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Report: Turkey’s September Gold Imports up by 1,700% as Individuals Swap Falling Lira With the Precious Metal
15.10.2022
Turkey’s gold imports of just over 39,000 kilograms in September 2022 are more than 16 times the quantity that was brought into the country in September 2021. The surge in Turkey’s gold imports is reportedly being spurred by the rise in demand for the precious metal by individuals...
Crypto Hacker Agrees to Pay $22M in AT&T SIM-Swap Case
14.10.2022
A 15-year-old crypto hacker that swindled crypto investor Michael Terpin out of millions has agreed to pay $22 million to the victim, according to a court filing in the Southern District of New York
Main hacker in Transit Swap exploit agrees to return remaining funds
10.10.2022
Under the agreement, more than $2 million would be returned to Transit Swap users
Transit Swap ‘hacker’ returns lion’s share of $23M in stolen funds: Finance Redefined
7.10.2022
Majority of the DeFi tokens in Top-100 traded in red barring a few, thanks to the weekend rout in the market correction towards the end of the week
Transit Swap Exploiter Returns Large Chunk of $28.9M Hack
3.10.2022
Transit Swap, a cross-chain decentralized finance (DeFi) protocol, has received 70% of stolen funds back from a hacker that exploited a smart contract vulnerability
Hacker Exploits Transit Swap and Steals $23 Million – Here’s Everything You Need to Know
3.10.2022
Decentralized exchange (DEX) aggregator Transit Swap had lost $23 million in a hack - before $16.1 million was returned.
Another day, another decentralized finance (DeFi) hack. This time around, the target was Transit Swap, which confirmed on Sunday that a hacker had managed to exploit "a bug...
Hackers Steal $21 Million by Exploiting a Flaw in Transit Swap
3.10.2022
Transit Swap published a Tweet to share the news that a hacker had recently stolen $21 million from its network. Reportedly, the hacker exploited the bug issue on the Swap contract to steal funds. An investigation is underway to track the hacker and recover funds. Nearly 70% of funds have returned...
Transit Swap ‘hacker’ returns 70% of $23M in stolen funds
3.10.2022
The funds returned so far has come in the form of Ether (ETH), Binance-pegged ETH and BNB ($14.2 million)
‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels
2.10.2022
It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed bankruptcy. Close to 14 years later, Credit Suisse and Deutsche Bank, two of the world’s largest banks, are suffering from...
Transit Swap loses over $21M due to internal bug hack, issues apology
2.10.2022
“We are deeply sorry,” stated Transit Swap while revealing that a bug in the code allowed a hacker to make away with an estimated $21 million
OKC Announces IBC Transfers, OKC Bridge, and OKC Swap to Boost Interoperability
15.9.2022
OKC looks forward to adopting a multi-chain approach while enabling seamless cross-chain transactions. The objective is to boost interoperability, and for the same purpose, the platform has announced three new features, namely IBC Transfers, OKC Bridge, and OKC Swap. Projects are already being...
Lawyer of Alleged Crypto Launderer Vinnik Calls on Russia to Talk Prisoner Swap With US
7.9.2022
A lawyer representing Russian IT specialist Alexander Vinnik has urged the government in Moscow to discuss a potential exchange of prisoners with the United States, where he was recently extradited. The French legal expert is convinced only a return to his homeland could save Vinnik who...
First Mover Asia: Binance’s USDC Swap-Out Isn’t What You Think it Is; What's Behind Bitcoin's Late Dive?
7.9.2022
The exchange is hoping to generate one big pool for USD stablecoins to be used for trading and powered by Binance’s USD stablecoin; bitcoin drops below $19K
Basketball star for a crypto launderer? Alexander Vinnik's lawyers considers prisoner swap: Report
6.9.2022
Though political tensions may be high between the U.S. and Russia, authorities still negotiated a prisoner swap of Trevor Reed for drug smuggler Konstantin Yaroshenko in April
Lawyer For Alleged Russian Crypto Launderer Seeks Prisoner Swap With U.S.
6.9.2022
As the relations between the U.S. and Russia remain stringent due to the latter country’s invasion of Ukraine, a lawyer for a Russian citizen accused of laundering more than USD 4bn worth of crypto has called on the Kremlin to facilitate a prisoner exchange involving his client with...
California Man Must Pay $61K in Restitution for SIM Swap Scam That Stole One Victim's Crypto
11.8.2022
The swindle defrauded Apple and targeted at least 40 people
L2 Scaling Solution Arbitrum Schedules Nitro Rollup Stack Upgrade for August 31
7.8.2022
On August 4, Arbitrum One, the layer two (L2) Ethereum scaling solution, announced the protocol will implement a significant upgrade called Nitro in 25 days. The highly anticipated Nitro migration will take place on August 31, exactly one year after Offchain Labs, the Arbitrum project maintainers...
Ethereum Classic Climbs 124% in 2 Weeks, Hashrate Spikes, KRW Captures 20% of ETC’s Trade Volume
28.7.2022
Roughly six years ago in July 2016, an Ethereum hard fork was used to address the infamous DAO hack. This specific fork saw the chain split into two factions, and a new crypto asset called ethereum classic was introduced to the crypto community. For years now both chains have co-existed using...
Ghana Ranked as Country With Second-Highest Debt Default Risk Globally
21.7.2022
According to Visual Capitalist, Ghana is now placed second on its list of countries with the highest default risk in 2022. Only four countries, namely, Ukraine 10,856 basis points (bps), Argentina (4,470), El Salvador (3,376), and Ethiopia (3,035) have a credit default swap spread that is higher...
Gate.io Suspends SWINGBY Trading to Support ERC20 Swap
22.6.2022
Through its official Twitter handle, Gate.io announced its support for Swingby Protocol. The exchange will begin suspending all deposits and tradings for SWINGBY from June 22 in preparation for the swap. The platform will have entirely removed the support for SWINGBY BEP9 tokens by June 30. Swingby...