Hack

Axie Infinity: Almost 20 days after the Ronin hack, are investors still wary of AXS

Axie Infinity: Almost 20 days after the Ronin hack, are investors still wary of AXS

Earlier this month, Ronin, the Ethereum Sidechain that hosts the popular play-to-earn blockchain game Axie Infinity was hit by hackers. The hack was deemed to be one of the biggest hacks in crypto history totaling $622 million in crypto. Last week, Binance reported that it recovered $5.8m of the stolen $622 million. Similarly, the U.S …

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Cream Plunges on News That Hack Compensation Will Inflate Token Supply

Cream Plunges on News That Hack Compensation Will Inflate Token Supply

To recompense victims of the attack, Cream said it will issue to certain affected members 1.45 million CREAM tokens from the service’s treasury. While Cream has 9 million coins outstanding, per CoinMarketCap, only 150,000 of those are in circulation. By so rapidly expanding the supply of coins in circulation, it’s bound to affect demand and …

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The U.S. government is circulating a questionnaire for EtherDelta hack victims

The U.S. government is circulating a questionnaire for EtherDelta hack victims

The U.S. Attorney General and Secret Service have put out a request for information from victims of the 2017 EtherDelta hack.  The U.S. attorney’s office for the Northern District of California indicted Elliot Gunton and Anthony Tyler Nashatka for the hack in August of 2019. The two allegedly modified the Ethereum-based exchange’s domain name system …

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Decentralized Governance in the Wild – Lessons From the KuCoin Hack

Decentralized Governance in the Wild – Lessons From the KuCoin Hack

Blockchain-based networks provide a unique and unprecedented opportunity to experiment with new forms of organization – both organization of information and software processes as well as governing human action. But nobody ever said creating new forms of organization would be easy, or glitch-free. When a group of enthusiastic entrepreneurs or developers design a new blockchain-based …

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CoinDesk's Twitter Hack Proved the Media Can't Rely on Web 2.0

CoinDesk’s Twitter Hack Proved the Media Can’t Rely on Web 2.0

A rundown from one of CoinDesk’s editorial Slack channels during an action-packed hour on Wednesday last week reads like a high-pace drama.  It tells the tale of a news team going through a process of incremental information discovery.  First, there’s the realization that a big story – a massive hack on Twitter – is developing. …

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Elliptic says 22% of bitcoins from Twitter hack were likely sent to a Wasabi Wallet address for mixing

Elliptic says 22% of bitcoins from Twitter hack were likely sent to a Wasabi Wallet address for mixing

Blockchain analysis company Elliptic released a report today saying 2.89 bitcoins were sent to an address it believes to be a part of a Wasabi Wallet.  According to the report, the funds, which account for 22% of the funds obtained by the Twitter hacker, were sent to a Wasabi Wallet address late Thursday night. Elliptic …

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