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The firm behind stablecoin Tether (USDT) has invested an undisclosed amount into German-based crypto miner Northern Data Group in a move backing artificial intelligence (AI) initiatives.In a Sept. 21 blog post, Tether said the strategic investment into Northern Data through Tether group company Damoon was intended to demonstrate “its determination
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The hackers behind cryptocurrency casino Stake’s $41 million hack have shifted another $328,000 million worth of Polygon (MATIC) and Binance Coin (BNB) tokens — its latest moves following the Sept. 4 exploit, according to blockchain security firm CertiK.The most recent transfer involved 300 BNB tokens worth about $61,500 to an externally
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This week, FTX initiated creditor settlement initiatives, as regulatory efforts commanded significant attention. Meanwhile, Stake fell victim to a multi-million-dollar exploit. FTX moving to settle creditor debt As part of a calculated aim to tackle its sizable debt exceeding $8 billion, FTX started streamlining its digital asset portfolio this week. Their approach entails
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Despite looting $41 million in cryptos, Stake co-founder Ed Craven said the hackers did not compromise private user info or access customer funds during the attack. Edward Craven, co-founder of crypto casino Stake, published preliminary findings from a Sept. 4 incident that the Federal Bureau of Investigation (FBI) says was masterminded
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In a Sep. 6 press release, the Federal Bureau of Investigation (FBI) said North Korea-backed hacker group Lazarus was behind the attack on crypto casino, Stake. Stake reported unauthorized transactions from some of its hot wallets on Sep. 4. Withdrawals and deposits were halted then later resumed, but not before hackers
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Crypto betting platform Stake has reopened deposits and withdrawals and resumed services for users only five hours after the platform was hacked to the tune of $41.3 million, blockchain security firms estimate.Stake confirmed that all services resumed at 9:28pm UTC time on Sept. 4 — a few hours after the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Unusual activity has been observed on Stake, a popular crypto-based sports betting and casino platform. Initially flagged by Cyvers Alerts on X, the AI-powered system detected “multiple suspicious transactions” linked to Stake. Transactions totaling roughly $16
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Cryptocurrency and stock trading platform Robinhood has announced the purchase of more than 55 million shares of the firm previously held by former FTX CEO Sam Bankman-Fried, also known as SBF.According to an Aug. 31 blog post, Robinhood completed a purchase of 55,273,469 shares for roughly $606 million following a
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The USD Coin (USDC) market cap is currently at a two-year low, with analysts saying it’s yet to fully recover after depegging earlier in the year. Data from CoinGecko shows that USDC has a market value just
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