Tag: Million

7 DeFi protocol hacks in Feb see $21 million in funds stolen: DefiLlama

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Reentrancy, price oracle attacks and exploits across seven protocols caused the decentralized finance (DeFi) space to bleed at least $21 million in crypto in February.  According to DeFi-centric data analytics platform DefiLlama, one of the largest in the month was the flash loan reentrancy attack on Platypus Finance, which led to $8.5 million of funds lost. DefiLlama highlighted six other noteworthy hacks in the month, the first being the price oracle attack on BonqDAO on Feb 1. DeFi platforms suffered seven attacks throughout February. Source: DefiLlama BonqDAO: $1.7 million BonqDAO…

Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday – Bitcoin News

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According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to the Avalanche network. Bitcoin Bridged to Avalanche Rises Thirty-eight days ago, Bitcoin.com News reported that the number of bitcoin (BTC) ported over to the Avalanche network had surpassed the capacity of the Lightning Network. On Thursday, a significant amount of…

Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges – Bitcoin News

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On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline resulted in a significant $237.97 million worth of long liquidations on a variety of crypto derivative exchanges. Of that total, $206 million in liquidations occurred on March 2 alone. Bitcoin Derivatives Record $237 Million Liquidated in 24 Hours In the past 24 hours, 65 cryptocurrency derivative…

Ukraine’s Government-Provided Crypto Addresses Raised $70 Million During War, Report – Bitcoin News

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Crypto donations collected by the government in Kyiv since the start of the Russian invasion have amounted to almost $70 million, according to Chainalysis. Ether has been the most donated crypto followed by bitcoin and the stablecoin tether, the blockchain intelligence firm said in a report. Ukraine Receives Millions of Dollars in Various Coins From the Global Crypto Community The amount of cryptocurrency transferred to addresses published by the Ukrainian government to raise money for defense and other purposes has reached nearly $70 million, blockchain forensics firm Chainalysis revealed on…

$264 million in bitcoin moved to Binance by unknown wallet

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A single transaction processed on Feb. 28 moved nearly $264 million worth of bitcoin (BTC) from an unknown wallet to world’s top cryptocurrency exchange Binance. The transaction in question moved 11221.055 BTC worth $263,851,890 with a fee of 3,537 satoshi (1/100,000,000 of a bitcoin) worth just $0.83. The movement comes as bitcoin trades at $23,450 after having gained 0.55% over the last 24 hours and losing 1.4% over the last 7 days. Bitcoin 7-day price chart. | Courtesy of CoinStats. In the meanwhile, on-chain data provided by Glassnode shows that…

OKX Seizes 2 Million USDT Stablecoins Linked to Market Manipulation

OKX has decided to compensate all the impacted users by air-dropping more than 3 million USDT by putting its own 1 million USDT in addition to the seized amount. On Tuesday, February 28, crypto exchange OKX seized more than $2 million worth of Tether’s USDT stablecoins allegedly linked to five crypto accounts involved with “malicious market manipulation” of the Celestial (CELT) token. Furthermore, the crypto exchange has also panned a $3 million reinstitution for all the affected users. Over the last weekend, Celestial developers announced the creation of a new…

Mirror Trading International Liquidators Spent More Than $6 million on Lawyers and Investigators – Africa Bitcoin News

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Liquidators of the now defunct bitcoin trading platform, Mirror Trading International have so far used approximately $4.2 million on expenses such as lawyers’ or consultants’ fees. Between Jan. 23, 2023, and the date of their appointment, liquidators claimed to have recovered approximately $770,000 which belonged to MTI. Liquidators’ Fees Liquidators of the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) have so far spent approximately $4.9 million (90.2 million rands) on lawyers and consultants since assuming control, a report has said. According to a Mybroadband report, a total of approximately…

Forsage Founders Indicted for Alleged $340 Million “Global Ponzi” Scheme on Ethereum Blockchain

A federal grand jury in the District of Oregon has handed down indictments against the individuals who are believed to have been the masterminds behind the “global Ponzi” scam known as Forsage, which is said to have generated $340 million. According to a statement released by the Department of Justice (DOJ) on February 22, the four Russian founders, Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and Sergey Maslakov, have been formally accused of having key roles in the scheme that raised approximately $340 million from victim-investors. This information comes from the…

Israeli Startup Chain Reaction Raises $70 Million to Build Blockchain Silicon – Blockchain Bitcoin News

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Chain Reaction, a Tel Aviv-based blockchain startup, announced it has raised $70 million as part of its Series C funding round. The objective of the company is to expand its engineering staff to accelerate the production of its blockchain-focused silicon and collaborate in the development of its cryptographic-focused chips. Chain Reaction Raises $70 Million in Series C Funding Round Chain Reaction, a startup that focuses on building blockchain-based silicon, announced that it has raised $70 million as part of its Series C funding round. The round, which was led by…

Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships – Bitcoin News

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On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves to minority-owned depository institutions (MDIs) and community banks across the United States. Circle Partners With Atlanta-Based Citizens Trust Bank The digital currency firm Circle has announced that Atlanta-based Citizens Trust Bank, founded in 1947, will hold $65 million in usd coin (USDC) reserves. This move follows…