Raydium is attacked, loses $2M

Solana-based decentralized finance protocol Raydium has suffered an exploit, according to a statement from the developer. An initial investigation by the team revealed that the attacker took over the exchange’s owner account. The team said that “authority” over the automated market maker and farm programs has been paused “for now.” An exploit on Raydium is …

Raydium Hacker Swaps $2.5 million in Stolen Crypto From Solana To Ethereum

Summary: An exploiter stole around $2.5 million in cryptocurrencies from Solana-based decentralized exchange Raydium. The team confirmed that a hacker withdrew liquidity pool tokens from its admin wallet on Friday. The hacker swapped the stolen digital assets from Solana to Ethereum, per on-chain sleuth ZachXBT.  Solana-based decentralized exchange Raydium was exploited on Friday for around …

Shaq becomes latest celebrity to distance himself from FTX, crypto

Former NBA player Shaquille O’Neal is the latest celebrity influencer to turn his back on disgraced crypto exchange FTX. In June, FTX tweeted details of an endorsement with O’Neal, referring to the four-time NBA Championship winner as Shaqtoshi. The accompanying advert depicted O’Neal wearing a Sam Bankman-Fried wig and talking about being an everyday guy …

BNB Chain announces its first Asia-based hackathon

BNB Chain announced it is holding its first Hackathon in South Korea between Dec. 17 and 19. The event is a joint effort between BNB Chain, DWF Labs, and CertiK. BNB Chain’s Head of Marketing, Stephen Milton, commented on the company’s first Hackathon and said: “Blockchain games and NFTs will be significant components of Web3, and …

What to expect from FTX’s second bankruptcy hearing today; LedgerX sale, doxing creditors, custody of funds

It has been a long week for the FTX empire as its founder Sam Bankman-Fried was imprisoned in the Bahamas and set to face trial in the United States for money laundering and wired fraud charges from the SEC, CFTC, and SDNY.  The failed crypto exchange FTX is set to hold its second hearing before …

MITH token plummets 20% as CZ responds to Mithril’s request for return of 200k BNB deposit

Mithril requests return of BNB deposit from Binance; CZ responds, cites confidentiality, and low MITH token price. 1 min read Updated: December 16, 2022 at 1:17 pm Cover art/illustration via CryptoSlate Mithril tweeted on Dec. 16, commenting on Binance’s announcement to delist MITH, and said that the MITH listing process required a 200,000 BNB deposit …

Audits firms Armanino, Mazars ditch crypto clients in wake of pushback

Audit firms Armanino and Mazars are set to drop their crypto clients following controversies and community pushback. Armanino, Mazars jump ship Auditors Armanino and Mazars count several high-profile crypto companies among their collective clients, including Nexo, Gate, FTX, Kraken, Binance, and Crypto.com. However, the efficacy of crypto audits has been called into question recently, primarily …

Bitcoin tumbles back to $17k, market follows – CryptoSlate Daily wMarket Update

The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. 2 min read Updated: December 16, 2022 at 12:58 pm Cover art/illustration via CryptoSlate Over the last 24 hours, the cryptocurrency market cap saw net outflows of $40.17 billion and currently stands at …

Biggest Movers: ADA Hits All-Time Low on Friday, MATIC Extends Recent Downtrend

Cardano fell to an all-time low on Friday, as sentiment in crypto markets remained bearish in today’s session. The token fell for a third consecutive day, with prices moving below a key price floor in the process. Polygon also extended recent declines, hitting a multi-week low as a result. Cardano (ADA) Cardano (ADA) hit an …

Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web

The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducting a number of POR audits for crypto exchanges like Binance, Crypto.com, and Kucoin following the FTX collapse last month. Mazars Group Pauses Crypto Company Audits, Binance …

Bitcoin, Ethereum Technical Analysis: BTC Below $17,000, as ETH Nears $1,200 Breakout

Bitcoin fell below $17,000 on Dec. 16, as bearish pressure continued to intensify following yesterday’s disappointing U.S. retail sales figures. Sales in the United States were down by 0.6%, which news came less than 24 hours after the Federal Reserve moved to hike interest rates. Ethereum moved closer to the $1,200 level in today’s session. …

Argentine Province of San Luis to Issue Dollar-Pegged Stablecoin and Local Art NFTs

San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. The bill, which also approves the issuance of local artistic assets as NFTs (non-fungible tokens) seeks to enable the promotion of social development, and economic, cultural, and financial inclusion using blockchain. San Luis Approves Blockchain Development Bill …

NFT Sale Starts December 17, 00:00(EST) | Check out the New KV and Sale Information | Entertainment DAO Project ‘SUPER SAPIENSS’ by Three Directors Representing Japan

press release PRESS RELEASE. Financie Inc. pleased to announce that the “SUPER SAPIENSS NFT” sales conducted by “SUPER SAPIENSS”, an entertainment DAO project active on FiNANCiE. Sale Details PreSale of SUPER SAPIENSS NFT The sales of SUPER SAPIENSS NFT will be conducted in order of Presale and Public Sale. The date and number of sales …

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