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Japanese crypto exchange DMM Bitcoin loses $308 million

A Japanese cryptocurrency exchange called DMM Bitcoin has announced that they suffered an "unauthorized leak" of 4,502.9 bitcoin (~$308 million) from a company wallet. They've provided very little in additional details around how the loss occurred, or who may have been involved. They have taken some of their services offline as they...

Sat Jun 1, 2024 18:17
Memecoin team accused of hacking influencer Twitter account to manipulate markets

According to crypto sleuth zachxbt, the team behind the Solana-based $CAT memecoin hacked the Twitter account of "Gigantic-Cassocked-Rebirth" (@GCRClassic) crypto influencer.First, the team sniped their own $CAT token launch to obtain 63% of the token supply, ultimately selling a portion of it for around $5 million. Then, they took...

Tue May 28, 2024 21:07
"Normie" memecoin plumets 99% after exploit

An attacker perpetrated a flash loan attack on the "Normie" memecoin on the Base layer-2 blockchain to drain millions of NORMIE tokens. The vulnerability was evidently discovered in March, but never patched.Although the token claimed to have a market cap of $42 million, the attacker was only able to cash out around 224 wETH (~$882,000)....

Tue May 28, 2024 20:27
FTX executive Ryan Salame sentenced to 7.5 years imprisonment

Ryan Salame was the CEO of FTX Digital Markets which was the Bahamian portion of the FTX business. In September 2023, just before Sam Bankman-Fried's trial began, Salame pleaded guilty to one count each of conspiracy to operate an unlicensed money transmitting business and conspiracy to make unlawful political contributions and defraud...

Tue May 28, 2024 19:37
Caitlyn Jenner launches memecoin amid deepfake confusion

Olympic athlete-turned-Trumpworld media personality Caitlyn Jenner has confused many by apparently launching a memecoin on pump.fun and heavily promoting it on her Twitter account with more than 3 million followers. Her original post featured a photo of her grasping hands with Donald Trump, with the text "make america great again!!!...

Tue May 28, 2024 19:07
Gala Games suffers $21 million hack

Someone was able to mint 5 billion $GALA tokens, the native token of the Gala Games blockchain gaming project. The tokens would be notionally worth around $200 million based on their paper value, although such a massive amount wouldn't be sellable without impacting the token price. Furthermore, the Gala Games team was able to add...

Tue May 21, 2024 02:12

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