After being robbed of $26 million in crypto earlier this month, trading firm Kronos Research is reaching out to their hacker to negotiate. The company has offered to drop all legal charges if the hacker returns 90% of the stolen funds, leaving him ~$2.5 million to keep. Kronos made its offer through an Ethereum transaction […]
Kronos Research Offers 10% Bounty Following $26 Million Hack Read More »
Stablecoins. Source: Adobe / Grispb Fiat-backed stablecoins are “not a safe store of value,” according to a new research report from the Bank for International Settlements (BIS). According to the report, the BIS found that from January 2019 to September 2023, fiat-backed stablecoins were able to maintain their peg ratio only 94% of the time,
BIS Research Report: Stablecoins Not Secure as Store of Value Read More »
Conor Grogan, a director at Coinbase, recently took to X to point out that on-chain data reveals that Alameda Research minted 39.55 billion USDT tokens. This figure represents 47% of the current circulating supply of Tether. Alameda Research’s Role in USDT Minting In a recent revelation, Conor Grogan took to social media to share insights
Source: AdobeStock / Rafael Henrique Former Alameda Research software engineer Aditya Baradwaj has exposed several security flaws that reportedly caused the FTX’s sister hedge fund at least a staggering $200 million. In a series of posts on X (Twitter), titled ‘The Hacks,’ the whistleblower revealed, “poor security practices at Alameda Research caused the company to
