Crypto security firm mistakenly shares drainer link to ‘help’ Radiant hack victims
Ancilia accidentally shared a link to a wallet drainer in its attempt to help victims of the $52 million hack on blockchain lending protocol Radiant Capital.
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US Homeland Security returns $314K from 2016 Bitfinex hack
The funds were seized by U.S. Customs and Border Protection. Recovery efforts for the remaining funds are ongoing. Via a July 6 announcement, cryptocurrency exchange Bitfinex says it has received $312,219.71 in cash and 6.917 in Bitcoin Cash (BCH) from the United States Department of Homeland Security. The seizure was conducted in cooperation with U.S.…

Traditional Stock Market Valuation Techniques Reveal Overvalued DeFi Projects
While it is difficult to define the intrinsic value of most cryptocurrencies, decentralized finance, or DeFi, tokens appear to be an important exception.As explained by Lucas Campbell, analyst at Fitzner Blockchain Consulting, in his Bankless blog entry, many decentralized finance protocols can be considered products with well-defined revenue streams.For example, Maker (MKR) makes money through…

BTC Miners Expect Bitcoin Price to Surpass $12K After Reward Halving
Miners have sold less Bitcoin (BTC) over the past seven days as the highly anticipated block reward halving approaches. This means that miners expect the price of Bitcoin to increase substantially over time after the halving occurs.The Bitcoin halving, which is set to occur on Tuesday, occurs approximately every four years. When triggered, it decreases…

Darknet Market to Permanently Ban Vendors Preying on COVID-19 Fears
Dark web marketplace, Monopoly Market, has taken a stand against scammers claiming to sell cures and treatments for COVID-19 on its platform.On other darknet platforms, listings are rife with coronavirus keywords — with vendors selling everything from narcotic cocktails marketed as ‘coronavirus vaccines,’ to coronavirus-infected blood and saliva.Monopoly Market to ban vendors using coronavirus as…

BTC miner CleanSpark scoops up thousands of miners amid ‘distressed markets’
CleanSpark bought over 3,800 mining machines at $15.50 per terahash – far below the current market price of $22.94 and an 85.4% discount from the all-time high costs of $106.62 in Dec. 2021. 307 Total views 4 Total shares Sustainability-focused Bitcoin (BTC) mining company CleanSpark has snapped up another 3,843 cryptocurrency miners amid a backdrop…

Ethereum breaks away: Several factors power ETH all-time high push
After a recent slump across cryptocurrency markets, Ether has surged to new all-time highs off the back of a number of important events and metrics. Overall, 2021 promises to be a crucial year for the Ethereum blockchain as developers continue to work toward the network’s integration with Eth2, which will see the blockchain part ways…

QuadrigaCX Wallet Have Been Empty, Unused Since April 2018, Ernst and Young Finds
Big Four audit firm Ernst & Young (EY) released its “Third Report of the Monitor” in the creditor protection proceedings of Canadian crypto exchange QuadrigaCX on March 1.Within the report, the audit firm has identified six separate crypto wallets that were used primarily to store Bitcoin (BTC), the cryptocurrency most used on the platform. Apart…

Another week of DeFi hacks, but ZK-proof development heats up: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi was dominated by exploits and hacks, with three DeFi platforms losing nearly $39 million. Alphapo’s hot wallets were exploited for over $32 million,…