Tag: ETH

The Blast platform was rocked by a significant security breach as the Munchables project fell prey to a hacker attack, resulting in the loss of 17,400 ETH, equivalent to $62.5 million. Notably, ZachXBT closely monitored the perpetrator, identified by the address 0x6e…09c5, during the incident, marking it as the largest breach on Blast to date. Munchables has since taken action to track the transaction and prevent further unauthorized access.

An Ethereum (ETH) Initial Coin Offering (ICO) participant has resurfaced after more than 8.7 years of inactivity, sparking suspicion in the larger digital currency industry.

The legal struggle between the United States Securities and Exchange Commission (SEC) and Ethereum (ETH) has emerged as a fascinating case in the cryptocurrency scene, with numerous analysts anticipating potential outcomes.

Forbes reporter Eleanor Terrett sheds light on the waning optimism surrounding the Securities and Exchange Commission’s (SEC) approval of the Ethereum (ETH) spot exchange-traded fund (ETF) before May 23. Anti-cryptocurrency sentiments from figures like Senator Elizabeth Warren and limited engagement from SEC staff have contributed to the uncertainty.

Moonbirds co-founder Kevin Rose has recently decided to liquidate his NFT collection, selling off various prized assets including the Fidenza 531 and xcopy’s “When Airdrop?” NFTs. In addition to selling NFTs, Rose transferred ownership of CryptoPunk 6419 and two Ethereum Name Service (ENS) domains, indicating significant changes in his digital asset portfolio. This move coincides with broader industry shifts, including Yuga Labs’ acquisition of Moonbirds’ NFT development team PROOF, suggesting a strategic realignment within the NFT space.

Major cryptocurrency currencies have shown a favourable trend during the previous 24 hours. Bitcoin (BTC), the top cryptocurrency, neared $68,000, while smaller altcoins saw huge gains. Ethereum’s price has risen beyond $3,900. Meanwhile, several top-tier cryptocurrencies, such as Solana (SOL), XRP, and Cardano (ADA), saw huge price gains.

LENA Network, a liquidity protocol that recently raised over 800 ETH, faced a staggering setback as its token plummeted over 80% within hours of its launch. The project’s Deployer transferred a significant sum, totaling 753 ETH (equivalent to $2.9 million), to the cryptocurrency exchange OKX, adding to concerns surrounding the token’s sharp decline.

Lookonchain reports significant cryptocurrency transactions associated with a suspected address linked to Justin Sun. Over the past 32 hours, the address purchased 54,721 ETH, valued at $154.4 million, and made substantial withdrawals and deposits

Celsius Network, a prominent cryptocurrency lending platform, has transferred a substantial amount of Ethereum (ETH) worth over $1.2 billion, sparking speculation about the motivations behind the move and the ultimate destination of the funds.

A flaw in Wise Lending’s share accounting logic gifted 177 ETH (~$464K) to the attacker, raising concerns about DexFi platform security and reinforcing the need for robust vulnerability assessments.