bitcoin supporters are curious about how this month will…
Mango Markets exploiter said actions were ‘legal,’ but was it?
The $117 million Mango Markets exploiter has defended that their actions were ‘legal,’ but a lawyer suggests that they could still face consequences. Self-described digital art dealer Avraham Eisenberg, outed himself as the exploiter in a series of tweets on Oct. 15 claiming he and a team undertook a “highly profitable trading strategy” and that it was “legal open market actions, using the protocol as designed.” I believe all of our actions were legal open market actions, using the protocol as designed, even if the development team did not fully…
Kevin O’Leary Expects Bitcoin to Go up When Stablecoin Transparency Act Passes – Markets and Prices Bitcoin News
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, expects the price of bitcoin to go up when the Stablecoin Transparency Act passes, which he believes could be soon after the November midterm elections. O’Leary emphasized that crypto cannot be stopped, stating: “You either join the wave or get lost.” ‘Regulations Come, Bitcoin Goes Up’ Shark Tank star Kevin O’Leary, the chairman of O’Shares Investment Advisers, shared his reason why investors should long bitcoin on the Crypto Banter Youtube channel Friday. Mr. Wonderful explained that there is a bill called the…
$114M Mango Markets Exploiter Outs Himself, Returns Most of the Money
“Everything has to go through DAO proposals,” Daffy Durairaj, co-founder of Mango Markets, wrote in the project’s Discord. “My personal goal is to make depositors whole and that’s what I’ll aim towards. But the mix of tokens and positions everyone had might be different” Source
Turkey’s September Gold Imports up by 1,700% as Individuals Swap Falling Lira With the Precious Metal – Emerging Markets Bitcoin News
Turkey’s gold imports of just over 39,000 kilograms in September 2022 are more than 16 times the quantity that was brought into the country in September 2021. The surge in Turkey’s gold imports is reportedly being spurred by the rise in demand for the precious metal by individuals and entities using it in foreign currency transactions. ‘Gold Instead of Turkish Lira’ According to data from Borsa Istanbul’s Precious Metals and Diamond Markets, the quantity of gold imported into inflation-stricken Turkey in September 2022 was over 1,700% more than the quantity…
Mango Market’s DAO forum set to approve $47M settlement with hacker
Following a $117 million exploit on Oct. 11, the Mango Markets community is set to make a deal with its hacker, allowing the hacker to keep $47 million as a bug bounty, according to the decentralized finance (DeFI) protocol governance forum. The proposed terms reveal that $67 million of the stolen tokens will be returned, while $47 million will be kept by the hacker. 98% of the voters, or 291 million tokens, have voted in favor of the deal, which also stipulates that Mango Markets will not pursue criminal charges on…
Market Wrap: Crypto Markets Take Quieter Ride Following Thursday’s Roller Coaster
Prices are relatively flat across the board following a tumultuous week of discouraging economic indicators. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Source
Parallel Markets Looks to Bridge Identity Verification Across Platforms
The company has two offerings. The first is “identity underwriting,” which validates the identity of a potential user by pulling key data about them for AML and KYC (know your customer) requirement compliance. For crypto-native firms, identity can be validated using Parallel’s PID identity token, a full on-chain token that preserves anonymity. The tool also provides sanction monitoring for both individuals and business entities globally. Source