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A US judge vacated Mango Markets exploiter’s fraud convictions, ruling the DeFi protocol’s permissionless design left no room for misrepresentation. A US federal judge has vacated key fraud and manipulation convictions against Avraham Eisenberg, the trader at the center of the case involving a $110 million exploit of the decentralized exchange Mango Markets. On Friday,…
Sui-based DEX Cetus offered the hacker a $6 million white hat bounty offer as the protocols are trying to recover the stolen $220 million, with $162 million remaining frozen. Cetus is offering a $6 million white hat bounty in an effort to recover $220 million in stolen digital assets, while emergency responses from the Sui…
Ethereum price is down today after it dropped below a key support zone, but multiple analysts remain optimistic about Ether’s upside. Ether’s price fell over 5% to $2,380 on May 19, mirroring similar downward moves across the wider cryptocurrency market. Long liquidations accompanied ETH’s price drop. Below $2,400 could be a buy-the-dip opportunity. Read more…
Authorities in New Zealand arrested 13 people in a $265 million crypto fraud probe, with one Wellington man indicted under US racketeering laws. A man from Wellington, the capital city of New Zealand, has been arrested in connection with an FBI-led investigation into a global cryptocurrency fraud operation that allegedly stole $450 million New Zealand…
The X accounts of ZKsync and Matter Labs were hacked, with attackers apparently aiming to crash the ZK token by falsely claiming US authorities were probing the platform. The X account of the Ethereum layer 2 network ZKsync and its developer Matter Labs were compromised early on May 13, with hackers falsely claiming the network…
An unknown attacker hacked into a moderator’s account and used a bot to share phishing links and steal user funds. Hardware wallet provider Ledger has confirmed its Discord server is secure again after an attacker compromised a moderator’s account to post scam links on May 11 to trick users into revealing their seed phrases on…
The vote will close in several days, and an investigation into the cybersecurity compromise is ongoing, according to Lido DAO members. The Lido Decentralized Autonomous Organization (DAO), the entity that governs the Lido liquid staking protocol, has initiated an emergency vote to rotate a compromised oracle — a bridge that connects real-world data to blockchain…
A critical exploit has drained $2.15 million in MBU tokens from Mobius smart contracts on BNB Chain. Hackers drained over $2.15 million from Mobius Token ($MBU) smart contracts on the BNB Chain in a targeted exploit detected early May 11, according to security firm Cyvers Alerts. The attacker deployed the contract from address 0xb32a53… at…
As crypto market manipulation evolves, highly organized networks coordinate sophisticated schemes across exchanges, threatening market integrity. Collective vigilance and data sharing can protect the ecosystem. Opinion by: Tracy Jin, Chief Operating Officer, MEXC Market manipulation is everywhere and yet nowhere to be seen. It is an invisible threat affecting crypto and traditional markets, leaving ordinary…
Bitcoin is set to reach gold’s market capitalization by 2029, thanks to “structural” ETF inflows and growing governmental adoption, as tariff concerns ease. The cryptocurrency market continued its recovery in the past week as the total crypto market capitalization breached the $3 trillion mark for the first time since the beginning of March. Bitcoin (BTC)…