Blockchain investigator ZachXBT revealed this development in an X post on September 14. Lazarus Group Hit by $5 Million in Stablecoin Freeze ZachXBT reported that stablecoin issuers Tether, Circle, Paxos, and Techteryx blacklisted two addresses containing $4.96 million in assets. However, these wallets still hold $720,000 in DAI and $313,000…
America’s biggest crypto exchange Coinbase has launched its wrapped Bitcoin token—first teased in August—at a time when the leading version of the token is stirring lots of controversy in the fast-moving space. The idea with the new token—called Coinbase Wrapped BTC, or cbBTC—is that traders can use their Bitcoin on…
According to data from DeFiLlama, this marks a 42.86% increase from the $119.1 billion market capitalization in November 2023. Analyst Explains How Rising Stablecoin Supply is Bullish For Bitcoin Driving this resurgence are the top three USD-pegged stablecoins – Tether (USDT), with a market cap of $118.43 billion; USD Coin…
The funds, linked to the July hack of crypto exchange WazirX, were moved early Monday, September 9, by a North Korean hacking group to Tornado Cash, a service known for anonymizing crypto transactions. Ethereum Price Plunge Feared After Big Transfers Data tracked by blockchain intelligence firm Arkham revealed that 5,000…
The person behind 2023’s Euler Finance hack has congratulated the Penpie exploiter after the latter moved the bulk of the funds they stole to Tornado Cash. The Penpie thief transferred the money even as the decentralized finance (DeFi) platform pleaded for the funds to be returned in exchange for a…
Sky, the DeFi protocol formerly known as MakerDAO, is under pressure from its community after co-founder Rune Christensen confirmed last month the protocol’s upcoming USDS stablecoin could feature a freeze function sometime in the future. Although the function will not be enabled at launch on Sept. 18, the idea of…
Stablecoins continue to expand in value, with a current market capitalization surpassing $170 billion. Tether’s USDT remains the dominant player in this sector. In a Thursday post, DWF Labs managing partner Andrei Grachev announced the finalization of the firm’s synthetic collateralized stablecoin design. Grachev highlighted its ability to generate significant…
The attacker stole various tokens, including staked Ethereum (ETH), Ethena’s sUSDE, and wrapped USDC. The funds were later converted to ETH using the Li.Fi protocol and moved to a new address. $27 Million Stolen in Penpie Hack Blockchain security firm Cyvers reported the incident, detecting suspicious activity involving Penpie’s contract. Based on…
In a recent X post, the XRP community figure, Mickle has sparked a debate over the volatility of crypto assets like XRP and their day-to-day payment transactions, citing remarks from Ripple’s CTO, David Schwartz. Schwartz in his remarks discussed the possibility of cryptocurrencies becoming more stable as they witness greater…
This proposal comes as the sustainability of DeFi has recently become a topic of concern, with key industry leaders addressing potential challenges to the sector’s long-term viability. Aave network founder Stani Kulechov and MakerDAO co-founder Rune Christensen have proposed a DeFi alliance to promote broader adoption and bridge the gap…