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The Daily: MicroStrategy eyes trillion-dollar valuation in bitcoin bank endgame, Paradigm invests $20 million in Layer 2 project and more

Today's newsletter highlights MicroStrategy's potential bitcoin bank valuation, Paradigm's investment in a Layer 2 blockchain, Arkham's exchange launch, and market implications of China's fiscal stimulus.

theblock.co • 11/10/2024 - 17:40 PM

$35 million worth of tokens drained from a crypto whale in phishing attack

A phishing attack resulted in a crypto whale losing 15,079 fwDETH, worth $35 million, causing a sharp drop in the value of DETH.

theblock.co • 11/10/2024 - 08:38 AM

Revolut prevented $13.5 million in crypto losses for customers via fraud protection measures

Revolut prevented $13.5 million in crypto losses through enhanced security measures and algorithms, highlighting its commitment to fraud protection amid decreasing crypto-crime rates.

theblock.co • 08/10/2024 - 00:01 AM

Over $5 million in crypto stolen from Coinbase users in alleged recent social engineering scheme: ZachXBT

ZachXBT recovers $275,000 in cryptocurrencies for a scammed Coinbase user, revealing $5 million linked to the fraud amid rising crypto scams and theft reports.

theblock.co • 07/10/2024 - 16:22 PM

Ethereum remains whitehat hackers' blockchain of choice, with Polygon, Arbitrum, Optimism and Solana on the rise: Immunefi

Ethereum remains the top choice for crypto whitehat hackers, while Polygon and others gain traction. Key trends and challenges in the ethical hacking ecosystem are highlighted.

theblock.co • 07/10/2024 - 14:05 PM

DeFi protocol Onyx hit with a $3.2 million exploit, marking second attack within a year

Onyx, a DeFi protocol, lost $3.2 million due to exploitation of its smart contract, marking its second major hack in a year.

theblock.co • 27/09/2024 - 15:23 PM

Crypto losses due to hacks and scams fall to $413 million in Q3: Immunefi

In Q3 2023, the crypto industry faced $413 million in losses from hacks and scams, with DeFi targeted more frequently, but CeFi suffering larger monetary losses.

theblock.co • 26/09/2024 - 13:00 PM

WazirX granted four-month moratorium to restructure its liabilities after $230 million hack

Zettai Pte Ltd receives a four-month moratorium from Singapore's High Court to restructure after WazirX's $230 million exploit, addressing user balances and ongoing fund transfers by hackers.

theblock.co • 26/09/2024 - 09:15 AM

Banana Gun promises to refund $3 million stolen from impacted users

Banana Gun will refund 11 users after a $3 million wallet exploit due to a potential vulnerability in its Telegram bot; new security measures implemented.

theblock.co • 25/09/2024 - 09:58 AM

Two suspects charged in $230 million cryptocurrency theft

Two suspects have been charged for stealing over $230 million in cryptocurrencies, following detailed investigations uncovered by blockchain sleuth ZachXBT.

theblock.co • 19/09/2024 - 20:14 PM

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