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Decentralized Finance (DeFi) platform Penpie, built on the Pendle network, reportedly suffered a major exploit on September 3, 2024. According to the real-time on-chain monitoring system Cyvers Alert, the hack led to the loss of at least $26 million in various wrapped and synthetic crypto assets. Details of the Attack Emerge The security surveillance company stated that the attack on Penpie was initiated by a smart contract that had been initially funded to the tune of 10...

The FBI has warned about North Korean hackers targeting employees of cryptocurrency and decentralized finance (DeFi) companies. In a public service announcement (PSA) released on Tuesday, the FBI detailed how these state-sponsored attackers use advanced social engineering tactics to infiltrate organizations and steal cryptocurrency. Recognizing this danger is crucial, as the FBI stated that North Korean actors utilize diverse approaches targeting particular DeFi and cryptocurrency...

The X accounts of Lara Trump and Tiffany Trump were reportedly hacked Tuesday evening, resulting in fraudulent messages posted to promote a fake cryptocurrency token. The compromised accounts were used to falsely endorse a token allegedly linked to World Liberty Financial, a new crypto project recently promoted by members of the Trump family. Details of the Hack The hackers revealed a specific blockchain address and token, urging followers to invest in what they claimed was...

Matter Labs reduces its workforce by 16% in response to market and business changes. The company promotes decentralization and operational efficiency. Matter Labs, the key developer of Ethereum’s layer 2 scaling technology ZKsync, is laying off 24 employees, or 16% of its staff. This is the first time the organization has had to make such reductions since it was founded in 2018. Restructuring to Meet Evolving Needs The employment reduction is part of a larger organizational reform aimed at...

During a recent fireside chat at the Korea Blockchain Week in Seoul, Brad Garlinghouse, CEO of Ripple, provided significant updates on the company’s upcoming initiatives. Garlinghouse revealed that Ripple is nearing the launch of its U.S. dollar-pegged stablecoin, known as Ripple USD (RLUSD). The stablecoin is still in private closed beta, though its public release is expected in weeks, not months. This comes after Ripple announced last month that it had begun experimenting with RLUSD across...

Nexo’s new onboarding process follows FCA requirements, improving user risk awareness. The platform’s 10-month halt allowed for a full modify to meet UK regulatory standards. Nexo, a centralized cryptocurrency lender, has restarted client registrations in the United Kingdom after a 10-month halt. The delay was first triggered in December 2023 owing to changes in regulatory requirements. Nexo has now improved its operations to satisfy Financial Conduct Authority (FCA) compliance standards,...

In a post on X on Sept. 4, the American billionaire businessman said that Bitcoin has been an outsider to the TradFi community over the past five years, and it’s only now “dipping its toe into global finance.” He added that his firm, Cantor Fitzgerald, will help the traditional finance sector onboard Bitcoin as it wants new asset classes. “Cantor will help tradfi bring Bitcoin all the way in. Tradfi wants new asset classes, and BTC is here to stay.” TradFi Companies Want...

The SunPump community changed its mind about an LP burning mechanism, instead opting for an on-chain buyback and burn mechanism, which Justin Sun agreed to. After hearing the SunPump community out, Justin Sun has decided to implement a 100% on-chain buyback and burn mechanism for the SUN token, memecoin generator SunPump’s native asset. While the initial decision was to integrate an LP token burn mechanism, the community decided against it for various reasons, pushing Sun to choose the...

[PRESS RELEASE – WILLEMSTAD, Curacao, September 4th, 2024] BC.GAMEBC.GAME, the global iGaming leader, has announced a significant evolution in its brand journey with the launch of a comprehensive upgrade. The initiative features a revitalized visual identity, an enhanced user interface, and innovative product offerings, all designed to elevate its brand presence on the global stage. BC.GAME’s brand transformation extends beyond a mere logo update, representing a significant...