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The Ethereum Foundation, created by the blockchain’s famous founder, Vitalik Buterin, and set up to support development of the network, boasts a workforce of roughly 150 people, according to the slide presentation. Most of the focus is on constant programming upgrades, growth initiatives, sponsoring developer conferences and providing grants. Original Source
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Security firm PeckShield says the exploiter has transferred the stolen funds to the MEXC crypto exchange. Multichain stableswap protocol Beluga has become the latest victim in a number of cyber attacks against decentralized finance (defi) projects. According to PeckShield, the protocol has been exploited on Arbitrum, losing a total of 113 ETH
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“Of the 4,536 Bitcoins converted from ether at RenBridge, 2,849 BTC was sent through mixers, predominantly a service called ChipMixer,” Ellipic said. “Tracing these assets becomes more challenging, however at least $4 million was transferred to exchanges, where it may have been cashed out.” Source
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Bitfinex’s parent company, iFinex, has proposed buying back $150 million worth of the company’s shares from users who were offered them as compensation for the $71 million hack on the Bitfinex crypto exchange in 2016, according to Bloomberg.IFinex revealed its plans to buy back the shares in a shareholder letter dated
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The proposal outlines a deal that encompasses roughly 9% of iFinex’s outstanding capital and assigns a value of $1.7 billion to the company. As per the latest report, the parent firm of the Bitfinex exchange – iFinex Inc – has started exploring a $150 million share buyback, as per the letter
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Galxe is making users whole by 110% if they lost funds in a recent hack, the firm announced on Oct. 10. “We want to express our deepest gratitude to those who are standing by us during this difficult time,” the company said.Users’ funds will be automatically returned on Oct. 16
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Executives scrambled to move over $1 billion worth of various assets to different storage devices as the exchange was getting drained of funds, ultimately managing to save the majority of the money. This means a majority of the exchange’s entire balance was at risk of getting stolen, as per the
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Kumanan Ramanathan who worked for a legal firm consulting for Sam Bankman-Fried’s crypto exchange was able to safeguard up to $500 million of customer funds on the day hackers attacked FTX. Amid bizarre transactions out of FTX wallets on Nov. 11, Zach Dexter, chief executive of FTX subsidiary LedgerX rallied former
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The exchange has already received the funds back. The hacker received a 5% white-hat incentive, or a remuneration of 250 ETH for restoring the funds, as well as a job offer to work as a white-hat security adviser. Huobi Global‘s HTX crypto exchange has confirmed a refund of the funds stolen in
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The newest viral application launched nearly a week ago and quickly gained a cult following. Original Source
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