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BingX’s hot wallet was hacked resulting in the theft of $43 million in cryptocurrencies Funds stolen included ETH, BNB, USDT, and over 300 other coins and tokens On-chain data shows the attacker quickly swapped most of the assets for Ethereum and BNB BingX has been hacked, with the security breach resulting in the draining of […]
The company has, however, received a fair amount of scrutiny over the years for its opaque reserve management, having at one point risky backing assets like Chinese commercial paper and credit to now-bankrupt crypto lender Celsius, and a lack of independent audits – a deeper financial analysis than attestations. It now says it is backed […]
When published, the story included several paragraphs on Harborne and AML. On Feb. 21, 2024, a week before the lawsuit was filed, an editor’s note was added: “A previous version of this article included a section regarding Christopher Harborne and AML Global, which applied for an account at Signature Bank. The section has been removed […]
Ethena offers a 27% annualized reward to holders of its USDe stablecoins, a yield mostly generated by shorting ether futures. Source link
Another groundbreaking approach is stablecoins tied to a basket of cryptocurrencies, like DAI and wrapped bitcoin, offer stability while capturing the potential upside of the digital asset market. These diversified stablecoins mitigate single-currency risk and provide exposure to a broader spectrum of cryptocurrencies, reducing volatility and enhancing portfolio resilience. The emergence of stablecoins beyond USD […]
The report by the UN Office on Drugs and Crime (UNODC) said that “Online gambling platforms, and especially those that are operating illegally, have emerged as among the most popular vehicles for cryptocurrency-based money launderers, particularly for those using Tether or USDT on the TRON blockchain” in the region. Source link