News Explorer — Conic Finance Loses Two-Thirds of Its TVL After Hackers Steal $4 Million

AD

Conic Finance Loses Two-Thirds of Its TVL After Hackers Steal $4 Million

Conic Finance has experienced two hacks resulting in the theft of $4 million and a total value locked decrease of 100 million. The auditor, PeckShield, claimed that one of the exploits was not part of its audit, but Conic disputed this in a postmortem. The total value locked in the protocol has fallen to less than $45 million from over $150 million before the hacks.

Source Article

Latest

Jul 25, 7:18 am

Reuters

FTX Collapse and SEC Lawsuits Highlight Need for Regulation and Insurance Coverage

The recent collapse of crypto exchange FTX and the SEC’s lawsuits against Coinbase and Binance have highlighted the need… Read Summary

Source Article

Jul 25, 6:50 am

DL News

Conic Finance Loses Two-Thirds of Its TVL After Hackers Steal $4 Million

Conic Finance has experienced two hacks resulting in the theft of $4 million and a total value locked decrease of 100 mi… Read Summary

Source Article

Jul 25, 4:23 am

Decrypt

Binance Files Intent to Dismiss CFTC Complaint

Binance, the world’s largest crypto exchange, plans to ask the court to dismiss a lawsuit filed by the CFTC. Binance ent… Read Summary

Source Article

Jul 25, 2:35 am

The Block

Coinbase Executive Urges Australia to Speed up Crypto Regulation to Stay Competitive

Coinbase’s chief policy officer, Faryar Shirzad, emphasized the need for Australia to expedite the implementation of pre… Read Summary

Source Article

Jul 25, 2:49 am

Decrypt

Binance to Officially Reenter Japan and Offer Full Services to Japanese Users in August

Binance CEO Changpeng Zhao announced that the crypto exchange will offer full services to Japanese users starting in Aug… Read Summary

Source Article

Jul 25, 1:30 am

Reuters

Crypto Exchange Rain Lands Operating License in UAE

Middle Eastern crypto exchange Rain has obtained a license to operate a virtual assets brokerage and custody service in… Read Summary

Source Article

Jul 25, 12:01 am

Decrypt

French DeFi Platform Atlendis Obtains PSAN License, Secures $1M From BPI

French DeFi platform Atlendis has achieved two significant milestones in its mission to reshape finance. Firstly, it obt… Read Summary

Source Article

Unchained Crypto

Andreessen Horowitz Has Been Sending Over a Million Dollars Worth of MKR to Coinbase

Andreessen Horowitz’s venture capital firm, a16z, has been sending over a million dollars worth of MakerDAO’s governance… Read Summary

Source Article

Jul 24, 3:43 pm

Decrypt

Putin Signs Digital Ruble Bill Into Law, Priming Russian CBDC for Launch

Russian President Vladimir Putin has signed a bill granting legal tender status to the digital ruble, allowing the centr… Read Summary

Source Article

Jul 24, 2:51 pm

Decrypt

Worldcoin’s At-Launch Supply Mostly Made of Loans to Market Makers

Worldcoin’s whitepaper reveals key details about its tokenomics, including a fixed total supply of 10 billion WLD tokens… Read Summary

Source Article

Jul 24, 1:40 pm

The Block

Arkham Places Its First Bounty on Terraform Co-Founder Do Kwon’s Crypto Wallets

The Arkham Intel Exchange, a controversial platform, approved its first-ever bounty hunt after two crypto sleuths discov… Read Summary

Source Article

Jul 24, 10:16 am

Cointelegraph

Short-Term Bitcoin Holders, Including Whales, More Active in the Market: Glassnode

Glassnode’s latest analysis reveals that short-term holders (STHs) have become more active in the Bitcoin market since t… Read Summary

Source Article

Jul 24, 11:47 am

Cointelegraph

US Government Accountability Office Calls for More Regulation, More Regulatory Agency Cooperation

The United States Government Accountability Office (GAO) has released a report stating that more regulation is needed fo… Read Summary

Source Article

Jul 24, 11:06 am

Decrypt

Investors Change Course and Pull Money Out of Bitcoin Funds—But Likely Remain Bullish

After four weeks of solid inflows totaling $742 million, big investors have started pulling money out of crypto funds. L… Read Summary

Source Article

AD