Crypto

Nomad Sets 10% Bounty for Hackers Returning Stolen Crypto

Nomad Sets 10% Bounty for Hackers Returning Stolen Crypto

Photo: Tino Bandito (Shutterstock) The sheriff of the Nomad decentralized finance project has plastered the walls of the internet with wanted posters over a recent $190 million hack of the company’s systems. Nomad is attempting to play nice about the heist, and it’s asking the dozens of ne’er do wells to voluntarily hand in their …

Nomad Sets 10% Bounty for Hackers Returning Stolen Crypto Read More »

Coinbase forges deal to give BlackRock clients access to crypto

Coinbase forges deal to give BlackRock clients access to crypto

Coinbase has announced a deal with BlackRock to give the asset manager’s clients more seamless access to digital asset markets, in the latest sign of how a rising number of traditional investors are dabbling in crypto. San Francisco-based Coinbase said on Thursday that it would connect to Aladdin, BlackRock’s investment technology platform. The system, which …

Coinbase forges deal to give BlackRock clients access to crypto Read More »

Solana, Nomad crypto wallets are hacked, with losses in the tens of millions

Solana, Nomad crypto wallets are hacked, with losses in the tens of millions

Comment on this story Comment A pair of crypto hacks totaling nearly $200 million in losses and probably affecting more than 10,000 users has prompted worry in an industry already unsettled by falling prices. On Wednesday, Solana, a popular blockchain and token, said that some wallets that held its assets had been breached. At least …

Solana, Nomad crypto wallets are hacked, with losses in the tens of millions Read More »

New crypto oversight legislation arrives as industry shakes

New crypto oversight legislation arrives as industry shakes

WASHINGTON (AP) — After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress, whose lawmakers and lobbyists have papered Capitol Hill with proposals on how to regulate the industry. The latest bipartisan proposal came Wednesday …

New crypto oversight legislation arrives as industry shakes Read More »

Another crypto bridge attack: Nomad loses $190 million in 'chaotic' hack

Another crypto bridge attack: Nomad loses $190 million in ‘chaotic’ hack

Bridges are the infrastructure that allow users to exchange assets between different blockchains, the digital database underpinning major cryptocurrencies. When a bridge service swaps one coin for another, it “wraps” the currency so that it will function on the other blockchain. A wrapped coin does not become another currency altogether — “it just looks like …

Another crypto bridge attack: Nomad loses $190 million in ‘chaotic’ hack Read More »

Crypto has had a miserable month and it's only the third day of August

Crypto has had a miserable month and it’s only the third day of August

It has been a rough month for the crypto sector, and it’s only the third day of August. From cross-chain bridge hacks draining hundreds of millions of dollars in customer funds to the Securities and Exchange Commission coming after crypto Ponzi schemes, this corner of the market can’t catch a break. The developments add to …

Crypto has had a miserable month and it’s only the third day of August Read More »