Tag Archives: News

Binance recovered over $73 million in user funds in 2024, surpassing 2023’s total. Most recoveries stem from external hacks, showcasing Binance’s proactive security efforts. Binance revealed the successful recovery and freezing of approximately $73 million in customer assets from external hacks between January 1 and July 31, 2024. This represents a huge increase over the $55 million collected throughout 2023. Binance’s proactive actions and coordination with industry participants and the...

Samsung and Illuvium join forces to bring the Illuvium universe to life on Samsung Web3 TVs. The GEN3RATOR campaign will further merge Samsung and Illuvium communities, featuring exclusive NFTs. Samsung has announced a groundbreaking collaboration with ‘Illuvium, a top Web3 game developer, to improve the Web3 television experience. Samsung’s Web3 TVs will incorporate Illuvium’s NFTs, allowing users to display in-game assets like weapons, Illuvials, and suits directly on their TV screens,...

Brazil’s Securities and Exchange Commission, or the Comissão de Valores Mobiliários (CVM), has approved SOL Exchange Traded Funds (ETFs). The issuance will occur after Brazil’s stock market, B3, approves it, which is the next and final step in the process. This fund will be one of the only few SOL ETFs in issuance worldwide at the moment. The first was the product offered by 21Shares, ASOL, on Switzerland’s SIX exchange in 2021. Others include CoinShares’ Physical Solana and ETC Group’s...

New York Judge Peter Castel of the US District Court ordered the defunct crypto exchange FTX and sister firm, market maker Alameda Research, to reimburse defrauded creditors by $12.7 billion. The suit was brought by the Commodities and Futures Trading Commission (CFTC) on December 21, 2022, and finally concluded on August 8, providing respite to those who lost their funds during the FTX collapse. The court found that “the FTX Entity Defendants commingled assets and freely used assets...

Jump Trading’s crypto vertical Jump Crypto unstaked and sold another 11,501 ETH worth $29 million, leaving it with another $63 million to sell. Out of the $63 million, it has already unstaked $48 million of ETH in preparations to sell. The market maker was heavily called out for unstaking and moving its ETH to exchanges over the past weekend as crypto prices dropped tremendously due to macroeconomic factors. Such large amounts sold by those with significant holdings add tremendous selling...

The Montenegro Supreme Court has halted the extradition process of Do Kwon to South Korea. This decision came after the Supreme State Prosecutor’s Office appealed a previous court ruling that approved his extradition. The suspension will stop the proceedings while the Supreme Court reviews the case. The extradition case is complex, and there are many legal loopholes present in the case. Several decisions relate to the extradition of Do Kwon to the United States and South Korea. The...

Nexera, a DeFi protocol, was hacked for $1.5 million on August 7, according to blockchain security firm Cyvers. It revealed the exploit in an X post, “Hey @Nexera_Official, Our system has detected a suspicious transaction involving your proxy contract. An address took ownership of your proxy contract and upgraded it. Shortly after, the address used the withdraw admin function to transfer all the $NXRA tokens.” The protocol connects DeFi with traditional finance, enabling the tokenizing of...

BTC tumbled to the $49,000 mark over the last weekend as its price was severely affected by Japan’s Nikkei taking a bloodbath. US stocks also took a massive beating in the process. BTC has since recovered to some degree, trading over $56,000 at the beginning of the week and eventually reclaiming the $60,000 mark. Through this undesirable scenario, Bitcoin whales, or wallets holding over 1,000 BTC, pushed through without selling. In fact, wallets holding between 1,000 and 10,000 BTC remained...

Popular gaming-related blockchain Ronin, the home to massive titles like Axie Infinity, was exploited on Tuesday, August 6. Onlookers assumed that a hacker made away with 3,996 ETH worth $9.8 million locked in the blockchain. Blockchain security company PeckShield took to X to provide some good news about the exploit. It stated that the exploit may have been executed by a white hat hacker. Its post read, “#PeckShieldAlert @Ronin_Network #whitehacked? or Hacked? (w/ ~ $9.33M).” White hat...

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