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 …
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Aave DAO has received a proposal to integrate Coinbase’s upcoming Bitcoin wrapper, cbBTC, into its V3 platform on the Ethereum mainnet and Base. In a Sept. 10 post, Aave’s founder, Stani Kulechov, explained that the proposal aimed to position Aave as the preferred platform for launching Tier-1 assets. Proposal details …
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Tether, Tron, and TRM Labs Unite to Combat Criminal USDT Activity with New Task Force
by Elena Rby Elena RTron, Tether and the blockchain intelligence firm, TRM Labs, appears in the T3 Financial Crime Unit (T3 FCU) that aims to address an increased rate of criminal activities associated with the USDT in the TRON ecosystem. The task force will target criminal use of the USDT, Tether for scams, frauds …
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Indonesian crypto exchange Indodax has reportedly suffered a $20.5 million exploit, according to blockchain security firm Cyvers. The losses were spread across multiple chains, including a $1.4 million loss in Bitcoin and a $5 million theft on the TRON and Polygon networks. Other impacted blockchains were Optimism and Ethereum, which …
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Indodax was hacked with over $22 million worth of various tokens stolen. The exchange confirmed the security breach by pausing platform operations for “maintenance.” However, there were indications of compromised social media activities, such as a suspicious giveaway announced on Instagram, suggesting further security issues. Indonesia-based crypto exchange Indodax was …
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IndoDax, Indonesia’s biggest crypto exchange has been hacked, and its losses include $20 million worth of digital coins. The breach which happened approximately 9hrs before the bots discovery was reported by Web3 security firm Cyvers to several blockchain networks concerning the occurrence of suspicious transactions. The hacker was able to …
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The approval of both spot Bitcoin and Ethereum ETFs in the United States was hailed as a major turning point for the mainstream adoption of digital assets and web3 space. However, a few months down the line it is evident that Wall Street funds are more interested in Bitcoin than …
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With growing market interest in Telegram-based projects, DOGS has quickly gained popularity, becoming one of the most talked-about assets in the meme coin space. Data from Tonveiwer shows that over five million wallets now hold DOGS on TON blockchain. This impressive number was reached just two weeks after launch. To …
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This initiative, known as the T3 Financial Crime Unit (T3 FCU), marks a pioneering public-private collaboration focused on addressing illicit activities associated with the use of USDT on the TRON blockchain. Unite to Combat USDT Crimes A 2023 report from TRM Labs revealed that the Tron blockchain accounted for nearly …
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Tether is teaming up with TRM Labs and TRON to form a “T3 Financial Crime Unit” to combat the illicit use of its USDT stablecoin on the TRON blockchain, according to a Sept. 10 statement shared with CryptoSlate. Over the past year, global authorities have raised alarms about the illegal …