Binance Smart Chain, Ethereum Crypto Bridge Hacked for $80 Million
The biggest attack in 2022 so far saw an attacker “borrow” $80 million against $185 million in stolen collateral.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Ethereum ETFs Lose $201.9 Million As Bitcoin Funds Return To Inflows
TL;DR: US spot Ethereum ETFs recorded $201.9 million in net outflows on October 6, according to Farside Investors. Bitcoin ETFs mo...
Ethereum Tests 200 Million Gas Limit On Sepolia As Glamsterdam Moves Forward
TL;DR: Ethereum’s Sepolia testnet is testing a 200 million block gas limit as part of work around the Glamsterdam upgrade. The exp...
Crypto liquidations hit $608 million as Ether longs unwind, with a $26.64 million hit on Binance
The liquidation event highlights the volatility and risk in crypto markets, emphasizing the need for cautious leverage management...
Crypto trader Frogman hacked for over $4 million during TOKEN2049
The incident underscores the persistent security vulnerabilities in crypto trading, highlighting the need for enhanced protective...
Bitcoin Falls Under $83,000 on Oil Spike, Rising US Borrowing Costs
Bitcoin Magazine Bitcoin Falls Under $83,000 on Oil Spike, Rising US Borrowing Costs Bitcoin’s price has plunged — with other asse...
S&P brings ratings-style scrutiny to $10 billion crypto vault market as $6 million Base incident exposes risks
S&P Global is bringing ratings-style risk assessments to crypto lending vaults as the fast-growing market confronts fresh security...