Binance has frozen $450,000 of stolen funds from the Curve Finance front-end exploit. FixedFloat had also frozen about $200,000 in funds. The exploit was quickly patched by the team, limiting the damage. There has been an update from the front-end hack incident of Curve Finance, with Binance seizing $450,000 of the stolen funds. That makes …
Binance Freezes $450K of Funds Stolen During Curve Front-End Exploit Read More »
On August 10, the Dutch Crime Agency (FIOD) announced the arrest of a 29-year-old developer of Tornado Cash, a cryptocurrency mixer built on the Ethereum network that was sanctioned earlier this month by the U.S. Treasury Department. The U.S. banned Tornado Cash because the platform had a large-scale currency laundering lending potential and helped anonymize …
Maximiliano Hinz – top executive of Binance Latin America – argued that the spiking inflation is the main reason why the largest cryptocurrency exchange has amassed more clients in recent months. Another factor is the historically strong dollar, which has weakened other fiat currencies from emerging markets. Over the past few years, numerous experts and …
Binance’s User Count Growing Due to Inflation, Says the Company’s Latin America Head Read More »
Leading cryptocurrency exchange Binance has helped recover crypto assets worth about $450,000 stolen from Curve Finance users. The funds represent about 83% of the total amount stolen from users. Binance CEO Changpeng Zhao shared the update on Twitter today, noting that the Curve Finance hacker sent the assets to Binance using different techniques to bypass …
Binance Recovers 83% of Stolen Funds in Curve Finance DNS Attack Read More »
Solana mobile wallet provider Slope Finance, said to be responsible for the recent multi-million dollar incident, has admitted to a security vulnerability while adding that there is no evidence linking the security flaw to the hack. This is despite the fact that Solana Labs researchers have fingered the wallet provider’s security lapses as the cause …
Solana Wallet Slope Says no Evidence Linking Security Flaw to $4 Million Hack Read More »
[PRESS RELEASE – Please Read Disclaimer] Shamla Tech as a pioneer and leading Metaverse development company offers end to end Metaverse development solutions and becomes their official partner for Nugen, a phenomenal initiative that leverages the advantages of cryptocurrencies with the potential to digitize the day-to-day transactions. NUGEN is an all-in-one platform that enhances the …
Good morning. Kevin Kelleher filling in here for Sheryl today. Edith Hamilton was having breakfast with a coaching client at the bottom of a hotel’s cavernous atrium. The client, recently promoted from controller to CFO at a healthcare services company, had been tasked with improving monthly revenue projections that somehow always fell short. Progress was …
In today’s interview, Finance Magnates is speaking with Vladimir Gorbunov, the CEO of Choise.com, a MetaFi ecosystem that aims to bring together the best-in-class crypto solutions to breach the gap between CeFi and DeFi. Mr. Gorbunov is a serial FinTech entrepreneur and has been actively involved with the crypto industry since 2017. His company Choise.com …
Interview: Choise.com CEO Vladimir Gorbunov on Aggregating the Best Crypto Solutions Read More »
Match-Prime Liquidity, one of the leading multi-asset liquidity providers based in Cyprus, recently announced that the company has joined hands with Omonoia FC. Match-Prime Liquidity is now the official sponsor of the Cypriot football club. In an official announcement shared with Finance Magnates, the liquidity provider highlighted the expansion of its operations in Cyprus over …
Match-Prime Liquidity Announces Sponsorship of Omonoia FC Read More »
Germany’s Federal Financial Supervisory Authority (BaFin) has penalized multinational investment bank, the Bank of America (BofA). The German financial watchdog fined BofA $5.28 million for delays in reporting voting rights notifications, Reuters reports. Meanwhile, Finance Magnates has previously reported that Bank of America’s net income dropped 13% to $6.1 billion during the second quarter of …
Germany’s BaFin Fines BofA $5.3M for Delay in Reporting Voting Rights Notifications Read More »