Category: Latest news
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New Free DAO crashes 99% after $1.25M flash loan attack
[ad_1] A flash loan attack launched against New Free DAO (NFD) has drained $1.25 million from the protocol and caused its token price to crash by 99%. Blockchain security firm Certik raised an alarm about the attack via Twitter on Sept. 8. The attacker manipulated NFD’s “addMember()” function to add himself as a member, which…
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Celsius borrowers oppose US Trustee’s move to appoint internal examiner
[ad_1] McCarter & English, a law firm representing four Celsius borrowers, has filed a motion asking for the appointment of a chapter 11 Trustee instead of an internal examiner from the U.S. Trustee’s office. The U.S. Trustee’s office had on Aug. 18 petitioned the court overseeing the bankruptcy process to appoint an independent examiner. In…
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Chainalysis helps US government seize $30M linked to Axie Infinity hack
[ad_1] Chainalysis revealed that it helped the US government seize over $30 million from North Korea-linked hackers of the Axie Infinity’s (AXS) Ronin Bridge. 2/ With the help of law enforcement & leading orgs in the #crypto industry, more than $30M worth of #crypto stolen by North Korean-linked hackers has been seized. In this thread,…
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Cryptocurrencies at risk as new UK Prime Minister contends with economic challenges
[ad_1] On September 5, Liz Truss was officially declared Britain’s new Prime Minister (PM) after almost three months of campaigning. The determining round was decided by a party member vote, in which Truss beat rival Rishi Sunak 57.4% to 42.6%. The next day’s front pages were littered with images of Truss beaming with victory. However,…