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Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n
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The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
- Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
  
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  \n
  - Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
    - The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
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      \n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
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      November 24, 2024
      
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      November 24, 2024
      
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      \n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
      Artificial Intelligence
      
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      November 24, 2024
      
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      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      \n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
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      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
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      Follow The Distributed
      
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      \n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
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      November 24, 2024
      
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      \n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
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      November 24, 2024
      
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      August 15, 2024
      
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      November 24, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
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      \n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
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      November 24, 2024
      
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      December 19, 2024
      
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      August 15, 2024
      
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      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      \n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
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      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
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      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
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      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
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      November 24, 2024
      
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      December 19, 2024
      
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      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
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      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
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      November 24, 2024
      
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      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
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      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      JTBC revealed a key designer from Terra Lab's stated \"We predicted the collapse of Terra and LUNA, and pointed out the danger to CEO Kwon Do-hyung several times, but they were ignored.\"<\/li><\/ul>\n","post_title":"Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-11 00:16:41","post_modified_gmt":"2023-04-10 14:16:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5571","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5519,"post_author":"1","post_date":"2022-06-08 22:02:46","post_date_gmt":"2022-06-08 12:02:46","post_content":"\n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
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      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      These funds are reportedly being linked to suspicion of money laundering against Do Kwon. A key internal informant stated that Do Kwon had not received any official payments from the company.<\/li><\/ul>\n\n\n\n
      JTBC revealed a key designer from Terra Lab's stated \"We predicted the collapse of Terra and LUNA, and pointed out the danger to CEO Kwon Do-hyung several times, but they were ignored.\"<\/li><\/ul>\n","post_title":"Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-11 00:16:41","post_modified_gmt":"2023-04-10 14:16:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5571","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5519,"post_author":"1","post_date":"2022-06-08 22:02:46","post_date_gmt":"2022-06-08 12:02:46","post_content":"\n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      South Korean TV Network, JTBC, reported that the SEC secured internal statements that \"the funds flowed into dozens of cryptocurrency wallets.\" The funds were reportedly being siphoned to various wallets for operating expenses. <\/li><\/ul>\n\n\n\n
      These funds are reportedly being linked to suspicion of money laundering against Do Kwon. A key internal informant stated that Do Kwon had not received any official payments from the company.<\/li><\/ul>\n\n\n\n
      JTBC revealed a key designer from Terra Lab's stated \"We predicted the collapse of Terra and LUNA, and pointed out the danger to CEO Kwon Do-hyung several times, but they were ignored.\"<\/li><\/ul>\n","post_title":"Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-11 00:16:41","post_modified_gmt":"2023-04-10 14:16:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5571","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5519,"post_author":"1","post_date":"2022-06-08 22:02:46","post_date_gmt":"2022-06-08 12:02:46","post_content":"\n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
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      August 15, 2024
      
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      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      South Korean news outlet, Naver, reported<\/a> that over KRW$100 billion (~US$80,000,000) of company funds were being withdrawn in the few months leading up to the collapse of UST and its sister coin, LUNA.<\/li><\/ul>\n\n\n\n
      South Korean TV Network, JTBC, reported that the SEC secured internal statements that \"the funds flowed into dozens of cryptocurrency wallets.\" The funds were reportedly being siphoned to various wallets for operating expenses. <\/li><\/ul>\n\n\n\n
      These funds are reportedly being linked to suspicion of money laundering against Do Kwon. A key internal informant stated that Do Kwon had not received any official payments from the company.<\/li><\/ul>\n\n\n\n
      JTBC revealed a key designer from Terra Lab's stated \"We predicted the collapse of Terra and LUNA, and pointed out the danger to CEO Kwon Do-hyung several times, but they were ignored.\"<\/li><\/ul>\n","post_title":"Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-11 00:16:41","post_modified_gmt":"2023-04-10 14:16:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5571","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5519,"post_author":"1","post_date":"2022-06-08 22:02:46","post_date_gmt":"2022-06-08 12:02:46","post_content":"\n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
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      November 24, 2024
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
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      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Terra Labs employees have reportedly confirmed to the US Security and Exchange Commission (SEC) that CEO Do Kwon was withdrawing large sums of money every month prior to LUNA and UST's collapse<\/a>.<\/p>\n\n\n\n
      South Korean news outlet, Naver, reported<\/a> that over KRW$100 billion (~US$80,000,000) of company funds were being withdrawn in the few months leading up to the collapse of UST and its sister coin, LUNA.<\/li><\/ul>\n\n\n\n
      South Korean TV Network, JTBC, reported that the SEC secured internal statements that \"the funds flowed into dozens of cryptocurrency wallets.\" The funds were reportedly being siphoned to various wallets for operating expenses. <\/li><\/ul>\n\n\n\n
      These funds are reportedly being linked to suspicion of money laundering against Do Kwon. A key internal informant stated that Do Kwon had not received any official payments from the company.<\/li><\/ul>\n\n\n\n
      JTBC revealed a key designer from Terra Lab's stated \"We predicted the collapse of Terra and LUNA, and pointed out the danger to CEO Kwon Do-hyung several times, but they were ignored.\"<\/li><\/ul>\n","post_title":"Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-11 00:16:41","post_modified_gmt":"2023-04-10 14:16:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5571","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5519,"post_author":"1","post_date":"2022-06-08 22:02:46","post_date_gmt":"2022-06-08 12:02:46","post_content":"\n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      \nhttps:\/\/twitter.com\/vechainofficial\/status\/1534892007885361152\n<\/div><\/figure>\n","post_title":"VeChain Secures Multi-Year $100M Deal With The UFC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"vechain-secures-multi-year-100m-deal-with-the-ufc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer1","post_modified":"2022-06-12 17:35:50","post_modified_gmt":"2022-06-12 07:35:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5575","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5571,"post_author":"1","post_date":"2022-06-11 19:37:06","post_date_gmt":"2022-06-11 09:37:06","post_content":"\n
      Terra Labs employees have reportedly confirmed to the US Security and Exchange Commission (SEC) that CEO Do Kwon was withdrawing large sums of money every month prior to LUNA and UST's collapse<\/a>.<\/p>\n\n\n\n
      South Korean news outlet, Naver, reported<\/a> that over KRW$100 billion (~US$80,000,000) of company funds were being withdrawn in the few months leading up to the collapse of UST and its sister coin, LUNA.<\/li><\/ul>\n\n\n\n
      South Korean TV Network, JTBC, reported that the SEC secured internal statements that \"the funds flowed into dozens of cryptocurrency wallets.\" The funds were reportedly being siphoned to various wallets for operating expenses. <\/li><\/ul>\n\n\n\n
      These funds are reportedly being linked to suspicion of money laundering against Do Kwon. A key internal informant stated that Do Kwon had not received any official payments from the company.<\/li><\/ul>\n\n\n\n
      JTBC revealed a key designer from Terra Lab's stated \"We predicted the collapse of Terra and LUNA, and pointed out the danger to CEO Kwon Do-hyung several times, but they were ignored.\"<\/li><\/ul>\n","post_title":"Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-11 00:16:41","post_modified_gmt":"2023-04-10 14:16:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5571","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5519,"post_author":"1","post_date":"2022-06-08 22:02:46","post_date_gmt":"2022-06-08 12:02:46","post_content":"\n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      VeChain will reach around 900 million televisions through 175 countries, with their name appearing on the official fighter ranking titles called \u201cUFC Rankings Powered by VeChain.\u201d This will make the partnership \u201cone of the deepest integrations within premier UFC assets of any sponsor in UFC history\" according to VeChain.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/vechainofficial\/status\/1534892007885361152\n<\/div><\/figure>\n","post_title":"VeChain Secures Multi-Year $100M Deal With The UFC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"vechain-secures-multi-year-100m-deal-with-the-ufc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer1","post_modified":"2022-06-12 17:35:50","post_modified_gmt":"2022-06-12 07:35:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5575","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5571,"post_author":"1","post_date":"2022-06-11 19:37:06","post_date_gmt":"2022-06-11 09:37:06","post_content":"\n
      Terra Labs employees have reportedly confirmed to the US Security and Exchange Commission (SEC) that CEO Do Kwon was withdrawing large sums of money every month prior to LUNA and UST's collapse<\/a>.<\/p>\n\n\n\n
      South Korean news outlet, Naver, reported<\/a> that over KRW$100 billion (~US$80,000,000) of company funds were being withdrawn in the few months leading up to the collapse of UST and its sister coin, LUNA.<\/li><\/ul>\n\n\n\n
      South Korean TV Network, JTBC, reported that the SEC secured internal statements that \"the funds flowed into dozens of cryptocurrency wallets.\" The funds were reportedly being siphoned to various wallets for operating expenses. <\/li><\/ul>\n\n\n\n
      These funds are reportedly being linked to suspicion of money laundering against Do Kwon. A key internal informant stated that Do Kwon had not received any official payments from the company.<\/li><\/ul>\n\n\n\n
      JTBC revealed a key designer from Terra Lab's stated \"We predicted the collapse of Terra and LUNA, and pointed out the danger to CEO Kwon Do-hyung several times, but they were ignored.\"<\/li><\/ul>\n","post_title":"Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-11 00:16:41","post_modified_gmt":"2023-04-10 14:16:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5571","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5519,"post_author":"1","post_date":"2022-06-08 22:02:46","post_date_gmt":"2022-06-08 12:02:46","post_content":"\n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
      Artificial Intelligence
      
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      November 24, 2024
      
      Artificial Intelligence
      
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      December 19, 2024
      
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      August 15, 2024
      
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      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      VeChain reported<\/a> that they had only spent around $650,000 on marketing in Q1 of 2022, the deal with UFC shows a huge shift in their focus.<\/li><\/ul>\n\n\n\n
      VeChain will reach around 900 million televisions through 175 countries, with their name appearing on the official fighter ranking titles called \u201cUFC Rankings Powered by VeChain.\u201d This will make the partnership \u201cone of the deepest integrations within premier UFC assets of any sponsor in UFC history\" according to VeChain.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/vechainofficial\/status\/1534892007885361152\n<\/div><\/figure>\n","post_title":"VeChain Secures Multi-Year $100M Deal With The UFC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"vechain-secures-multi-year-100m-deal-with-the-ufc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer1","post_modified":"2022-06-12 17:35:50","post_modified_gmt":"2022-06-12 07:35:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5575","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5571,"post_author":"1","post_date":"2022-06-11 19:37:06","post_date_gmt":"2022-06-11 09:37:06","post_content":"\n
      Terra Labs employees have reportedly confirmed to the US Security and Exchange Commission (SEC) that CEO Do Kwon was withdrawing large sums of money every month prior to LUNA and UST's collapse<\/a>.<\/p>\n\n\n\n
      South Korean news outlet, Naver, reported<\/a> that over KRW$100 billion (~US$80,000,000) of company funds were being withdrawn in the few months leading up to the collapse of UST and its sister coin, LUNA.<\/li><\/ul>\n\n\n\n
      South Korean TV Network, JTBC, reported that the SEC secured internal statements that \"the funds flowed into dozens of cryptocurrency wallets.\" The funds were reportedly being siphoned to various wallets for operating expenses. <\/li><\/ul>\n\n\n\n
      These funds are reportedly being linked to suspicion of money laundering against Do Kwon. A key internal informant stated that Do Kwon had not received any official payments from the company.<\/li><\/ul>\n\n\n\n
      JTBC revealed a key designer from Terra Lab's stated \"We predicted the collapse of Terra and LUNA, and pointed out the danger to CEO Kwon Do-hyung several times, but they were ignored.\"<\/li><\/ul>\n","post_title":"Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-11 00:16:41","post_modified_gmt":"2023-04-10 14:16:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5571","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5519,"post_author":"1","post_date":"2022-06-08 22:02:46","post_date_gmt":"2022-06-08 12:02:46","post_content":"\n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      VeChain becomes the first Layer-1<\/a> partner of the UFC and will start promoting as early as UFC 275 in Singapore on June 11th.<\/li><\/ul>\n\n\n\n
      VeChain reported<\/a> that they had only spent around $650,000 on marketing in Q1 of 2022, the deal with UFC shows a huge shift in their focus.<\/li><\/ul>\n\n\n\n
      VeChain will reach around 900 million televisions through 175 countries, with their name appearing on the official fighter ranking titles called \u201cUFC Rankings Powered by VeChain.\u201d This will make the partnership \u201cone of the deepest integrations within premier UFC assets of any sponsor in UFC history\" according to VeChain.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/vechainofficial\/status\/1534892007885361152\n<\/div><\/figure>\n","post_title":"VeChain Secures Multi-Year $100M Deal With The UFC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"vechain-secures-multi-year-100m-deal-with-the-ufc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer1","post_modified":"2022-06-12 17:35:50","post_modified_gmt":"2022-06-12 07:35:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5575","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5571,"post_author":"1","post_date":"2022-06-11 19:37:06","post_date_gmt":"2022-06-11 09:37:06","post_content":"\n
      Terra Labs employees have reportedly confirmed to the US Security and Exchange Commission (SEC) that CEO Do Kwon was withdrawing large sums of money every month prior to LUNA and UST's collapse<\/a>.<\/p>\n\n\n\n
      South Korean news outlet, Naver, reported<\/a> that over KRW$100 billion (~US$80,000,000) of company funds were being withdrawn in the few months leading up to the collapse of UST and its sister coin, LUNA.<\/li><\/ul>\n\n\n\n
      South Korean TV Network, JTBC, reported that the SEC secured internal statements that \"the funds flowed into dozens of cryptocurrency wallets.\" The funds were reportedly being siphoned to various wallets for operating expenses. <\/li><\/ul>\n\n\n\n
      These funds are reportedly being linked to suspicion of money laundering against Do Kwon. A key internal informant stated that Do Kwon had not received any official payments from the company.<\/li><\/ul>\n\n\n\n
      JTBC revealed a key designer from Terra Lab's stated \"We predicted the collapse of Terra and LUNA, and pointed out the danger to CEO Kwon Do-hyung several times, but they were ignored.\"<\/li><\/ul>\n","post_title":"Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-11 00:16:41","post_modified_gmt":"2023-04-10 14:16:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5571","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5519,"post_author":"1","post_date":"2022-06-08 22:02:46","post_date_gmt":"2022-06-08 12:02:46","post_content":"\n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      The VeChain Foundation has signed<\/a> a multi-year deal with the Ultimate Fighting Championship (UFC) worth a reported<\/a> US$100 million, making it one of UFCs largest ever.<\/p>\n\n\n\n
      VeChain becomes the first Layer-1<\/a> partner of the UFC and will start promoting as early as UFC 275 in Singapore on June 11th.<\/li><\/ul>\n\n\n\n
      VeChain reported<\/a> that they had only spent around $650,000 on marketing in Q1 of 2022, the deal with UFC shows a huge shift in their focus.<\/li><\/ul>\n\n\n\n
      VeChain will reach around 900 million televisions through 175 countries, with their name appearing on the official fighter ranking titles called \u201cUFC Rankings Powered by VeChain.\u201d This will make the partnership \u201cone of the deepest integrations within premier UFC assets of any sponsor in UFC history\" according to VeChain.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/vechainofficial\/status\/1534892007885361152\n<\/div><\/figure>\n","post_title":"VeChain Secures Multi-Year $100M Deal With The UFC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"vechain-secures-multi-year-100m-deal-with-the-ufc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer1","post_modified":"2022-06-12 17:35:50","post_modified_gmt":"2022-06-12 07:35:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5575","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5571,"post_author":"1","post_date":"2022-06-11 19:37:06","post_date_gmt":"2022-06-11 09:37:06","post_content":"\n
      Terra Labs employees have reportedly confirmed to the US Security and Exchange Commission (SEC) that CEO Do Kwon was withdrawing large sums of money every month prior to LUNA and UST's collapse<\/a>.<\/p>\n\n\n\n
      South Korean news outlet, Naver, reported<\/a> that over KRW$100 billion (~US$80,000,000) of company funds were being withdrawn in the few months leading up to the collapse of UST and its sister coin, LUNA.<\/li><\/ul>\n\n\n\n
      South Korean TV Network, JTBC, reported that the SEC secured internal statements that \"the funds flowed into dozens of cryptocurrency wallets.\" The funds were reportedly being siphoned to various wallets for operating expenses. <\/li><\/ul>\n\n\n\n
      These funds are reportedly being linked to suspicion of money laundering against Do Kwon. A key internal informant stated that Do Kwon had not received any official payments from the company.<\/li><\/ul>\n\n\n\n
      JTBC revealed a key designer from Terra Lab's stated \"We predicted the collapse of Terra and LUNA, and pointed out the danger to CEO Kwon Do-hyung several times, but they were ignored.\"<\/li><\/ul>\n","post_title":"Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-11 00:16:41","post_modified_gmt":"2023-04-10 14:16:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5571","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5519,"post_author":"1","post_date":"2022-06-08 22:02:46","post_date_gmt":"2022-06-08 12:02:46","post_content":"\n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
      Artificial Intelligence
      
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      November 24, 2024
      
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      December 19, 2024
      
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      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
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      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
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      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      See Related: <\/em><\/strong>Osmosis DEX Halted After $5M Exploit<\/a><\/p>\n","post_title":"Stay Optimistic! Hacker Returns 17M $OP Tokens","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stay-optimistic-hacker-returns-17m-op-tokens","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/osmosis-dex-halted-after-5m-exploit\/","post_modified":"2023-04-11 00:16:19","post_modified_gmt":"2023-04-10 14:16:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5586","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5575,"post_author":"1","post_date":"2022-06-11 22:06:42","post_date_gmt":"2022-06-11 12:06:42","post_content":"\n
      The VeChain Foundation has signed<\/a> a multi-year deal with the Ultimate Fighting Championship (UFC) worth a reported<\/a> US$100 million, making it one of UFCs largest ever.<\/p>\n\n\n\n
      VeChain becomes the first Layer-1<\/a> partner of the UFC and will start promoting as early as UFC 275 in Singapore on June 11th.<\/li><\/ul>\n\n\n\n
      VeChain reported<\/a> that they had only spent around $650,000 on marketing in Q1 of 2022, the deal with UFC shows a huge shift in their focus.<\/li><\/ul>\n\n\n\n
      VeChain will reach around 900 million televisions through 175 countries, with their name appearing on the official fighter ranking titles called \u201cUFC Rankings Powered by VeChain.\u201d This will make the partnership \u201cone of the deepest integrations within premier UFC assets of any sponsor in UFC history\" according to VeChain.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/vechainofficial\/status\/1534892007885361152\n<\/div><\/figure>\n","post_title":"VeChain Secures Multi-Year $100M Deal With The UFC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"vechain-secures-multi-year-100m-deal-with-the-ufc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer1","post_modified":"2022-06-12 17:35:50","post_modified_gmt":"2022-06-12 07:35:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5575","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5571,"post_author":"1","post_date":"2022-06-11 19:37:06","post_date_gmt":"2022-06-11 09:37:06","post_content":"\n
      Terra Labs employees have reportedly confirmed to the US Security and Exchange Commission (SEC) that CEO Do Kwon was withdrawing large sums of money every month prior to LUNA and UST's collapse<\/a>.<\/p>\n\n\n\n
      South Korean news outlet, Naver, reported<\/a> that over KRW$100 billion (~US$80,000,000) of company funds were being withdrawn in the few months leading up to the collapse of UST and its sister coin, LUNA.<\/li><\/ul>\n\n\n\n
      South Korean TV Network, JTBC, reported that the SEC secured internal statements that \"the funds flowed into dozens of cryptocurrency wallets.\" The funds were reportedly being siphoned to various wallets for operating expenses. <\/li><\/ul>\n\n\n\n
      These funds are reportedly being linked to suspicion of money laundering against Do Kwon. A key internal informant stated that Do Kwon had not received any official payments from the company.<\/li><\/ul>\n\n\n\n
      JTBC revealed a key designer from Terra Lab's stated \"We predicted the collapse of Terra and LUNA, and pointed out the danger to CEO Kwon Do-hyung several times, but they were ignored.\"<\/li><\/ul>\n","post_title":"Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-11 00:16:41","post_modified_gmt":"2023-04-10 14:16:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5571","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5519,"post_author":"1","post_date":"2022-06-08 22:02:46","post_date_gmt":"2022-06-08 12:02:46","post_content":"\n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      \nhttps:\/\/twitter.com\/optimismPBC\/status\/1535275163486457857?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1535275163486457857%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptoslate.com%2Foptimism-hacker-confirms-they-are-whitehat-returns-most-of-stolen-funds%2F\n<\/div><\/figure>\n\n\n\n
      See Related: <\/em><\/strong>Osmosis DEX Halted After $5M Exploit<\/a><\/p>\n","post_title":"Stay Optimistic! Hacker Returns 17M $OP Tokens","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stay-optimistic-hacker-returns-17m-op-tokens","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/osmosis-dex-halted-after-5m-exploit\/","post_modified":"2023-04-11 00:16:19","post_modified_gmt":"2023-04-10 14:16:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5586","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5575,"post_author":"1","post_date":"2022-06-11 22:06:42","post_date_gmt":"2022-06-11 12:06:42","post_content":"\n
      The VeChain Foundation has signed<\/a> a multi-year deal with the Ultimate Fighting Championship (UFC) worth a reported<\/a> US$100 million, making it one of UFCs largest ever.<\/p>\n\n\n\n
      VeChain becomes the first Layer-1<\/a> partner of the UFC and will start promoting as early as UFC 275 in Singapore on June 11th.<\/li><\/ul>\n\n\n\n
      VeChain reported<\/a> that they had only spent around $650,000 on marketing in Q1 of 2022, the deal with UFC shows a huge shift in their focus.<\/li><\/ul>\n\n\n\n
      VeChain will reach around 900 million televisions through 175 countries, with their name appearing on the official fighter ranking titles called \u201cUFC Rankings Powered by VeChain.\u201d This will make the partnership \u201cone of the deepest integrations within premier UFC assets of any sponsor in UFC history\" according to VeChain.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/vechainofficial\/status\/1534892007885361152\n<\/div><\/figure>\n","post_title":"VeChain Secures Multi-Year $100M Deal With The UFC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"vechain-secures-multi-year-100m-deal-with-the-ufc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer1","post_modified":"2022-06-12 17:35:50","post_modified_gmt":"2022-06-12 07:35:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5575","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5571,"post_author":"1","post_date":"2022-06-11 19:37:06","post_date_gmt":"2022-06-11 09:37:06","post_content":"\n
      Terra Labs employees have reportedly confirmed to the US Security and Exchange Commission (SEC) that CEO Do Kwon was withdrawing large sums of money every month prior to LUNA and UST's collapse<\/a>.<\/p>\n\n\n\n
      South Korean news outlet, Naver, reported<\/a> that over KRW$100 billion (~US$80,000,000) of company funds were being withdrawn in the few months leading up to the collapse of UST and its sister coin, LUNA.<\/li><\/ul>\n\n\n\n
      South Korean TV Network, JTBC, reported that the SEC secured internal statements that \"the funds flowed into dozens of cryptocurrency wallets.\" The funds were reportedly being siphoned to various wallets for operating expenses. <\/li><\/ul>\n\n\n\n
      These funds are reportedly being linked to suspicion of money laundering against Do Kwon. A key internal informant stated that Do Kwon had not received any official payments from the company.<\/li><\/ul>\n\n\n\n
      JTBC revealed a key designer from Terra Lab's stated \"We predicted the collapse of Terra and LUNA, and pointed out the danger to CEO Kwon Do-hyung several times, but they were ignored.\"<\/li><\/ul>\n","post_title":"Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-11 00:16:41","post_modified_gmt":"2023-04-10 14:16:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5571","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5519,"post_author":"1","post_date":"2022-06-08 22:02:46","post_date_gmt":"2022-06-08 12:02:46","post_content":"\n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      The hacker started depositing the tokens<\/a> hours later in batches of 1,000,000 OP tokens to the original address. So far 17,000,000 tokens have been deposited by the exploiter, 1,000,000 is being recovered from Buterins wallet and the remaining 2,000,000 tokens are being kept by the hacker as his bounty.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/optimismPBC\/status\/1535275163486457857?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1535275163486457857%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptoslate.com%2Foptimism-hacker-confirms-they-are-whitehat-returns-most-of-stolen-funds%2F\n<\/div><\/figure>\n\n\n\n
      See Related: <\/em><\/strong>Osmosis DEX Halted After $5M Exploit<\/a><\/p>\n","post_title":"Stay Optimistic! Hacker Returns 17M $OP Tokens","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stay-optimistic-hacker-returns-17m-op-tokens","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/osmosis-dex-halted-after-5m-exploit\/","post_modified":"2023-04-11 00:16:19","post_modified_gmt":"2023-04-10 14:16:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5586","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5575,"post_author":"1","post_date":"2022-06-11 22:06:42","post_date_gmt":"2022-06-11 12:06:42","post_content":"\n
      The VeChain Foundation has signed<\/a> a multi-year deal with the Ultimate Fighting Championship (UFC) worth a reported<\/a> US$100 million, making it one of UFCs largest ever.<\/p>\n\n\n\n
      VeChain becomes the first Layer-1<\/a> partner of the UFC and will start promoting as early as UFC 275 in Singapore on June 11th.<\/li><\/ul>\n\n\n\n
      VeChain reported<\/a> that they had only spent around $650,000 on marketing in Q1 of 2022, the deal with UFC shows a huge shift in their focus.<\/li><\/ul>\n\n\n\n
      VeChain will reach around 900 million televisions through 175 countries, with their name appearing on the official fighter ranking titles called \u201cUFC Rankings Powered by VeChain.\u201d This will make the partnership \u201cone of the deepest integrations within premier UFC assets of any sponsor in UFC history\" according to VeChain.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/vechainofficial\/status\/1534892007885361152\n<\/div><\/figure>\n","post_title":"VeChain Secures Multi-Year $100M Deal With The UFC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"vechain-secures-multi-year-100m-deal-with-the-ufc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer1","post_modified":"2022-06-12 17:35:50","post_modified_gmt":"2022-06-12 07:35:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5575","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5571,"post_author":"1","post_date":"2022-06-11 19:37:06","post_date_gmt":"2022-06-11 09:37:06","post_content":"\n
      Terra Labs employees have reportedly confirmed to the US Security and Exchange Commission (SEC) that CEO Do Kwon was withdrawing large sums of money every month prior to LUNA and UST's collapse<\/a>.<\/p>\n\n\n\n
      South Korean news outlet, Naver, reported<\/a> that over KRW$100 billion (~US$80,000,000) of company funds were being withdrawn in the few months leading up to the collapse of UST and its sister coin, LUNA.<\/li><\/ul>\n\n\n\n
      South Korean TV Network, JTBC, reported that the SEC secured internal statements that \"the funds flowed into dozens of cryptocurrency wallets.\" The funds were reportedly being siphoned to various wallets for operating expenses. <\/li><\/ul>\n\n\n\n
      These funds are reportedly being linked to suspicion of money laundering against Do Kwon. A key internal informant stated that Do Kwon had not received any official payments from the company.<\/li><\/ul>\n\n\n\n
      JTBC revealed a key designer from Terra Lab's stated \"We predicted the collapse of Terra and LUNA, and pointed out the danger to CEO Kwon Do-hyung several times, but they were ignored.\"<\/li><\/ul>\n","post_title":"Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-11 00:16:41","post_modified_gmt":"2023-04-10 14:16:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5571","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5519,"post_author":"1","post_date":"2022-06-08 22:02:46","post_date_gmt":"2022-06-08 12:02:46","post_content":"\n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
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      \n
      The hacker had sent a message<\/a> along with 1,000,000 OP tokens to Vitalik Buterin, co-founder of Ethereum, stating \u201cHello, Vitalik, I believe in you, just want to know your opinion on this. BTW, help to verify the return address and I will return the remaining after you. And hello Wintermute, sorry, I only have 18M and this is what I can return. Stay Optimistic!\u201d <\/li><\/ul>\n\n\n\n
      The hacker started depositing the tokens<\/a> hours later in batches of 1,000,000 OP tokens to the original address. So far 17,000,000 tokens have been deposited by the exploiter, 1,000,000 is being recovered from Buterins wallet and the remaining 2,000,000 tokens are being kept by the hacker as his bounty.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/optimismPBC\/status\/1535275163486457857?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1535275163486457857%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptoslate.com%2Foptimism-hacker-confirms-they-are-whitehat-returns-most-of-stolen-funds%2F\n<\/div><\/figure>\n\n\n\n
      See Related: <\/em><\/strong>Osmosis DEX Halted After $5M Exploit<\/a><\/p>\n","post_title":"Stay Optimistic! Hacker Returns 17M $OP Tokens","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stay-optimistic-hacker-returns-17m-op-tokens","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/osmosis-dex-halted-after-5m-exploit\/","post_modified":"2023-04-11 00:16:19","post_modified_gmt":"2023-04-10 14:16:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5586","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5575,"post_author":"1","post_date":"2022-06-11 22:06:42","post_date_gmt":"2022-06-11 12:06:42","post_content":"\n
      The VeChain Foundation has signed<\/a> a multi-year deal with the Ultimate Fighting Championship (UFC) worth a reported<\/a> US$100 million, making it one of UFCs largest ever.<\/p>\n\n\n\n
      VeChain becomes the first Layer-1<\/a> partner of the UFC and will start promoting as early as UFC 275 in Singapore on June 11th.<\/li><\/ul>\n\n\n\n
      VeChain reported<\/a> that they had only spent around $650,000 on marketing in Q1 of 2022, the deal with UFC shows a huge shift in their focus.<\/li><\/ul>\n\n\n\n
      VeChain will reach around 900 million televisions through 175 countries, with their name appearing on the official fighter ranking titles called \u201cUFC Rankings Powered by VeChain.\u201d This will make the partnership \u201cone of the deepest integrations within premier UFC assets of any sponsor in UFC history\" according to VeChain.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/vechainofficial\/status\/1534892007885361152\n<\/div><\/figure>\n","post_title":"VeChain Secures Multi-Year $100M Deal With The UFC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"vechain-secures-multi-year-100m-deal-with-the-ufc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer1","post_modified":"2022-06-12 17:35:50","post_modified_gmt":"2022-06-12 07:35:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5575","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5571,"post_author":"1","post_date":"2022-06-11 19:37:06","post_date_gmt":"2022-06-11 09:37:06","post_content":"\n
      Terra Labs employees have reportedly confirmed to the US Security and Exchange Commission (SEC) that CEO Do Kwon was withdrawing large sums of money every month prior to LUNA and UST's collapse<\/a>.<\/p>\n\n\n\n
      South Korean news outlet, Naver, reported<\/a> that over KRW$100 billion (~US$80,000,000) of company funds were being withdrawn in the few months leading up to the collapse of UST and its sister coin, LUNA.<\/li><\/ul>\n\n\n\n
      South Korean TV Network, JTBC, reported that the SEC secured internal statements that \"the funds flowed into dozens of cryptocurrency wallets.\" The funds were reportedly being siphoned to various wallets for operating expenses. <\/li><\/ul>\n\n\n\n
      These funds are reportedly being linked to suspicion of money laundering against Do Kwon. A key internal informant stated that Do Kwon had not received any official payments from the company.<\/li><\/ul>\n\n\n\n
      JTBC revealed a key designer from Terra Lab's stated \"We predicted the collapse of Terra and LUNA, and pointed out the danger to CEO Kwon Do-hyung several times, but they were ignored.\"<\/li><\/ul>\n","post_title":"Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-11 00:16:41","post_modified_gmt":"2023-04-10 14:16:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5571","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5519,"post_author":"1","post_date":"2022-06-08 22:02:46","post_date_gmt":"2022-06-08 12:02:46","post_content":"\n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Optimism disclosed<\/a> that a hacker had managed to take advantage of the botched transaction and take the 20 million tokens for himself. Wintermute CEO Evgeny Gaevoy gave the hacker an ultimatum<\/a> and 1 week to follow through or he would involve authorities. The hacker returned the funds a day later.<\/li><\/ul>\n\n\n\n
      The hacker had sent a message<\/a> along with 1,000,000 OP tokens to Vitalik Buterin, co-founder of Ethereum, stating \u201cHello, Vitalik, I believe in you, just want to know your opinion on this. BTW, help to verify the return address and I will return the remaining after you. And hello Wintermute, sorry, I only have 18M and this is what I can return. Stay Optimistic!\u201d <\/li><\/ul>\n\n\n\n
      The hacker started depositing the tokens<\/a> hours later in batches of 1,000,000 OP tokens to the original address. So far 17,000,000 tokens have been deposited by the exploiter, 1,000,000 is being recovered from Buterins wallet and the remaining 2,000,000 tokens are being kept by the hacker as his bounty.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/optimismPBC\/status\/1535275163486457857?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1535275163486457857%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptoslate.com%2Foptimism-hacker-confirms-they-are-whitehat-returns-most-of-stolen-funds%2F\n<\/div><\/figure>\n\n\n\n
      See Related: <\/em><\/strong>Osmosis DEX Halted After $5M Exploit<\/a><\/p>\n","post_title":"Stay Optimistic! Hacker Returns 17M $OP Tokens","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stay-optimistic-hacker-returns-17m-op-tokens","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/osmosis-dex-halted-after-5m-exploit\/","post_modified":"2023-04-11 00:16:19","post_modified_gmt":"2023-04-10 14:16:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5586","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5575,"post_author":"1","post_date":"2022-06-11 22:06:42","post_date_gmt":"2022-06-11 12:06:42","post_content":"\n
      The VeChain Foundation has signed<\/a> a multi-year deal with the Ultimate Fighting Championship (UFC) worth a reported<\/a> US$100 million, making it one of UFCs largest ever.<\/p>\n\n\n\n
      VeChain becomes the first Layer-1<\/a> partner of the UFC and will start promoting as early as UFC 275 in Singapore on June 11th.<\/li><\/ul>\n\n\n\n
      VeChain reported<\/a> that they had only spent around $650,000 on marketing in Q1 of 2022, the deal with UFC shows a huge shift in their focus.<\/li><\/ul>\n\n\n\n
      VeChain will reach around 900 million televisions through 175 countries, with their name appearing on the official fighter ranking titles called \u201cUFC Rankings Powered by VeChain.\u201d This will make the partnership \u201cone of the deepest integrations within premier UFC assets of any sponsor in UFC history\" according to VeChain.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/vechainofficial\/status\/1534892007885361152\n<\/div><\/figure>\n","post_title":"VeChain Secures Multi-Year $100M Deal With The UFC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"vechain-secures-multi-year-100m-deal-with-the-ufc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer1","post_modified":"2022-06-12 17:35:50","post_modified_gmt":"2022-06-12 07:35:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5575","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5571,"post_author":"1","post_date":"2022-06-11 19:37:06","post_date_gmt":"2022-06-11 09:37:06","post_content":"\n
      Terra Labs employees have reportedly confirmed to the US Security and Exchange Commission (SEC) that CEO Do Kwon was withdrawing large sums of money every month prior to LUNA and UST's collapse<\/a>.<\/p>\n\n\n\n
      South Korean news outlet, Naver, reported<\/a> that over KRW$100 billion (~US$80,000,000) of company funds were being withdrawn in the few months leading up to the collapse of UST and its sister coin, LUNA.<\/li><\/ul>\n\n\n\n
      South Korean TV Network, JTBC, reported that the SEC secured internal statements that \"the funds flowed into dozens of cryptocurrency wallets.\" The funds were reportedly being siphoned to various wallets for operating expenses. <\/li><\/ul>\n\n\n\n
      These funds are reportedly being linked to suspicion of money laundering against Do Kwon. A key internal informant stated that Do Kwon had not received any official payments from the company.<\/li><\/ul>\n\n\n\n
      JTBC revealed a key designer from Terra Lab's stated \"We predicted the collapse of Terra and LUNA, and pointed out the danger to CEO Kwon Do-hyung several times, but they were ignored.\"<\/li><\/ul>\n","post_title":"Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-11 00:16:41","post_modified_gmt":"2023-04-10 14:16:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5571","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5519,"post_author":"1","post_date":"2022-06-08 22:02:46","post_date_gmt":"2022-06-08 12:02:46","post_content":"\n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Optimism is a Layer 2<\/a> solution for Ethereum which launched its Optimism Token ($OP) on June 1st. Wintermute acted as liquidity providers<\/a> for the launch, but the tokens were lost in transport through an error in the addresses provided. <\/li><\/ul>\n\n\n\n
      Optimism disclosed<\/a> that a hacker had managed to take advantage of the botched transaction and take the 20 million tokens for himself. Wintermute CEO Evgeny Gaevoy gave the hacker an ultimatum<\/a> and 1 week to follow through or he would involve authorities. The hacker returned the funds a day later.<\/li><\/ul>\n\n\n\n
      The hacker had sent a message<\/a> along with 1,000,000 OP tokens to Vitalik Buterin, co-founder of Ethereum, stating \u201cHello, Vitalik, I believe in you, just want to know your opinion on this. BTW, help to verify the return address and I will return the remaining after you. And hello Wintermute, sorry, I only have 18M and this is what I can return. Stay Optimistic!\u201d <\/li><\/ul>\n\n\n\n
      The hacker started depositing the tokens<\/a> hours later in batches of 1,000,000 OP tokens to the original address. So far 17,000,000 tokens have been deposited by the exploiter, 1,000,000 is being recovered from Buterins wallet and the remaining 2,000,000 tokens are being kept by the hacker as his bounty.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/optimismPBC\/status\/1535275163486457857?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1535275163486457857%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptoslate.com%2Foptimism-hacker-confirms-they-are-whitehat-returns-most-of-stolen-funds%2F\n<\/div><\/figure>\n\n\n\n
      See Related: <\/em><\/strong>Osmosis DEX Halted After $5M Exploit<\/a><\/p>\n","post_title":"Stay Optimistic! Hacker Returns 17M $OP Tokens","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stay-optimistic-hacker-returns-17m-op-tokens","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/osmosis-dex-halted-after-5m-exploit\/","post_modified":"2023-04-11 00:16:19","post_modified_gmt":"2023-04-10 14:16:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5586","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5575,"post_author":"1","post_date":"2022-06-11 22:06:42","post_date_gmt":"2022-06-11 12:06:42","post_content":"\n
      The VeChain Foundation has signed<\/a> a multi-year deal with the Ultimate Fighting Championship (UFC) worth a reported<\/a> US$100 million, making it one of UFCs largest ever.<\/p>\n\n\n\n
      VeChain becomes the first Layer-1<\/a> partner of the UFC and will start promoting as early as UFC 275 in Singapore on June 11th.<\/li><\/ul>\n\n\n\n
      VeChain reported<\/a> that they had only spent around $650,000 on marketing in Q1 of 2022, the deal with UFC shows a huge shift in their focus.<\/li><\/ul>\n\n\n\n
      VeChain will reach around 900 million televisions through 175 countries, with their name appearing on the official fighter ranking titles called \u201cUFC Rankings Powered by VeChain.\u201d This will make the partnership \u201cone of the deepest integrations within premier UFC assets of any sponsor in UFC history\" according to VeChain.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/vechainofficial\/status\/1534892007885361152\n<\/div><\/figure>\n","post_title":"VeChain Secures Multi-Year $100M Deal With The UFC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"vechain-secures-multi-year-100m-deal-with-the-ufc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer1","post_modified":"2022-06-12 17:35:50","post_modified_gmt":"2022-06-12 07:35:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5575","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5571,"post_author":"1","post_date":"2022-06-11 19:37:06","post_date_gmt":"2022-06-11 09:37:06","post_content":"\n
      Terra Labs employees have reportedly confirmed to the US Security and Exchange Commission (SEC) that CEO Do Kwon was withdrawing large sums of money every month prior to LUNA and UST's collapse<\/a>.<\/p>\n\n\n\n
      South Korean news outlet, Naver, reported<\/a> that over KRW$100 billion (~US$80,000,000) of company funds were being withdrawn in the few months leading up to the collapse of UST and its sister coin, LUNA.<\/li><\/ul>\n\n\n\n
      South Korean TV Network, JTBC, reported that the SEC secured internal statements that \"the funds flowed into dozens of cryptocurrency wallets.\" The funds were reportedly being siphoned to various wallets for operating expenses. <\/li><\/ul>\n\n\n\n
      These funds are reportedly being linked to suspicion of money laundering against Do Kwon. A key internal informant stated that Do Kwon had not received any official payments from the company.<\/li><\/ul>\n\n\n\n
      JTBC revealed a key designer from Terra Lab's stated \"We predicted the collapse of Terra and LUNA, and pointed out the danger to CEO Kwon Do-hyung several times, but they were ignored.\"<\/li><\/ul>\n","post_title":"Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-11 00:16:41","post_modified_gmt":"2023-04-10 14:16:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5571","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5519,"post_author":"1","post_date":"2022-06-08 22:02:46","post_date_gmt":"2022-06-08 12:02:46","post_content":"\n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
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      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
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      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
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      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
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      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
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      \n
      Over 20 million tokens were stolen from the Optimism Foundation after a botched transaction from liquidity providers.<\/p>\n\n\n\n
      Optimism is a Layer 2<\/a> solution for Ethereum which launched its Optimism Token ($OP) on June 1st. Wintermute acted as liquidity providers<\/a> for the launch, but the tokens were lost in transport through an error in the addresses provided. <\/li><\/ul>\n\n\n\n
      Optimism disclosed<\/a> that a hacker had managed to take advantage of the botched transaction and take the 20 million tokens for himself. Wintermute CEO Evgeny Gaevoy gave the hacker an ultimatum<\/a> and 1 week to follow through or he would involve authorities. The hacker returned the funds a day later.<\/li><\/ul>\n\n\n\n
      The hacker had sent a message<\/a> along with 1,000,000 OP tokens to Vitalik Buterin, co-founder of Ethereum, stating \u201cHello, Vitalik, I believe in you, just want to know your opinion on this. BTW, help to verify the return address and I will return the remaining after you. And hello Wintermute, sorry, I only have 18M and this is what I can return. Stay Optimistic!\u201d <\/li><\/ul>\n\n\n\n
      The hacker started depositing the tokens<\/a> hours later in batches of 1,000,000 OP tokens to the original address. So far 17,000,000 tokens have been deposited by the exploiter, 1,000,000 is being recovered from Buterins wallet and the remaining 2,000,000 tokens are being kept by the hacker as his bounty.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/optimismPBC\/status\/1535275163486457857?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1535275163486457857%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptoslate.com%2Foptimism-hacker-confirms-they-are-whitehat-returns-most-of-stolen-funds%2F\n<\/div><\/figure>\n\n\n\n
      See Related: <\/em><\/strong>Osmosis DEX Halted After $5M Exploit<\/a><\/p>\n","post_title":"Stay Optimistic! Hacker Returns 17M $OP Tokens","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stay-optimistic-hacker-returns-17m-op-tokens","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/osmosis-dex-halted-after-5m-exploit\/","post_modified":"2023-04-11 00:16:19","post_modified_gmt":"2023-04-10 14:16:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5586","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5575,"post_author":"1","post_date":"2022-06-11 22:06:42","post_date_gmt":"2022-06-11 12:06:42","post_content":"\n
      The VeChain Foundation has signed<\/a> a multi-year deal with the Ultimate Fighting Championship (UFC) worth a reported<\/a> US$100 million, making it one of UFCs largest ever.<\/p>\n\n\n\n
      VeChain becomes the first Layer-1<\/a> partner of the UFC and will start promoting as early as UFC 275 in Singapore on June 11th.<\/li><\/ul>\n\n\n\n
      VeChain reported<\/a> that they had only spent around $650,000 on marketing in Q1 of 2022, the deal with UFC shows a huge shift in their focus.<\/li><\/ul>\n\n\n\n
      VeChain will reach around 900 million televisions through 175 countries, with their name appearing on the official fighter ranking titles called \u201cUFC Rankings Powered by VeChain.\u201d This will make the partnership \u201cone of the deepest integrations within premier UFC assets of any sponsor in UFC history\" according to VeChain.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/vechainofficial\/status\/1534892007885361152\n<\/div><\/figure>\n","post_title":"VeChain Secures Multi-Year $100M Deal With The UFC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"vechain-secures-multi-year-100m-deal-with-the-ufc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer1","post_modified":"2022-06-12 17:35:50","post_modified_gmt":"2022-06-12 07:35:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5575","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5571,"post_author":"1","post_date":"2022-06-11 19:37:06","post_date_gmt":"2022-06-11 09:37:06","post_content":"\n
      Terra Labs employees have reportedly confirmed to the US Security and Exchange Commission (SEC) that CEO Do Kwon was withdrawing large sums of money every month prior to LUNA and UST's collapse<\/a>.<\/p>\n\n\n\n
      South Korean news outlet, Naver, reported<\/a> that over KRW$100 billion (~US$80,000,000) of company funds were being withdrawn in the few months leading up to the collapse of UST and its sister coin, LUNA.<\/li><\/ul>\n\n\n\n
      South Korean TV Network, JTBC, reported that the SEC secured internal statements that \"the funds flowed into dozens of cryptocurrency wallets.\" The funds were reportedly being siphoned to various wallets for operating expenses. <\/li><\/ul>\n\n\n\n
      These funds are reportedly being linked to suspicion of money laundering against Do Kwon. A key internal informant stated that Do Kwon had not received any official payments from the company.<\/li><\/ul>\n\n\n\n
      JTBC revealed a key designer from Terra Lab's stated \"We predicted the collapse of Terra and LUNA, and pointed out the danger to CEO Kwon Do-hyung several times, but they were ignored.\"<\/li><\/ul>\n","post_title":"Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-11 00:16:41","post_modified_gmt":"2023-04-10 14:16:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5571","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5519,"post_author":"1","post_date":"2022-06-08 22:02:46","post_date_gmt":"2022-06-08 12:02:46","post_content":"\n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
      Most Read
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      <\/p>\n","post_title":"Celcius Pauses All Withdrawals, Swaps, And Transfers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"celcius-pauses-all-withdrawals-swaps-and-transfers","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-05 20:38:25","post_modified_gmt":"2022-07-05 10:38:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5607","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5586,"post_author":"1","post_date":"2022-06-12 00:25:01","post_date_gmt":"2022-06-11 14:25:01","post_content":"\n
      Over 20 million tokens were stolen from the Optimism Foundation after a botched transaction from liquidity providers.<\/p>\n\n\n\n
      Optimism is a Layer 2<\/a> solution for Ethereum which launched its Optimism Token ($OP) on June 1st. Wintermute acted as liquidity providers<\/a> for the launch, but the tokens were lost in transport through an error in the addresses provided. <\/li><\/ul>\n\n\n\n
      Optimism disclosed<\/a> that a hacker had managed to take advantage of the botched transaction and take the 20 million tokens for himself. Wintermute CEO Evgeny Gaevoy gave the hacker an ultimatum<\/a> and 1 week to follow through or he would involve authorities. The hacker returned the funds a day later.<\/li><\/ul>\n\n\n\n
      The hacker had sent a message<\/a> along with 1,000,000 OP tokens to Vitalik Buterin, co-founder of Ethereum, stating \u201cHello, Vitalik, I believe in you, just want to know your opinion on this. BTW, help to verify the return address and I will return the remaining after you. And hello Wintermute, sorry, I only have 18M and this is what I can return. Stay Optimistic!\u201d <\/li><\/ul>\n\n\n\n
      The hacker started depositing the tokens<\/a> hours later in batches of 1,000,000 OP tokens to the original address. So far 17,000,000 tokens have been deposited by the exploiter, 1,000,000 is being recovered from Buterins wallet and the remaining 2,000,000 tokens are being kept by the hacker as his bounty.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/optimismPBC\/status\/1535275163486457857?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1535275163486457857%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptoslate.com%2Foptimism-hacker-confirms-they-are-whitehat-returns-most-of-stolen-funds%2F\n<\/div><\/figure>\n\n\n\n
      See Related: <\/em><\/strong>Osmosis DEX Halted After $5M Exploit<\/a><\/p>\n","post_title":"Stay Optimistic! Hacker Returns 17M $OP Tokens","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stay-optimistic-hacker-returns-17m-op-tokens","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/osmosis-dex-halted-after-5m-exploit\/","post_modified":"2023-04-11 00:16:19","post_modified_gmt":"2023-04-10 14:16:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5586","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5575,"post_author":"1","post_date":"2022-06-11 22:06:42","post_date_gmt":"2022-06-11 12:06:42","post_content":"\n
      The VeChain Foundation has signed<\/a> a multi-year deal with the Ultimate Fighting Championship (UFC) worth a reported<\/a> US$100 million, making it one of UFCs largest ever.<\/p>\n\n\n\n
      VeChain becomes the first Layer-1<\/a> partner of the UFC and will start promoting as early as UFC 275 in Singapore on June 11th.<\/li><\/ul>\n\n\n\n
      VeChain reported<\/a> that they had only spent around $650,000 on marketing in Q1 of 2022, the deal with UFC shows a huge shift in their focus.<\/li><\/ul>\n\n\n\n
      VeChain will reach around 900 million televisions through 175 countries, with their name appearing on the official fighter ranking titles called \u201cUFC Rankings Powered by VeChain.\u201d This will make the partnership \u201cone of the deepest integrations within premier UFC assets of any sponsor in UFC history\" according to VeChain.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/vechainofficial\/status\/1534892007885361152\n<\/div><\/figure>\n","post_title":"VeChain Secures Multi-Year $100M Deal With The UFC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"vechain-secures-multi-year-100m-deal-with-the-ufc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer1","post_modified":"2022-06-12 17:35:50","post_modified_gmt":"2022-06-12 07:35:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5575","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5571,"post_author":"1","post_date":"2022-06-11 19:37:06","post_date_gmt":"2022-06-11 09:37:06","post_content":"\n
      Terra Labs employees have reportedly confirmed to the US Security and Exchange Commission (SEC) that CEO Do Kwon was withdrawing large sums of money every month prior to LUNA and UST's collapse<\/a>.<\/p>\n\n\n\n
      South Korean news outlet, Naver, reported<\/a> that over KRW$100 billion (~US$80,000,000) of company funds were being withdrawn in the few months leading up to the collapse of UST and its sister coin, LUNA.<\/li><\/ul>\n\n\n\n
      South Korean TV Network, JTBC, reported that the SEC secured internal statements that \"the funds flowed into dozens of cryptocurrency wallets.\" The funds were reportedly being siphoned to various wallets for operating expenses. <\/li><\/ul>\n\n\n\n
      These funds are reportedly being linked to suspicion of money laundering against Do Kwon. A key internal informant stated that Do Kwon had not received any official payments from the company.<\/li><\/ul>\n\n\n\n
      JTBC revealed a key designer from Terra Lab's stated \"We predicted the collapse of Terra and LUNA, and pointed out the danger to CEO Kwon Do-hyung several times, but they were ignored.\"<\/li><\/ul>\n","post_title":"Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-11 00:16:41","post_modified_gmt":"2023-04-10 14:16:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5571","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5519,"post_author":"1","post_date":"2022-06-08 22:02:46","post_date_gmt":"2022-06-08 12:02:46","post_content":"\n
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after an exploit.<\/p>\n\n\n\n
      Osmosis was halted at block #4713064 after a bug was exploited within their liquidity pool<\/a>, leading to a confirmed<\/a> loss of around $5M.<\/li><\/ul>\n\n\n\n
      A liquidity pool is a pool of tokens locked within a smart contract that allows for liquidity on a DEX, to facilitate trades.<\/li><\/ul>\n\n\n\n
      This bug was noted in a now-deleted Reddit post<\/a> that stated \"Go put $5 in pool #1. Add liquidity, then remove liquidity. Now you have $15.\" Users were seen<\/a> to have been exploiting this prior to the halt.<\/li><\/ul>\n\n\n\n
      The Osmosis team confirmed<\/a> the bug has been identified and that a patch has been written. A bug report and action plan are coming, after which validators will be coordinated for a restart.<\/li><\/ul>\n\n\n\n
      \nhttps:\/\/twitter.com\/osmosiszone\/status\/1534470729797976064\n<\/div><\/figure>\n","post_title":"Osmosis DEX Halted After $5M Exploit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"osmosis-dex-halted-after-5m-exploit","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-pool","post_modified":"2022-06-12 00:41:56","post_modified_gmt":"2022-06-11 14:41:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5519","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
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      \n
      
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      \n
      CEL the token affiliated with the Celcius network has been hit hard today, falling over 50% to US$0.1943. Alongside Celcius, Bitcoin has dropped 9% today and Ethereum has dropped 12%.<\/li><\/ul>\n\n\n
      \n
      
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      \n
      Celcius states \"customers will continue to accrue rewards during the pause in line with our commitment to our customers.\" These rewards come from various liquidity pools<\/a> Celcius offers on its platform.<\/li><\/ul>\n\n\n\n
      CEL the token affiliated with the Celcius network has been hit hard today, falling over 50% to US$0.1943. Alongside Celcius, Bitcoin has dropped 9% today and Ethereum has dropped 12%.<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
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      \n
      The reason for the pause is that Celcius needed to stabilize liquidity and operations while steps were taken by Celcius to preserve and protect assets. Celcius users criticized the platform<\/a> for how they've managed funds and liquidity following Anchor's collapse alongside UST and LUNA.<\/li><\/ul>\n\n\n\n
      Celcius states \"customers will continue to accrue rewards during the pause in line with our commitment to our customers.\" These rewards come from various liquidity pools<\/a> Celcius offers on its platform.<\/li><\/ul>\n\n\n\n
      CEL the token affiliated with the Celcius network has been hit hard today, falling over 50% to US$0.1943. Alongside Celcius, Bitcoin has dropped 9% today and Ethereum has dropped 12%.<\/li><\/ul>\n\n\n\n
      
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      \n
      In a blog post published<\/a> on June 13th, Celcius announced that the action taken by the company is in the best interest of their community and will \"put Celsius in a better position to honor, over time, its withdrawal obligations.\"<\/li><\/ul>\n\n\n\n
      The reason for the pause is that Celcius needed to stabilize liquidity and operations while steps were taken by Celcius to preserve and protect assets. Celcius users criticized the platform<\/a> for how they've managed funds and liquidity following Anchor's collapse alongside UST and LUNA.<\/li><\/ul>\n\n\n\n
      Celcius states \"customers will continue to accrue rewards during the pause in line with our commitment to our customers.\" These rewards come from various liquidity pools<\/a> Celcius offers on its platform.<\/li><\/ul>\n\n\n\n
      CEL the token affiliated with the Celcius network has been hit hard today, falling over 50% to US$0.1943. Alongside Celcius, Bitcoin has dropped 9% today and Ethereum has dropped 12%.<\/li><\/ul>\n\n\n\n
      
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      \n
      Celcius the DeFi<\/a> lending platform has paused all withdrawals, swaps, and transfers between accounts due to \"extreme market conditions.\"<\/p>\n\n\n\n
      In a blog post published<\/a> on June 13th, Celcius announced that the action taken by the company is in the best interest of their community and will \"put Celsius in a better position to honor, over time, its withdrawal obligations.\"<\/li><\/ul>\n\n\n\n
      The reason for the pause is that Celcius needed to stabilize liquidity and operations while steps were taken by Celcius to preserve and protect assets. Celcius users criticized the platform<\/a> for how they've managed funds and liquidity following Anchor's collapse alongside UST and LUNA.<\/li><\/ul>\n\n\n\n
      Celcius states \"customers will continue to accrue rewards during the pause in line with our commitment to our customers.\" These rewards come from various liquidity pools<\/a> Celcius offers on its platform.<\/li><\/ul>\n\n\n\n
      CEL the token affiliated with the Celcius network has been hit hard today, falling over 50% to US$0.1943. Alongside Celcius, Bitcoin has dropped 9% today and Ethereum has dropped 12%.<\/li><\/ul>\n\n\n\n
      
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      \n
      Since this news TronDAO has stated<\/a> they will withdraw 2.5 billion $TRX from Binance to further \"safeguard the overall blockchain industry and crypto market.\" So far 1,788,999,997 TRX has been withdrawn<\/a>.<\/li><\/ul>\n","post_title":"USDD Algorithmic Stablecoin Remains Depegged After Two Days","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"usdd-algorithmic-stablecoin-remains-depegged-after-two-days","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/\nhttps:\/\/www.thedistributed.co\/dao\/","post_modified":"2023-04-30 21:34:17","post_modified_gmt":"2023-04-30 11:34:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5607,"post_author":"1","post_date":"2022-06-13 18:42:40","post_date_gmt":"2022-06-13 08:42:40","post_content":"\n
      Celcius the DeFi<\/a> lending platform has paused all withdrawals, swaps, and transfers between accounts due to \"extreme market conditions.\"<\/p>\n\n\n\n
      In a blog post published<\/a> on June 13th, Celcius announced that the action taken by the company is in the best interest of their community and will \"put Celsius in a better position to honor, over time, its withdrawal obligations.\"<\/li><\/ul>\n\n\n\n
      The reason for the pause is that Celcius needed to stabilize liquidity and operations while steps were taken by Celcius to preserve and protect assets. Celcius users criticized the platform<\/a> for how they've managed funds and liquidity following Anchor's collapse alongside UST and LUNA.<\/li><\/ul>\n\n\n\n
      Celcius states \"customers will continue to accrue rewards during the pause in line with our commitment to our customers.\" These rewards come from various liquidity pools<\/a> Celcius offers on its platform.<\/li><\/ul>\n\n\n\n
      CEL the token affiliated with the Celcius network has been hit hard today, falling over 50% to US$0.1943. Alongside Celcius, Bitcoin has dropped 9% today and Ethereum has dropped 12%.<\/li><\/ul>\n\n\n\n
      
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      \n
      The TronDAO<\/a> had administered<\/a> 700 million $USDC to defend the $USDD peg, leaving the reserve with a collateralization rate of almost 300%.<\/li><\/ul>\n\n\n\n
      Since this news TronDAO has stated<\/a> they will withdraw 2.5 billion $TRX from Binance to further \"safeguard the overall blockchain industry and crypto market.\" So far 1,788,999,997 TRX has been withdrawn<\/a>.<\/li><\/ul>\n","post_title":"USDD Algorithmic Stablecoin Remains Depegged After Two Days","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"usdd-algorithmic-stablecoin-remains-depegged-after-two-days","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/\nhttps:\/\/www.thedistributed.co\/dao\/","post_modified":"2023-04-30 21:34:17","post_modified_gmt":"2023-04-30 11:34:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5607,"post_author":"1","post_date":"2022-06-13 18:42:40","post_date_gmt":"2022-06-13 08:42:40","post_content":"\n
      Celcius the DeFi<\/a> lending platform has paused all withdrawals, swaps, and transfers between accounts due to \"extreme market conditions.\"<\/p>\n\n\n\n
      In a blog post published<\/a> on June 13th, Celcius announced that the action taken by the company is in the best interest of their community and will \"put Celsius in a better position to honor, over time, its withdrawal obligations.\"<\/li><\/ul>\n\n\n\n
      The reason for the pause is that Celcius needed to stabilize liquidity and operations while steps were taken by Celcius to preserve and protect assets. Celcius users criticized the platform<\/a> for how they've managed funds and liquidity following Anchor's collapse alongside UST and LUNA.<\/li><\/ul>\n\n\n\n
      Celcius states \"customers will continue to accrue rewards during the pause in line with our commitment to our customers.\" These rewards come from various liquidity pools<\/a> Celcius offers on its platform.<\/li><\/ul>\n\n\n\n
      CEL the token affiliated with the Celcius network has been hit hard today, falling over 50% to US$0.1943. Alongside Celcius, Bitcoin has dropped 9% today and Ethereum has dropped 12%.<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
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      November 24, 2024
      
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      \n
      
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      \n
      Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n
      \n
      
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      \n
      $USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
      Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n
      
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      \n
      \nhttps:\/\/twitter.com\/cz_binance\/status\/1536991743488446465\n<\/div><\/figure>\n","post_title":"Binance Announces Taxi Integration On Its App, Payable In BUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-announces-taxi-integration-on-its-app-payable-in-busd","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binances-bnb-is-being-pursued-by-the-sec-over-potential-ico-violations\/","post_modified":"2023-04-11 00:15:37","post_modified_gmt":"2023-04-10 14:15:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5681","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5679,"post_author":"1","post_date":"2022-06-15 21:30:47","post_date_gmt":"2022-06-15 11:30:47","post_content":"\n
      $USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
      Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n
      
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      \n
      See Related:<\/em><\/strong> Binance\u2019s BNB Is Being Pursued By The SEC Over Potential ICO Violations<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/cz_binance\/status\/1536991743488446465\n<\/div><\/figure>\n","post_title":"Binance Announces Taxi Integration On Its App, Payable In BUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-announces-taxi-integration-on-its-app-payable-in-busd","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binances-bnb-is-being-pursued-by-the-sec-over-potential-ico-violations\/","post_modified":"2023-04-11 00:15:37","post_modified_gmt":"2023-04-10 14:15:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5681","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5679,"post_author":"1","post_date":"2022-06-15 21:30:47","post_date_gmt":"2022-06-15 11:30:47","post_content":"\n
      $USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
      Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n
      
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      Follow The Distributed
      
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      \n
      Binance Pay spokesperson Pakning Luk stated that \"Without leaving the Binance App, Pay users have the full capabilities of the Splyt service, allowing them to explore new places and experiences wherever they find themselves.\"<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> Binance\u2019s BNB Is Being Pursued By The SEC Over Potential ICO Violations<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/cz_binance\/status\/1536991743488446465\n<\/div><\/figure>\n","post_title":"Binance Announces Taxi Integration On Its App, Payable In BUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-announces-taxi-integration-on-its-app-payable-in-busd","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binances-bnb-is-being-pursued-by-the-sec-over-potential-ico-violations\/","post_modified":"2023-04-11 00:15:37","post_modified_gmt":"2023-04-10 14:15:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5681","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5679,"post_author":"1","post_date":"2022-06-15 21:30:47","post_date_gmt":"2022-06-15 11:30:47","post_content":"\n
      $USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
      Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n
      
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      Follow The Distributed
      
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      \n
      Binance founder, Changpeng \"CZ\" Zhao shared a video<\/a> showing the ability to book a taxi through Binance. The video showed the ability to book a taxi using Binance Pay, with the video showing the purchase in Binance USD ($BUSD).<\/li><\/ul>\n\n\n\n
      Binance Pay spokesperson Pakning Luk stated that \"Without leaving the Binance App, Pay users have the full capabilities of the Splyt service, allowing them to explore new places and experiences wherever they find themselves.\"<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> Binance\u2019s BNB Is Being Pursued By The SEC Over Potential ICO Violations<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/cz_binance\/status\/1536991743488446465\n<\/div><\/figure>\n","post_title":"Binance Announces Taxi Integration On Its App, Payable In BUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-announces-taxi-integration-on-its-app-payable-in-busd","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binances-bnb-is-being-pursued-by-the-sec-over-potential-ico-violations\/","post_modified":"2023-04-11 00:15:37","post_modified_gmt":"2023-04-10 14:15:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5681","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5679,"post_author":"1","post_date":"2022-06-15 21:30:47","post_date_gmt":"2022-06-15 11:30:47","post_content":"\n
      $USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
      Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n
      
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      November 24, 2024
      
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      Follow The Distributed
      
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      \n
      CEO and Co-Founder of Splyt, Philipp Mintchin stated that \"We're thrilled to partner with Binance...as it pioneers the integration of ride-hailing and experiences.\"<\/li><\/ul>\n\n\n\n
      Binance founder, Changpeng \"CZ\" Zhao shared a video<\/a> showing the ability to book a taxi through Binance. The video showed the ability to book a taxi using Binance Pay, with the video showing the purchase in Binance USD ($BUSD).<\/li><\/ul>\n\n\n\n
      Binance Pay spokesperson Pakning Luk stated that \"Without leaving the Binance App, Pay users have the full capabilities of the Splyt service, allowing them to explore new places and experiences wherever they find themselves.\"<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> Binance\u2019s BNB Is Being Pursued By The SEC Over Potential ICO Violations<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/cz_binance\/status\/1536991743488446465\n<\/div><\/figure>\n","post_title":"Binance Announces Taxi Integration On Its App, Payable In BUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-announces-taxi-integration-on-its-app-payable-in-busd","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binances-bnb-is-being-pursued-by-the-sec-over-potential-ico-violations\/","post_modified":"2023-04-11 00:15:37","post_modified_gmt":"2023-04-10 14:15:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5681","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5679,"post_author":"1","post_date":"2022-06-15 21:30:47","post_date_gmt":"2022-06-15 11:30:47","post_content":"\n
      $USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
      Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n
      
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      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      NASDAQ reports<\/a> that \"Splyt's network of partners covers mobility in over 150 countries, and offers over 300,000 trips, tickets, and things-to-do worldwide,\" with a smartphone network available to billions.<\/li><\/ul>\n\n\n\n
      CEO and Co-Founder of Splyt, Philipp Mintchin stated that \"We're thrilled to partner with Binance...as it pioneers the integration of ride-hailing and experiences.\"<\/li><\/ul>\n\n\n\n
      Binance founder, Changpeng \"CZ\" Zhao shared a video<\/a> showing the ability to book a taxi through Binance. The video showed the ability to book a taxi using Binance Pay, with the video showing the purchase in Binance USD ($BUSD).<\/li><\/ul>\n\n\n\n
      Binance Pay spokesperson Pakning Luk stated that \"Without leaving the Binance App, Pay users have the full capabilities of the Splyt service, allowing them to explore new places and experiences wherever they find themselves.\"<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> Binance\u2019s BNB Is Being Pursued By The SEC Over Potential ICO Violations<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/cz_binance\/status\/1536991743488446465\n<\/div><\/figure>\n","post_title":"Binance Announces Taxi Integration On Its App, Payable In BUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-announces-taxi-integration-on-its-app-payable-in-busd","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binances-bnb-is-being-pursued-by-the-sec-over-potential-ico-violations\/","post_modified":"2023-04-11 00:15:37","post_modified_gmt":"2023-04-10 14:15:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5681","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5679,"post_author":"1","post_date":"2022-06-15 21:30:47","post_date_gmt":"2022-06-15 11:30:47","post_content":"\n
      $USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
      Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n
      
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      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
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      August 15, 2024
      
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      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Binance has announced<\/a> that it will give users the ability to book a taxi via its app through a partnership with super-app enabler, Splyt.<\/p>\n\n\n\n
      NASDAQ reports<\/a> that \"Splyt's network of partners covers mobility in over 150 countries, and offers over 300,000 trips, tickets, and things-to-do worldwide,\" with a smartphone network available to billions.<\/li><\/ul>\n\n\n\n
      CEO and Co-Founder of Splyt, Philipp Mintchin stated that \"We're thrilled to partner with Binance...as it pioneers the integration of ride-hailing and experiences.\"<\/li><\/ul>\n\n\n\n
      Binance founder, Changpeng \"CZ\" Zhao shared a video<\/a> showing the ability to book a taxi through Binance. The video showed the ability to book a taxi using Binance Pay, with the video showing the purchase in Binance USD ($BUSD).<\/li><\/ul>\n\n\n\n
      Binance Pay spokesperson Pakning Luk stated that \"Without leaving the Binance App, Pay users have the full capabilities of the Splyt service, allowing them to explore new places and experiences wherever they find themselves.\"<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> Binance\u2019s BNB Is Being Pursued By The SEC Over Potential ICO Violations<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/cz_binance\/status\/1536991743488446465\n<\/div><\/figure>\n","post_title":"Binance Announces Taxi Integration On Its App, Payable In BUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-announces-taxi-integration-on-its-app-payable-in-busd","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binances-bnb-is-being-pursued-by-the-sec-over-potential-ico-violations\/","post_modified":"2023-04-11 00:15:37","post_modified_gmt":"2023-04-10 14:15:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5681","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5679,"post_author":"1","post_date":"2022-06-15 21:30:47","post_date_gmt":"2022-06-15 11:30:47","post_content":"\n
      $USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
      Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n
      
      Previous 1 … 70 71 72 73 74 … 85 Next
      
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      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      June 17, 2022 - Updated on April 11, 2023
      
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      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      See Related:<\/em><\/strong> New ATH For Bitcoin Hashrate<\/a> (Feburary 15th, 2022)<\/p>\n","post_title":"Bitcoin Hashrate, Network Difficulty Hits All-Time Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-hashrate-network-difficulty-hits-all-time-highs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/new-ath-for-bitcoin-hashrate\/\nhttps:\/\/www.thedistributed.co\/mining-hashrate\/","post_modified":"2023-04-11 00:15:24","post_modified_gmt":"2023-04-10 14:15:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5704","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5681,"post_author":"1","post_date":"2022-06-15 21:57:46","post_date_gmt":"2022-06-15 11:57:46","post_content":"\n
      Binance has announced<\/a> that it will give users the ability to book a taxi via its app through a partnership with super-app enabler, Splyt.<\/p>\n\n\n\n
      NASDAQ reports<\/a> that \"Splyt's network of partners covers mobility in over 150 countries, and offers over 300,000 trips, tickets, and things-to-do worldwide,\" with a smartphone network available to billions.<\/li><\/ul>\n\n\n\n
      CEO and Co-Founder of Splyt, Philipp Mintchin stated that \"We're thrilled to partner with Binance...as it pioneers the integration of ride-hailing and experiences.\"<\/li><\/ul>\n\n\n\n
      Binance founder, Changpeng \"CZ\" Zhao shared a video<\/a> showing the ability to book a taxi through Binance. The video showed the ability to book a taxi using Binance Pay, with the video showing the purchase in Binance USD ($BUSD).<\/li><\/ul>\n\n\n\n
      Binance Pay spokesperson Pakning Luk stated that \"Without leaving the Binance App, Pay users have the full capabilities of the Splyt service, allowing them to explore new places and experiences wherever they find themselves.\"<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> Binance\u2019s BNB Is Being Pursued By The SEC Over Potential ICO Violations<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/cz_binance\/status\/1536991743488446465\n<\/div><\/figure>\n","post_title":"Binance Announces Taxi Integration On Its App, Payable In BUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-announces-taxi-integration-on-its-app-payable-in-busd","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binances-bnb-is-being-pursued-by-the-sec-over-potential-ico-violations\/","post_modified":"2023-04-11 00:15:37","post_modified_gmt":"2023-04-10 14:15:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5681","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5679,"post_author":"1","post_date":"2022-06-15 21:30:47","post_date_gmt":"2022-06-15 11:30:47","post_content":"\n
      $USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
      Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n
      
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      \n
      
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      \n
      Bitcoin is currently trading at around US$21,000, declining over 30% within the last week alone. <\/li><\/ul>\n\n\n
      \n
      
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      \n
      Along with hashrate, the network difficulty had also hit an all-time high<\/a> at 31.251 trillion.<\/li><\/ul>\n\n\n\n
      Bitcoin is currently trading at around US$21,000, declining over 30% within the last week alone. <\/li><\/ul>\n\n\n\n
      
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      \n
      With this increase, it means that there are more mining nodes<\/a> connected to the network, increasing the competition and difficulty among them.<\/li><\/ul>\n\n\n\n
      Along with hashrate, the network difficulty had also hit an all-time high<\/a> at 31.251 trillion.<\/li><\/ul>\n\n\n\n
      Bitcoin is currently trading at around US$21,000, declining over 30% within the last week alone. <\/li><\/ul>\n\n\n\n
      
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      \n
      Hashrate is the computational power needed to verify transactions in a proof-of-work blockchain like Bitcoin. The Bitcoin hash rate had hit over 266.406 terahashes (266,406,000,000,000)\u00a0according to data<\/a>\u00a0from Blockchain.com. <\/li><\/ul>\n\n\n\n
      With this increase, it means that there are more mining nodes<\/a> connected to the network, increasing the competition and difficulty among them.<\/li><\/ul>\n\n\n\n
      Along with hashrate, the network difficulty had also hit an all-time high<\/a> at 31.251 trillion.<\/li><\/ul>\n\n\n\n
      Bitcoin is currently trading at around US$21,000, declining over 30% within the last week alone. <\/li><\/ul>\n\n\n\n
      
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      \n
      Recent market declines have sent coins tumbling, although Bitcoin's hashrate<\/a> and network difficulty has hit all-time highs.<\/p>\n\n\n\n
      Hashrate is the computational power needed to verify transactions in a proof-of-work blockchain like Bitcoin. The Bitcoin hash rate had hit over 266.406 terahashes (266,406,000,000,000)\u00a0 according to data<\/a>\u00a0from Blockchain.com. <\/li><\/ul>\n\n\n\n
      With this increase, it means that there are more mining nodes<\/a> connected to the network, increasing the competition and difficulty among them.<\/li><\/ul>\n\n\n\n
      Along with hashrate, the network difficulty had also hit an all-time high<\/a> at 31.251 trillion.<\/li><\/ul>\n\n\n\n
      Bitcoin is currently trading at around US$21,000, declining over 30% within the last week alone. <\/li><\/ul>\n\n\n\n
      
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      \n
      
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      \n
      Back in January, it was announced that Tesla was officially accepting Dogecoin<\/a> for certain payments and then in February it was announced that Dogecoin was being accepted as payment at Tesla superchargers<\/a>.<\/li><\/ul>\n\n\n
      \n
      
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      \n
      Johnson wishes that under federal and New York law, Dogecoin should be considered gambling and that Tesla and SpaceX should be forbidden from ever promoting it again.<\/li><\/ul>\n\n\n\n
      Back in January, it was announced that Tesla was officially accepting Dogecoin<\/a> for certain payments and then in February it was announced that Dogecoin was being accepted as payment at Tesla superchargers<\/a>.<\/li><\/ul>\n\n\n\n
      
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      \n
      Along with Musk, the lawsuit includes both Tesla and SpaceX as part of the alleged pyramid scheme, although according to Reuters<\/a> there is yet to be any specific evidence that proves Dogecoin is worthless and that Musk had run a pyramid scheme.<\/li><\/ul>\n\n\n\n
      Johnson wishes that under federal and New York law, Dogecoin should be considered gambling and that Tesla and SpaceX should be forbidden from ever promoting it again.<\/li><\/ul>\n\n\n\n
      Back in January, it was announced that Tesla was officially accepting Dogecoin<\/a> for certain payments and then in February it was announced that Dogecoin was being accepted as payment at Tesla superchargers<\/a>.<\/li><\/ul>\n\n\n\n
      
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      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
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      \n
      Bloomberg reports<\/a> that Musk is being targeted by Keith Johnson, an American citizen who claims that he was \u201cdefrauded out of money by [Musk\u2019s] Crypto Pyramid Scheme.\" Johnson seeks $258 billion in total with $86 billion in damages and $172 billion in treble damages.<\/li><\/ul>\n\n\n\n
      Along with Musk, the lawsuit includes both Tesla and SpaceX as part of the alleged pyramid scheme, although according to Reuters<\/a> there is yet to be any specific evidence that proves Dogecoin is worthless and that Musk had run a pyramid scheme.<\/li><\/ul>\n\n\n\n
      Johnson wishes that under federal and New York law, Dogecoin should be considered gambling and that Tesla and SpaceX should be forbidden from ever promoting it again.<\/li><\/ul>\n\n\n\n
      Back in January, it was announced that Tesla was officially accepting Dogecoin<\/a> for certain payments and then in February it was announced that Dogecoin was being accepted as payment at Tesla superchargers<\/a>.<\/li><\/ul>\n\n\n\n
      
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      \n
      Elon Musk is being targeted by a class-action lawsuit over allegations that he was running a pyramid scheme to promote the meme coin $DOGE.<\/p>\n\n\n\n
      Bloomberg reports<\/a> that Musk is being targeted by Keith Johnson, an American citizen who claims that he was \u201cdefrauded out of money by [Musk\u2019s] Crypto Pyramid Scheme.\" Johnson seeks $258 billion in total with $86 billion in damages and $172 billion in treble damages.<\/li><\/ul>\n\n\n\n
      Along with Musk, the lawsuit includes both Tesla and SpaceX as part of the alleged pyramid scheme, although according to Reuters<\/a> there is yet to be any specific evidence that proves Dogecoin is worthless and that Musk had run a pyramid scheme.<\/li><\/ul>\n\n\n\n
      Johnson wishes that under federal and New York law, Dogecoin should be considered gambling and that Tesla and SpaceX should be forbidden from ever promoting it again.<\/li><\/ul>\n\n\n\n
      Back in January, it was announced that Tesla was officially accepting Dogecoin<\/a> for certain payments and then in February it was announced that Dogecoin was being accepted as payment at Tesla superchargers<\/a>.<\/li><\/ul>\n\n\n\n
      
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      Cryptocurrencies
      
      Altcoins
      
      Elon Musk Is Being Sued For $258B Over Dogecoin “Pyramid Scheme”
      
      Elon Musk is being targeted by a class-action lawsuit over allegations that he was running a pyramid scheme to promote ...
      
      by The Distributed Team
      June 17, 2022
      
      Bitcoin
      
      Bitcoin Hashrate, Network Difficulty Hits All-Time Highs
      
      Recent market declines have sent coins tumbling, although Bitcoin's hashrate and network difficulty has hit all-time highs. Hashrate is the ...
      
      by The Distributed Team
      June 16, 2022
      
      Stablecoins
      
      Binance Announces Taxi Integration On Its App, Payable In BUSD
      
      Binance has announced that it will give users the ability to book a taxi via its app through a partnership ...
      
      by The Distributed Team
      June 15, 2022
      
      Stablecoins
      
      USDD Algorithmic Stablecoin Remains Depegged After Two Days
      
      $USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the ...
      
      by The Distributed Team
      June 15, 2022
      
      Business
      
      Celcius Pauses All Withdrawals, Swaps, And Transfers
      
      Celcius the DeFi lending platform has paused all withdrawals, swaps, and transfers between accounts due to "extreme market conditions." In ...
      
      by The Distributed Team
      June 13, 2022
      
      Altcoins
      
      Stay Optimistic! Hacker Returns 17M $OP Tokens
      
      Over 20 million tokens were stolen from the Optimism Foundation after a botched transaction from liquidity providers. Optimism is a ...
      
      by The Distributed Team
      June 12, 2022
      
      Business
      
      VeChain Secures Multi-Year $100M Deal With The UFC
      
      The VeChain Foundation has signed a multi-year deal with the Ultimate Fighting Championship (UFC) worth a reported US$100 million, making ...
      
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      Business
      
      Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse
      
      Terra Labs employees have reportedly confirmed to the US Security and Exchange Commission (SEC) that CEO Do Kwon was withdrawing ...
      
      by The Distributed Team
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      Hacks
      
      Osmosis DEX Halted After $5M Exploit
      
      Osmosis is a popular decentralized exchange (DEX) based on the Cosmos ecosystem, it was halted by its developers today after ...
      
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      Business
      
      Binance’s BNB Is Being Pursued By The SEC Over Potential ICO Violations
      
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential ...
      
      by The Distributed Team
      June 7, 2022
      
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