Tag: Million

Proactive Detection by Certik Saves Wormhole Bridge From Potential $5 Million Hack

Certik, a security firm, prevented a potentially disastrous $5 million exploit in the Wormhole cross-chain bridge by identifying a critical bug, showcasing the importance of proactive security practices and the benefits of open-source software in enhancing Web3 security standards. Wormhole, a project enabling token and data transfers between blockchain networks like Ethereum and Solana, had […] Source CryptoX Portal

Middle East-Focused Crypto Exchange, Rain, ‘Likely Exploited’ for $14.8 Million, Says Zachxbt

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The cryptocurrency exchange Rain, which focuses on the Middle East, was likely exploited for $14.8 million on April 29, according to online crypto investigator Zachxbt. Zachxbt says he traced the stolen funds to a bitcoin address with 137.9 bitcoins and an ethereum address holding 1,881 ether. Crypto Exchange Yet to Confirm Attack According to online […] Source

Shiba Inu (SHIB) And Litecoin (LTC) Whales On The Move As ETFSwap (ETFS) Raises $2 Million  – Blockchain News, Opinion, TV and Jobs

ETFSwap (ETFS) outshines Shiba Inu (SHIB) and Litecoin (LTC) as liquidity flows into its ecosystem. With stealth and precision, ETFSwap (ETFS), the new kid in the block, is observed to completely poach long-term whales and investors of top crypto projects, Shiba Inu (SHIB) and Litecoin (LTC). Not just whales from Shiba Inu (SHIB) and Litecoin (LTC) alone, but the broader cryptocurrency industry, as big whales and smart money identify the increased investment potential and returns of ETFSwap (ETFS) backed by its platform’s innovative utilities.  ETFSwap (ETFS) recently raised a whopping…

Analyst Forecasts BTC to Reach $1 Million in 10 Years, Envisions It as Future Reserve Currency

Onchain bitcoin analyst Willy Woo predicts that the leading cryptocurrency will reach the $1 million milestone within the next decade. During what he describes as “a time to be alive,” Woo anticipates witnessing a purge of central bank corruption. However, one of Woo’s followers envisions a Central Bank Digital Currency (CBDC), not bitcoin, replacing the […] Source CryptoX Portal

Bitcoin wallets, dormant for 11 years, transfer $60 million

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Long-dormant Bitcoin wallets, inactive for nearly 11 years, suddenly transferred a whopping 1,000 Bitcoins (BTC) within a 20-minute window, on-chain analysts reported Sunday. Lookonchain, an analytical tool that offers insights into blockchain activity, noticed that two wallets — “16vRqA” and “1DUJuH” — initially received 500 BTC each in September 2013. At the time, Bitcoin traded at a modest $124 per coin. Fast-forward to today and these once-insignificant transactions have ballooned into a massive windfall. The coins, valued at approximately $60.9 million at the current BTC price, translate to a staggering…

Match Systems Announces Recovery of $68 Million in Stolen Cryptex Crypto Assets

Match Systems, a cybersecurity company specializing in Anti-Money Laundering (AML) services, blockchain forensics, and investigations, recently announced the recovery of $68 million in stolen crypto assets from Cryptex, a cryptocurrency trading platform established in 2016. The specifics of the recovery operation have not been disclosed. In a recent social media post, Match Systems further stated: […] Source CryptoX Portal

Ex-Twitter CEO Jack Dorsey Says Bitcoin Will Reach $1 Million, Here’s When

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Jack Dorsey, the former CEO of X (formerly Twitter) has predicted when Bitcoin will reach $1 million. The tech entrepreneur is a familiar figure in the crypto space and is known to be heavily invested in the flagship crypto.  When Bitcoin Will Hit $1 Million In an interview with Pirate Wires, Dorsey mentioned that BTC could hit $1 million in 2030 and beyond. In addition to predicting Bitcoin’s future trajectory, Dorsey took time to appreciate the Bitcoin ecosystem. He remarked that besides its history, “the most amazing thing about Bitcoin”…

Bitcoin Miner Cleanspark’s Net Income Tops $126.7 Million in ‘Record-Breaking’ Quarter

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In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period was $126.7 million. Gary A. Vecchiarelli, the CFO of Cleanspark, partially attributes the company’s “record-breaking” performance to the surge in bitcoin prices. Impact of Bitcoin […] Original

Crypto Scammer Returns $34.7 Million To Victim

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A week ago, a crypto whale fell victim to a scam that resulted in the loss of over $71 million. In the following days, the scammer moved the funds to veil them. But in a shocking turn of events, they returned the funds to the victim. Related Reading Address Poisoning Scam Snatches $71 Million On May 3, whale 0x1E22…8FD5 lost 1,155 Wrapped Bitcoin (WBTC), worth around $71.31 million, after falling victim to an address poisoning scam. This scam, also known as address spoofing, consists of trying to trick users into…