Hong Kong-based cryptocurrency exchange BitForex has faced a complete blackout since suspending its website and trading application on February 23. Users have been unable to initiate withdrawals or access the exchange, which previously boasted over $2 billion in trading volume as of February 24. Before the halt, approximately $56 million in cryptocurrencies had been withdrawn...
OpenSea, once a dominant force in the NFT marketplace, has hit turbulent waters. The platform finds itself metaphorically shipwrecked along the digital shores of the Web3 game OpenSeason. This dramatic turn of events comes after OpenSea made the controversial decision to delist the game’s NFT passes, sparking widespread discussion in the community. Developer Fractional Uprising...
New Web3 project Dechat has drawn the wrong kind of attention after unintentionally sharing a honeypot scam link during its token announcement on February 26. This mistake was brought to the project’s notice by popular crypto investigator ZachXBT. Dechat Honeypot Scam Mistakingly Promoted The crypto sleuth shared screenshots showing the Dechat team’s mistake in sharing...
The hacker responsible for the November 2023 KyberSwap attack was spotted on February 26 transferring nearly $2.5 million in cryptocurrency. #PeckShieldAlert #KyberSwap Exploiter-labeled address bridged ~800 $ETH (worth ~$2.5m) from #Arbitrum to #Ethereum pic. .com/xTWO7lOLJY — PeckShieldAlert (@PeckShieldAlert) February 26, 2024 According to an X post by blockchain analytics firm PeckShield, the hacker moved 798.8...
Blueberry managed to suspend its lending services shortly after suffering an exploit that led to over $1.3 million worth of Ether being drained from the DeFi protocol. In an X post published on February 23, the Blueberry Protocol Foundation announced that it was currently experiencing an “ongoing exploit” and recommended users to withdraw their funds...
Criminals engaging in illicit operations through the use of blockchain technology and metaverse projects will face increased repercussions, China’s highest prosecutor said today. In a press conference hosted by the China’s Supreme People’s Procuratorate on February 23, spokesperson Li Xuehui highlighted a surge in cybercrime occurring within blockchains and the metaverse. Chinese Prosecutors Highlight Increasing...
Avalanche, a layer-1 network, has encountered a block production failure lasting nearly two hours, as reported on its status page. The interruption, which affected the primary network, was observed through the Avascan browser, with the last transaction recorded at block 42046853 (19:13 UTC+8). The Avalanche status page issued a statement indicating a “Block Finalization Stall,” with...
Household social media platform Reddit holds Bitcoin (BTC) and Ether (ETH), according to a public IPO filing. The disclosure comes after Reddit filed to go public with the Securities and Exchange Commission (SEC) under the ticker “RDDT”. RDDT is expected to start trading on the New York Stock Exchange (NYSE) in March. “We are going...
Senator Elizabeth Warren (D-MA) referred to Republican opponent John Deaton’s campaign as a “threat” as she called on supporters to help fund her campaign against him, newly surfaced emails from the politician over the past week reveal. Warren Launches Email Campaign in Fight for Senate Seat Deaton, a noteworthy attorney from Rhode Island, moved specifically...
Security tokens are set for a boost in Japan, where business giants including Mitsubishi UFJ, Mizuho Bank, and Rakuten will launch an offering that pays interest in “electronic money.” In a press release, the firms explained that the new ST offering will take place on the blockchain-powered Progmat platform, with investors paid in Rakuten Cash tokens....