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Tether (USDT)

Indian Exchange WazirX Hacked for $230 Million by North Korean Group

AUM (assets under management). On-chain analysis reveals the hack was carried out by the infamous North Korean Lazarus group. The hack originated from the exchange’s multisig wallets getting breached. It held 200 kinds of digital assets, including SHIB, ETH, USDT, MATIC, PEPE, and more. WazirX took to X to announce the unfortunate hack, “We’re aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident.” The exchange has paused...

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Stablecoins: Die Erfolgsgeschichte von USDT

USDT is one of the most widely adopted stablecoins, which are blockchain-based currencies that are tied - or tethered - to fiat currencies. Tether's mission is to offer a safer digital asset that isn't affected by market volatility in the same way that Bitcoin is. In der sich ständig weiterentwickelnden Welt der Kryptowährungen haben sich Stablecoins als unverzichtbare Stütze erwiesen. Sie bieten Stabilität inmitten der Volatilität und ermöglichen es Anlegern, die Vorteile der...

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Arthur Hayes’ Maelstrom Launches Bitcoin Grant Program to Boost Technical Development

BitMEX co-founder Arthur Hayes’ crypto investment fund Maelstrom announced the launch of the Bitcoin Grant Program that aims to help with the technical development of the largest blockchain network. The focus will also be to improve its resilience, scalability, censorship resistance, and privacy characteristics. On its official website, Maelstrom said that it can support Bitcoin developers and is committed to an “open and transparent grant process.” Bitcoin Grant Program to...

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LI.FI Hack Causes Losses Worth Over $10 Million

LI.FI, a protocol offering bridging and swapping services between the Ethereum Virtual Machine (EVM) and Solana, was attacked by cybercriminal(s), allowing them to walk away with more than $10 million. The attack targeted smart contracts, taking advantage of bugs to steal the funds stored by them and within wallets interacting with them. Cyvers Alerts notified the crypto community about the occurrence, “More than $8M have been drained so far from users and mostly stablecoins! Attacker is...

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Over $35M Laundered from DMM Bitcoin Hack Through Huione Guarantee: Data

Over $35 million in stolen funds from the infamous $305 million DMM Bitcoin hack have been laundered via Huione Guarantee, an online marketplace operated by the Cambodian conglomerate Huione Group. It is interesting to note that this platform is part of a company linked to the Cambodian ruling family and has emerged as a significant hub for illicit funds in Southeast Asia, frequently utilized by criminal organizations, including pig butchering gangs. DMM Hack Funds Through...

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Bull or Bear Phase? CryptoQuant Says Bitcoin Is at a Pivotal Point

Bitcoin (BTC) is currently at a critical point that could determine whether its price will bottom out or decline further in a correction like that seen in the summer of 2021. While some metrics suggest that the leading crypto asset has reached the bottom of its latest correction, others signal that there could be more bloodshed and pain for market participants. Bitcoin at Pivotal Point CryptoQuant’s latest weekly crypto report says bitcoin’s price may take a little longer to...

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