Drake-Backed Crypto Casino Stake Loses $40M in ‘Suspicious Transfers’
Popular crypto betting platform Stake has reportedly lost around $40 million in funds due to an exploit. Multiple unusual transactions occurred on Monday morning, resulting in approximately $16 million worth of Ethereum, Tether, USD Coin, and DAI leaving the platform. An additional $25 million was drained on Binance Smart Chain and Polygon. Stake, backed by rapper Drake, has not yet responded to the incident.
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Sep 4, 3:42 pm
Decrypt
Drake-Backed Crypto Casino Stake Loses $40M in ‘Suspicious Transfers’
Popular crypto betting platform Stake has reportedly lost around $40 million in funds due to an exploit. Multiple unusua… Read Summary
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Sep 4, 10:14 am
Cointelegraph
South Korea Plans Bill to Track and Freeze North Korean Crypto Funding Weapons Programs
The government of South Korea is working on a bill that aims to track and freeze North Korean crypto and virtual assets… Read Summary
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Sep 4, 11:24 am
Decrypt
London Stock Exchange Group Plans Blockchain-Powered Digital Markets Business
The London Stock Exchange Group (LSEG) is planning to launch a blockchain-powered digital markets business. LSEG aims to… Read Summary
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Sep 4, 10:22 am
Decrypt
Vitalik Buterin Sells MKR Tokens as MakerDAO Co-Founder Pushes for Solana-based ‘NewChain’
Ethereum co-founder Vitalik Buterin has sold around $580,000 worth of MakerDAO’s MKR tokens after MakerDAO’s CEO advocat… Read Summary
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Sep 4, 9:08 am
Coindesk
U.S. Spot Bitcoin ETF Approval ‘Unlikely to Prove a Game Changer’ for Crypto Market: JPMorgan Report
According to a report by JPMorgan, Grayscale’s recent court victory against the SEC may increase the likelihood of a spo… Read Summary
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Sep 4, 7:55 am
Reuters
Binance’s Global Head of Product Resigns
Binance’s global head of product and design, Mayur Kamat, has resigned amid a series of executive departures and job cut… Read Summary
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Sep 4, 12:02 am
Decrypt
Lido Dominance Prompts Warnings About Liquid Staking Derivatives
Lido Finance, the leading decentralized platform for liquid staking ETH, now accounts for about a third of all staked Et… Read Summary
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Sep 3, 11:32 pm
Decrypt
Binance Is ‘Way Ahead of the Game’ on US Regulations, Says CZ
Despite facing regulatory scrutiny and lawsuits, Binance CEO Changpeng Zhao remains confident in the company’s strength… Read Summary
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Sep 3, 11:23 pm
Decrypt
‘Ethereum Is Awesome’, Says Solana Co-Founder Amid Planned MakerDAO Migration
The MakerDAO protocol is nearing the final phase of its multiyear overhaul called Endgame, which includes the launch of… Read Summary
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Sep 2, 8:32 pm
Decrypt
Half of the People in Turkey Now Own Crypto: Report
Crypto adoption in Turkey has increased from 40% to 52% over the past year and a half, according to a survey conducted b… Read Summary
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Sep 2, 6:39 pm
The Block
Vitalik Buterin Sells His Remaining MakerDAO Tokens
Ethereum co-founder Vitalik Buterin has sold his remaining stake of 500 MakerDAO tokens on CoW Protocol, receiving 353 E… Read Summary
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Sep 2, 4:30 pm
The Block
Sam Bankman-Fried and Alameda Research Execs Received Personal Cash Transfers From Company Funds
A recent filing from the FTX debtors revealed that executives of Alameda Research, including former FTX CEO Sam Bankman-… Read Summary
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Sep 2, 10:01 am
Decrypt
Base Network Rakes in the Fees Riding Crypto’s Favorite Memes
CoinGecko research shows that Coinbase’s layer2 solution, Base, reached 1 million addresses in just 11 days, making it t… Read Summary
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Sep 2, 2:51 am
Cointelegraph
MakerDAO Cofounder Floats Solana Codebase for Native Chain Instead of Ethereum
MakerDAO cofounder Rune Christensen has proposed building the upcoming native chain for the decentralized finance projec… Read Summary
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