Tag: Million

CoinsPaid targeted in $37.3 million hack

An official update on July 26 reveals that CoinsPaid, an Estonia-based crypto payment provider, was hacked and lost $37.3 million on July 22.  CoinsPaid is pointing fingers at the Lazarus Group, a notorious hacker organization known for targeting high-profile companies in the past. The hacker group, believed to be sponsored by North Korea, has been accused of hacking and stealing from several crypto firms and bridges, including CoinCheck and Ronin. Following the breach, CoinsPaid’s said they swiftly fortified their systems to prevent further damage. For their action, the payment processor said customer…

Avalanche Foundation Commits $50 Million To Tokenized Asset Purchases

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The Avalanche (AVAX) Foundation has launched a $50 million initiative, called Avalanche Vista, to pioneer the future of asset tokenization.  According to the announcement, the foundation will allocate the funds to purchase tokenized assets, often referred to as “real world assets” or “off-chain assets,” minted on the Avalanche blockchain.  KKR Fund Tokenization On AVAX The goal of the program is to support and demonstrate the value of tokenization, the process of creating an on-chain digital representation of an asset, item, or thing. Avalanche’s consensus mechanism, subnet architecture, and technical innovation…

Meta Platforms fined $14 million for Onavo privacy issues: Report

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An Australian court has reportedly ordered Meta Platforms, the owner of Facebook, to pay fines amounting to 20 million Australian dollars ($14 million) for collecting user data through a smartphone application, Onavo.  According to a Reuters report, the Federal Court of Australia has directed Meta, along with its subsidiaries Facebook Israel and the discontinued app, to reimburse $270,356 (A$400,000) in legal costs to the Australian Competition and Consumer Commission (ACCC). The ACCC initiated the civil lawsuit against Meta, alleging that Onavo was promoted as a privacy protection tool, but failed…

Alphapo hot wallets hacked for over $31 million

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Crypto payment platform Alphapo had at least $31 million drained from its hot wallets on Ether (ETH), TRON (TRX), and Bitcoin (BTC), security experts reported on July 22. Since the number of Bitcoins stolen is uncertain, the figures may be even higher.  According to on-chain sleuth ZachXBT, the funds have been stolen on the Ethereum network, then swapped for ETH before being bridged to the Avalanche and Bitcoin blockchains. As per DeDotFi’s security team, the hack may have been caused by a leak of private keys. Investigations are still in…

Alphapo hacked, over $23 million in Bitcoin, Tron, and Ethereum stolen

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Alphapo, a payment processor, reportedly fell victim to hackers, resulting in a loss of more than $23 million in various coins and tokens. Crypto “detective” ZachXBT, who has been closely tracking the movement of stolen funds across different networks, brought to light the Alphapo attack on July 23. Earlier today Alphapo hot wallets were drained for $23M+ on ETH, TRON, BTC. HypeDrop (Alphapo customer) has since had withdrawals disabled. On Ethereum the stolen funds were swapped…

PEPE hype waning, this meme coin has raised over $6.2 million in presale

In recent years, there has been a significant surge in the popularity and growth of meme coins. These coins, inspired by internet memes, are now an important part of crypto because of their perceived potential for growth. One such example is the PEPE, which was popular after launch. However, PEPE’s excitement has subsided, and a new meme coin project, DigiToads, is taking over. In the ongoing presale, DigiToads has raised over $6.2 million. DigiToads raises over $6.2 million in presale DigiToads has gained popularity due to its unique features that set…

$2 million crypto graphics card counterfeit scheme busted in China

Several suspects have been apprehended in China for selling used graphics cards as new to crypto miners in a counterfeit operation, reports on July 20 reveal. Their modus operandi involved purchasing relatively new GPUs in bulk from miners, cleaning them, removing identifying marks, and repackaging them to appear as brand-new models. The arrest came after a year-long investigation by police in the Bincheng district of Binzhou City. During the operation, authorities discovered numerous mining enclosures missing their graphics cards in a warehouse.  Seven people have been arrested in connection with the $2…

Curve omnipool platform Conic Finance hacked for $3.2 million in ETH

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Conic Finance, a liquidity pool balancing platform for the decentralized finance (DeFi) protocol Curve, has suffered an exploit on the Ethereum omnipool. Conic Finance has been exploited for $3.26 million in Ether (ETH), the Web3 risk-alert source Beosin Alert reported on July 21. Nearly the entire amount of stolen cryptocurrency was sent to a new Ethereum address in just one transaction, according to data provided by Beosin. Transactions on the address involving a flashloan exploit on Coin ETH Pool. Source: Etherscan Conic Finance was quick to confirm the news on…

FTX to clawback $71.5 million from Bankman-Fried’s NGO

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Lawyers of the defunct crypto exchange, FTX, now argue that founder Sam Bankman-Fried commingled customer funds for “personal aggrandizement” to garner influence for himself. FTX targets life science investments According to court documents filed by FTX attorneys on July 19, customer funds worth $71.5 million transferred to Sam Bankman-Fried’s Life Science-focused NGO qualifies as recoverable assets and should be clawed back. FTX lawyers wrote to a bankruptcy court that Bankman-Fried’s “sham non-profit organization” Latano and the FTX Foundation…

Dormant whale awakens after 8 years, moves over $116 million of Ethereum to Kraken

An Ethereum wallet address that has been dormant for eight years recently moved its entire stash of 61,216 ETH, valued at $116 million at spot rates as of July 19, to an address on Kraken, a crypto exchange. Initially worth approximately $20 million during the pre-mine phase, ETH prices have since surged, lifting the entire stash by 8X to roughly $116 million over the years. 💤 💤 💤 💤 💤 💤 💤 💤 💤 💤 A dormant pre-mine address containing 61,216 #ETH (116,396,127 USD) has just been activated after 8.0…