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User Reports $1 Million Theft After Social Engineering Attack
According to Odaily, a user identified as @lsp8940 reported that their account was compromised, leading to a theft of $1 million. The incident involved a hacker impersonating a Twitter account, which appeared legitimate at first glance. The hacker posed as a friend and the CEO of a project, leveraging previous interactions to gain trust. They invited the user to a meeting about project development via a Zoom link. The user, having experienced issues with Zoom previously, reinstalled the applicat
Bitcoin(BTC) Drops Below 94,000 USDT with a 0.09% Decrease in 24 Hours
On Dec 24, 2024, 02:12 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 94,000 USDT and is now trading at 93,961.453125 USDT, with a narrowed 0.09% decrease in 24 hours.
According to BlockBeats, monitoring data from Farside indicates that on December 23, FETH experienced a net inflow of $46.4 million, while ETHW saw a net inflow of $1 million.
Grayscale Opens Private Placement for 22 Cryptocurrency Trusts
According to PANews, Grayscale has announced the opening of private placements for 22 cryptocurrency trust products to qualified investors. These offerings include mainstream tokens such as AAVE, AVAX, LINK, SOL, and XRP, as well as funds focused on specific sectors like decentralized finance (DeFi) and artificial intelligence (AI). Investors can subscribe based on the net asset value (NAV).
The newly available products feature thematic funds like the Grayscale Decentralized AI Fund and the Gra
South Korean Ruling Party Appoints New Emergency Committee Chair
According to Odaily, on the 24th local time, South Korean ruling party lawmaker Kwon Young-se has been appointed as the chairman of the Emergency Response Committee. This appointment fills the vacancy left by Han Dong-hoon and aims to guide the ruling party forward.
James Fickel Reduces ETH/BTC Long Position Amid Market Fluctuations
According to PANews, on-chain analyst Yu Jin reported that ETH/BTC long position holder James Fickel has further reduced his position by selling 6,500 ETH, equivalent to approximately $22.24 million, in exchange for 235.6 WBTC to repay his loan.
At the peak of his position in late May, Fickel had borrowed 2,987 WBTC, valued at $204.7 million, on Aave to purchase ETH at an average exchange rate of 0.054. However, as the ETH/BTC exchange rate declined, Fickel began reducing his position in Augus
South Korea Delays Virtual Asset Taxation By Two Years
According to PANews, South Korea's acting President Han Duck-soo intends to announce a tax amendment during the state council meeting on December 24. This amendment includes a two-year postponement of the planned taxation on virtual assets.
Microsoft Considers Replacing OpenAI Model in Copilot
According to Odaily, recent indications suggest that Microsoft and OpenAI may be diverging in their collaborative efforts. Reports indicate that Microsoft is exploring the possibility of replacing the OpenAI model currently used in its key product, Copilot.
According to BlockBeats, AAVE has experienced a significant increase in value, rising over 21% in the past 24 hours. As of now, the cryptocurrency is priced at $385.88.
Moonhacker Contract Suffers Flash Loan Attack, Incurring $320,000 Loss
According to Odaily, CertiK Alert has reported that the Moonhacker contract has been targeted in a flash loan attack, resulting in a loss of approximately $320,000. The vulnerability was identified in the Moonwell lending pool on the Optimism platform. The attacker exploited the contract by inputting the attack contract address as 'mToken,' thereby gaining unauthorized access to additional Moonhacker tokens and depleting them.
North Korean Hackers Implicated In Major Bitcoin Theft
According to Odaily, the Japanese National Police Agency announced on December 24 that the cyberattack on the cryptocurrency exchange DMM Bitcoin, resulting in the theft of Bitcoin valued at 48.2 billion yen, was orchestrated by the North Korean hacking group TraderTraitor. South Korean authorities have confirmed the criminal activity. The investigation, conducted in collaboration with the FBI and the U.S. Department of Defense Cyber Crime Center, identified the perpetrators of the theft of 4,50
Grayscale Submits 8-K Form For Horizen Trust To SEC
According to BlockBeats, on December 24, market sources reported that Grayscale has submitted an 8-K form for the Grayscale Horizen Trust (ZEN) to the U.S. Securities and Exchange Commission (SEC).
Bitcoin(BTC) Surpasses 95,000 USDT with a Narrowed 0.45% Decrease in 24 Hours
On Dec 23, 2024, 22:59 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 95,000 USDT benchmark and is now trading at 95,130.3125 USDT, with a narrowed narrowed 0.45% decrease in 24 hours.
Aave Considers Chainlink Oracle Integration To Capture MEV Profits
According to Cointelegraph, Aave is evaluating the integration of a new Chainlink oracle aimed at redirecting profits from transaction frontrunning to its users. This development follows a proposal in Aaveās governance forum, highlighting the potential benefits of Chainlink's Smart Value Recapture (SVR) service. Released on December 23, SVR is designed to capture profits from Maximum Extractable Value (MEV) to support decentralized finance (DeFi) protocols.
Cryptocurrency Thefts Surpass $2.2 Billion in 2024, Report Reveals
According to Odaily, a report by Chainalysis indicates that cryptocurrency thefts have exceeded $2.2 billion in 2024. The increase in hacking incidents marks the fifth consecutive year where stolen amounts have surpassed $1 billion.
IRS Reaffirms Stance On Taxation Of Staking Rewards
According to Cointelegraph, the Internal Revenue Service (IRS) has maintained its position that rewards from cryptocurrency staking activities are taxable upon receipt, countering a legal challenge that sought to defer taxation until these rewards are sold or exchanged. This stance was reiterated in response to a lawsuit filed by Joshua and Jessica Jarrett, who argued that staking rewards should be considered new property and taxed only upon sale. The IRS, however, insists that these rewards are
Ethereum(ETH) Surpasses 3,400 USDT with a 3.45% Increase in 24 Hours
On Dec 23, 2024, 20:59 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,400 USDT benchmark and is now trading at 3,402.709961 USDT, with a narrowed 3.45% increase in 24 hours.