Pike Finance has been hacked for the second time in four days, with losses across the two incidents totaling approximately $1.9 million. In response to the first hack, on April 26, the team immediately paused the protocol. However, this opened up a new vulnerability that was exploited between 21:45 and 22:20 (UTC) on April 30. Crypto...

A former FTX executive who was head of the exchange’s European operation when it collapsed in 2022 has reportedly purchased a gold pocket watch worn by property tycoon John Jacob Astor IV when he was killed in the sinking of the RMS Titanic in April 1912.  According to The Wall Street Journal, former head of FTX Europe Patrick Gruhn paid £1.175...

Less than four weeks ago, Roger Ver published his version of Bitcoin’s 2015-2017 blocksize wars. In Ver’s first full-length book, Hijacking Bitcoin, he attempted to question the Blockstream-led narrative of the user-activated soft fork that ostensibly saved Bitcoin from the miner-activated soft fork proposal of big blockers like Ver, Gavin Andresen,...

Changpeng Zhao, the founder of industry-leading cryptocurrency exchange Binance, has been sentenced to prison for four months. This sentence follows his early guilty plea for charges related to violations of the Bank Secrecy Act (BSA). Binance additionally agreed to a deferred prosecution agreement related to its failure to register as...

A court in Finland has jailed the hacker responsible for blackmailing 30,000 psychotherapy patients for more than $500,000 in bitcoin, sentencing him to six years and nine months in prison.  Julius Kivimäki threatened to extort the Vastaamo psychotherapy center out of 40 bitcoins in 2018 after hacking into its database and stealing patient...

For the fifth time in its brief existence, Justin Sun’s decentralized stablecoin USDD has depegged. The coin, which is supposed to stay priced at a dollar via a series of algorithmic mechanisms, has deviated 3% from its $1 peg, currently trading for $0.97. The depegging comes on the back of news that another Justin Sun-based entity, Poloniex,...