DeFi vulnerability leading to $6.7M exploit ‘not detected’ by auditors
The project was previously audited by Trail of Bits and Hats Finance. Go to Source
Cryptocurrencies
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Taiwanese crypto exchange and VASP member Bitgin under investigation for money laundering
The exchange confirmed its chief operating officer’s brief relationship with an alleged money laundering group in a statement on Nov. 13. Go to Source
Crypto news site The Block shakes off SBF ties with Foresight Ventures deal
The Block bagged a $70 million valuation after it sold a majority stake to a Singapore-based venture capital firm, severing financial ties to scandal-ridden FTX. Go to Source
Bitget drops plans to seek crypto license in Hong Kong
Crypto exchange Bitget has abandoned plans for a crypto license in Hong Kong, asking users to withdraw their assets by Dec. 13. Go to Source
Chinese hackers use fake Skype app to target crypto users in new phishing scam
Crypto security firm SlowMist has discovered 100 wallet addresses linked to a phishing scam that drained hundreds of thousands of dollars from unsuspecting crypto users. Go to Source
XRPL’s fixReducedOffersV1 upgrade initiates 80% consensus countdown
FixReducedOffersV1 aims to minimize the prevalence of order books obscured by reduced offers, enhancing the overall functionality of the XRPL. Go to Source
Indian Supreme court rejects crypto petition, highlights legislative nature
Listening to the plea, the bench headed by the Chief Justice of India (CJI) remarked that the petitioner’s demands are more legislative in nature. Go to Source
Ripple faces slim odds of $770M disgorgement – XRP holder Attorney
Deaton underscores that the legal action against Ripple is not centered on fraud but rather constitutes a regulatory disagreement. Go to Source
Mango Markets’ exploiter to face trial in April, and Coinflux shuts multichain: Finance Redefined
The Mango Markets exploiter’s trial was first scheduled for December 2023; however, during one of the court hearings, the accused convinced the judge to delay the trials for a few months. Go to Source
Genesis seeks court’s approval to reduce 3AC claim from $1B to $33M
Bankrupt lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund 3AC. Go to Source