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Fantom Secures Court Order Against Multichain to Recoup Lost Assets from Exploit

The Fantom Foundation reported that the Singapore High Court instructed Multichain to compensate it. Fantom plans to seek liquidation through the court to retrieve community assets, which include around $65 million in stablecoins that are currently frozen. Following the latest legal triumph, the platform anticipates the Singaporean court to designate a liquidator to evaluate the damages suffered due to Multichain’s security breach. Fantom Foundation Pushes for Multichain...

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FTX and Alameda Research Move $10.8M in Cryptocurrencies to Binance, Coinbase, Wintermute

These asset shifts have also been constantly noticed ever since FTX filed for bankruptcy, leaving many to speculate about the rationale behind the moves. According to a recent tweet by Spot on Chain, crypto accounts linked to the collapsed crypto exchange FTX and its sister trading firm Alameda Research executed over $10 million worth of token transfers across six currencies within a 12-hour span. These movements involve a part of the remaining digital assets still controlled by FTX...

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Hackers Drain Fantom Foundation Wallets For $7 Million

The Fantom Foundation has been drained of hundreds of millions of dollars from its crypto wallets by a phishing scammer, according to blockchain security firm CertiK. Fantom is a smart contract and Dapp platform focused on enhanced speed, making transactions more efficient than other layer-one blockchains like Ethereum. Tuesday’s hack affects only the Fantom Foundation – not the blockchain itself. Fantom Loses $7 Million The foundation, which oversees development for the...

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Fantom Launches Gas Monetization Feature with Incentives for Developers

The gas monetization functionality encourages a more inclusive and robust developer ecosystem on the Fantom platform. Blockchain protocol Fantom (FTM) announced on Twitter that it has released a gas monetization feature that will enable its developers to receive 15% of the gas commissions generated. With this groundbreaking development, Fantom is set to revolutionize the landscape of decentralized application (dApp) development and incentivize developers to build innovative solutions on...

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Crypto Price Analysis Feb-3: ETH, XRP, ADA, MATIC, and FTM

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Fantom. Ethereum (ETH) Ethereum, the second-largest cryptocurrency, continued to consolidate this week. The price only registered a 2.9% increase. This is because ETH is stuck in a channel between $1,670 and $1,550.  All attempts to break these levels were rejected in the past two weeks. While some altcoins were booking double digits gains (see Fantom below), Ethereum appears to be on a pause. This...

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Bitcoin-Frage: Welche Blockchain wird am meisten genutzt?

Unter allen Blockchains ist die BNB Chain aufgrund ihrer niedrigen Transaktionskosten derzeit immer noch die meistgenutzte Blockchain in Bezug auf Transaktionen und einzigartige Wallet-Adressen. Unter allen Blockchains ist die BNB Chain aufgrund ihrer niedrigen Transaktionskosten derzeit immer noch die meistgenutzte Blockchain in Bezug auf Transaktionen und einzigartige Wallet-Adressen. Die dortigen täglichen Transaktionen übertreffen auch die auf...

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Andre Cronje on What’s it Like to be a Crypto Company

Andre Cronje – the so-called “Vice President of Memes” for the Fantom Foundation – provided an insider’s view into how the company has remained cash-flow positive across the past 4 years.  The developer noted that the foundation would “likely not be operational today” without decentralized finance (DeFi), and suspects the same is true for other firms.  Scaling Over One Cycle As explained in a blog post from Cronje on Sunday, Fantom ended 2018 with a fairly unprofitable ETH...

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