In a fascinating turn of events, a crypto user known as Michael recently enlisted the help of cybersecurity researchers Joe Grand and Bruno to recover 43.6 bitcoins that he had lost access to 11 years ago. The process involved hacking time and reverse engineering the password generator used to create the password for the wallet
Crypto
The cryptocurrency sector faced significant setbacks in May 2024, with blockchain security firm CertiK reporting a loss of $42.6 million to various incidents such as exploits, flash loans, and exit scams. Flash loan attacks, in particular, caused the largest losses in the crypto sector, totaling approximately $20.7 million. Sonne Finance and TLN Protocol were among
Mastercard has recently introduced its new Mastercard Crypto Credential, which aims to revolutionize blockchain transfers by simplifying the process and enhancing security measures. This new feature allows users on popular exchanges such as Bit2Me, Lirium, and Mercado Bitcoin to utilize easy-to-remember aliases instead of complicated blockchain addresses. The launch of Mastercard Crypto Credential is a
In the current year, the XRP Ledger (XRPL) has experienced a significant surge in network activity alongside the broader market recovery. According to the latest report from Messari, active addresses on the XRPL increased by 37% quarter-over-quarter (QoQ), while transactions saw a substantial increase of 113% QoQ. This surge in activity can be attributed to
The recent hack on the Japanese cryptocurrency trading platform DMM Bitcoin has raised serious concerns within the crypto community. The platform lost around $305 million worth of Bitcoin due to the breach, resulting in the loss of 4,502.9 bitcoins. While DMM Bitcoin has reassured its customers that it is investigating the incident and implementing measures
The recent ruling by the U.S. District Court for the District of Utah saw the dismissal of the Securities and Exchange Commission’s (SEC) case against Digital Licensing, operating as Debt Box. The judge also ordered the SEC to pay around $1.8 million in attorney and receivership fees. Debt Box confirmed the dismissal in a post
In recent times, there has been a surge in the launch of meme coins, many of which come with questionable ties. Lookonchain’s data sheds light on the risks associated with trading meme coins, especially those backed by celebrities. The latest instance involves American celebrity Caitlyn Jenner’s JENNER token, introduced on the Solana blockchain. Despite concerns
Blockchain analysis firm Nansen recently revealed that DBS Bank, a prominent banking institution in Singapore, has garnered attention in the cryptocurrency space as a significant player. The bank is said to own a crypto wallet containing 173,753 Ether (ETH), valued at approximately $650 million. This revelation has sparked interest in the crypto community, prompting discussions
Gemini’s recent announcement regarding the successful recovery of its customers’ digital assets has set a new standard in the cryptocurrency industry. The crypto exchange, which was founded by the Winklevoss twins, managed to recover $2.18 billion in digital assets for its Gemini Earn customers. This achievement is being hailed as one of the most successful
Ryan Salame, former co-CEO of FTX Digital Markets, was recently sentenced to 90 months in prison for his involvement in illegal activities. He pleaded guilty to conspiring to make illegal political contributions and defraud the Federal Election Commission, as well as running an unlicensed money-transmitting business. This sentencing was handed down by US District Judge
