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Cypher Protocol Developer Confesses to Stealing $300,000 in User Funds and Gambling Away

Cypher Protocol Developer Confesses to Stealing $300,000 in User Funds and Gambling Away

Last updated: May 15, 2024 08:26 EDT | 2 min read A pseudonymous developer at Solana-based Cypher Protocol has confessed to stealing approximately $300,000 worth of user funds and gambling them away. In a public statement shared on May 14, the developer, known as Hoak, said it stole approximately $300,000 worth of user funds from […]

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DeFi Protocol Gamma Strategies Discloses Vulnerability After Preliminary Investigation

DeFi Protocol Gamma Strategies Discloses Vulnerability After Preliminary Investigation

Gamma Strategies – a DeFi protocol built on the Ethereum blockchain – fell victim to an exploit, resulting in a loss of approximately $3.4 million. In response to the attack, the protocol swiftly implemented measures to prevent further losses, temporarily disabling deposits to all public DeFi vaults while keeping withdrawals active for users in need

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Is It Too Late to Buy Mina Protocol? MINA Price Jumps 8% as New Mining Protocol Receives $7 Million in Funding

Is It Too Late to Buy Mina Protocol? MINA Price Jumps 8% as New Mining Protocol Receives $7 Million in Funding

While the MINA price has been rallying since December 19, Bitcoin Minetrix presale has surpassed expectations, reaching $7.1 million in crypto presale round. Image by Kerem Goktug Kaya, DALL-E 3. Mina Foundation‘s MINA has been performing well since December 19, which can be attributed to a series of fundamental developments that have bolstered investor confidence

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Is it Too Late to Buy Near Protocol? Near Price is Up 20% as Meme Kombat Smashes $4M Raised

Is it Too Late to Buy Near Protocol? Near Price is Up 20% as Meme Kombat Smashes $4M Raised

As Near Protocol undertakes a huge +20% NEAR price surge, traders are asking ‘is it too late to buy Near Protocol?’. The big NEAR price move comes amid heightened activity and growth across Near Protocol. Today @NEARProtocol is #1 in daily active users across all of Web3 – super exciting to see! pic.twitter.com/yK77xjwupK — Illia

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Oyster Protocol Founder Receives Four-Year Sentence for Tax Evasion

Oyster Protocol Founder Receives Four-Year Sentence for Tax Evasion

Amir Bruno Elmaani, famously known in the cryptocurrency world as “Bruno Block” and the founder of the Oyster Protocol has been sentenced to four years in prison for tax offenses amounting to over $5.5 million. The United States Attorney for the Southern District of New York, Damian Williams, announced the verdict, highlighting the severity of

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DeFi Protocol SafeMoon Still Running Despite Securities Violations

DeFi Protocol SafeMoon Still Running Despite Securities Violations

Source: SafeMoon Website Decentralized finance (DeFi) protocol SafeMoon has addressed the recent litigation by the United States Securities and Exchange Commission (SEC), expressing its intent to seek a resolution. We are reviewing the recent news and we of course take these issues extremely seriously. As we receive more information, we will do our best to

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DeFi Protocol Platypus Finance Hacked for Over $2 Million on Avalanche – Here’s What Happened

DeFi Protocol Platypus Finance Hacked for Over $2 Million on Avalanche – Here’s What Happened

Source: Adobe / Roman Samokhin Decentralized finance (DeFi) protocol Platypus Finance has fallen victim to a security breach resulting in the loss of over $2 million. In a recent blog post on X (formerly Twitter), security firm PeckShield noted that the Avalanche-based project has been exploited. Following the alert, Platypus Finance confirmed that there had been suspicious activities in

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