The UwU Lend hacker has now stolen a combined $24 million from the protocol across two attacks.
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The investor said they learned about the exchange from a “random friend request on LinkedIn.”
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Shareholders accused Tesla boss Elon Musk of “brazen disloyalty” with his xAI startup that created “billions in AI-related value at a company other than Tesla.”
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The 1 billion HLG tokens were worth $14.4 million at the time of the first mint, Etherscan data shows.
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Demand for Ether from long-term holders rocketed on June 12 as the price fell below $3,500, just before the SEC’s Gary Gensler gave a forecast for spot Ether ETF approval.
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The Taiwan government has made a massive leap toward cryptocurrency market regulation with the launch of the Taiwan Virtual Asset Service Provider Association. So far, it is government-formed and consists of 24 crypto firms in its design for increased scrutiny and self-regulation—firms compliant with anti-money laundering (AML) standards.
The group will be chaired by Titan Cheng of BitoPro and Vice Chair Winston Hsiao of XREX. Group formation, which is also a momentous step for Taiwan, was spotlighted with the presence of Hsiho Huang from the Financial Supervisory Commission, who described the industry as having a pivotal role in the socio-economic development of the state and a need to foster a well-regulated environment for crypto trading platforms. The association’s immediate task is to set self-regulatory guidelines reconciling industry growth and consumer protection with governmental expectations. This serves as an example of efforts to secure a bright cryptocurrency environment in Taiwan, which has always been trying to tighten AML laws.
The Swiss-based bank had ties to the TrueUSD stablecoin issuer, Techteryx, crypto asset manager CoinShares and reportedly Binance.
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OKX blames “coin-stealing hacking gang” for deepfake AI theft of $11M, Zipmex unlicensed, Microvisionchain’s millions in grants: Asia Express
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Solana Labs has launched Bond, a new platform that will let non-crypto brands leverage the power of blockchain tech to engage with customers.
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During the BTC Prague conference organized for Bitcoin, the CEO of Tether, Paolo Ardoino, stressed that Bitcoin’s decentralization is incomparable. He further explained how Bitcoin is that one digital currency that operates without any iota of centralized control but purely by mathematical principles. Unlike its 14,000 other peers, stability was designed into Bitcoin by having a limited supply of 21 million coins and the regular halving of the cycles. “Bitcoin is about certainty. It’s like a clock keeps ticking forever,” said Arduino in his address.
While other cryptos tend to change their protocols and economic models relatively often, Bitcoin’s protocol remains essentially the same. In this way, Ardoino’s comments can be construed to say that Bitcoin has been a bedrock of steadiness in a crypto world where most coins offer far less predictability and reliability, especially meme coins based on internet trends.
Comments from the Tether CEO come at a critical time when the crypto industry is under scrutiny regarding DeFi’s effectiveness. While DeFi envisions decentralizing the financial system, other industrial leaders, such as Samson Mow, believe these platforms will never outpace Bitcoin in total decentralization, an echo being headlined across the community in BTC Prague 2024.