KyberSwap, a prominent multi-chain decentralized exchange (DEX) aggregator, is in discussions with the hacker responsible for the recent $50 million attack. The platform is proposing a 10% bounty, equivalent to the funds taken from users, in exchange for the safe return of all the stolen assets. KyberSwap Attack Details The hack, executed on November 23 through a smart contract reentrancy […]

The saga of Terraform Labs co-founder Do Kwon continues to unfold, with a court in Montenegro approving his extradition to either South Korea or the United States. The High Court of Podgorica has determined the legal requirements for Kwon’s extradition, according to an official statement posted on the court’s website on Nov. 24. As the court approved Kwon’s extradition to […]

As crypto community members celebrated Thanksgiving, many expressed gratitude for the progress made in the digital asset space over the years.  From comparing price points for Bitcoin (BTC) and Ether (ETH) in 2022 to sharing their Thanksgiving conversations about BTC, crypto users exchanged their musings on X (formerly Twitter) for the holiday. Animoca Brands executive chairman Yat Siu reminded his […]

Do Kwon, the founder of Terraform Labs, has been approved for extradition to either South Korea or the United States by a court in Montenegro following his arrest and four-month prison sentence for document forgery. Kwon is facing multiple charges of fraud in the US and ongoing investigations in South Korea and the US related to the collapse of TerraUSD […]

A group of businesses and tech companies have issued a joint letter to European Union regulators warning against over-policing powerful artificial intelligence (AI) systems at the expense of innovation.  The letter, which was sent on Nov. 23 and undersigned by 33 companies working in the EU, stresses that too-stringent regulations for foundation models like OpenAI’s ChatGPT and general-purpose AI (GPAI) could […]

Ethereum, a leading cryptocurrency, is currently in significant upheaval, with its price breaking key resistance levels. Recently, Ethereum surpassed the $2,000 mark and broke the $2,050 resistance, outshining Bitcoin in the process. However, the bulls faced resistance at the $2,080 and $2,090 levels. Amidst this financial turbulence, a heated controversy has emerged centered around Steven Nerayoff, a former Ethereum advisor. […]

The recent guilty plea by Binance and its founder, Changpeng Zhao, to US anti-money-laundering laws may pose challenges for the cryptocurrency exchange’s plans to obtain a legitimate foothold in Hong Kong. Binance, which is facing mounting regulatory troubles in the US, has set up a separate crypto exchange in Hong Kong named HKVAEX to pursue a license in the city. […]

The crypto trading days of former FTX CEO Sam Bankman-Fried are over, and the recently convicted founder has found a new thing to trade while in jail — fish.  The Wall Street Journal reported on Nov. 23 that Bankman-Fried recently traded four packets of Mackerel — known in prison as “macks” — for a haircut before his criminal trial last […]

Tron founder Justin Sun’s crypto businesses have come under repeated attack from hackers over the past two months, with at least four hacks of the largest exploits targeting platforms related to the crypto entrepreneur. Sun’s HTX crypto exchange has been hacked at least twice since the platform rebranded from Huobi on Sept. 13, 2023. The first HTX hack occurred just […]