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DEFI
Can crypto mixers adapt to survive US authority prosecution?
Tornado Cash — a cryptocurrency mixer service that can hide the origin of crypto transactions — hit the headlines after being sanctioned by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) in August…
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Ledger patches vulnerability after multiple DApps using connector library were compromised
Update (Dec. 14 at 2:45 pm UTC): This article has been updated to clarify that Ledger has reportedly fixed the issue.The front end of multiple decentralized applications (DApps) using Ledger’s connector, including Zapper, SushiSwap,…
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Watchdog group doubles down on Circle-Tron money laundering claims
Nonprofit ethics group Campaign for Accountability (CfA) has doubled down on its money laundering claims against Circle, publishing a new open letter on Dec. 14 claiming that the USD Coin (USDC) issuer is facilitating the funding of…
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How the Ledger Connect hacker tricked users into making malicious approvals
The ‘Ledger hacker’ who siphoned away at least $484,000 from multiple Web3 apps on Dec. 14 did so by tricking Web3 users into making malicious token approvals, according to the team behind blockchain security platform Cyvers. According to…
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Hitachi and Concordium Foundation team up to develop biometric crypto wallet
Hitachi Research & Development is teaming up with blockchain developer Concordium Foundation to create a “proof of technology” for a biometric crypto wallet, according to a Dec. 12 announcement. The new wallet will allow users to…
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Former US President Donald Trump launches ‘MugShot’-themed NFT drop
Former United States President Donald Trump is launching a third nonfungible token (NFT) drop, dubbed “MugShot,” centered around the theme of his ongoing criminal indictments.According to the Dec. 12 announcement, the trading cards are…
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Kyberswap comes to the rescue of hack victims, Platypus hacker walks free: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.Cointelegraph interviewed Velvet Capital’s CEO on the…
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DeFi protocol Venus seeks to patch $270K hole from oracle incident
Decentralized finance (DeFi) protocol Venus confirmed it was impacted by an issue with one of its price feed oracles, resulting in borrows totaling around $270,000 on Dec. 11. However, it has downplayed the incident from being an exploit as…
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Lifinity USDC pool drained by arbitrage bot
Decentralized exchange (DEX) Lifinity had its LFNTY-USDC pool drained by an arbitrage bot on Dec. 8. According to Lifinity’s Discord channel, an unexpected response to a failed trade caused the $699,090 loss.A Lifinity's core member known…
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Starknet Foundation Unveils Plan to Allocate 1.8 Billion STRK Tokens for Network Growth
The Starknet Foundation – the organization behind the Ethereum Layer 2 network Starknet – announced plans to allocate over 1.8 billion STRK tokens across multiple initiatives soon.
The move is aimed at driving the adoption…
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