Lack of liquidity mitigated damages to BonqDAO exploit: Report
After amassing $120 million in tokens through an infinite-minting glitch, hackers reportedly only cashed out around $1 million due to a lack of liquidity on BonqDAO.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
After amassing $120 million in tokens through an infinite-minting glitch, hackers reportedly only cashed out around $1 million due to a lack of liquidity on BonqDAO.
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 CointelegraphRelated market context
JPMorgan reports 36% rise in Strategy share holdings and $540 million in BlackRock’s bitcoin ETF
JPMorgan reported 224,545 more Strategy shares in the third quarter as its BlackRock bitcoin ETF holdings climbed to 11.4 million...
Kraken Parent Payward Swaps Its Headline Metric, Reports $487 Million in Q3 Platform Margin
Payward, the privately held parent of Kraken, publishes selected quarterly figures rather than SEC filings, and until now led them...
Nakamoto Gets Extra Year on 60 Million USDT Kraken Loan; Derivatives Count Toward Collateral
Nakamoto Inc. (NAKA) is a bitcoin treasury company, a public company holding bitcoin as a core asset, and has borrowed against it....
Bitcoin ETFs shed $2.35B in 2 weeks, BlackRock’s losing streak hits 11
US spot Bitcoin ETFs recorded $185.4 million in net outflows Friday, with BlackRock’s IBIT accounting for $143.5 million and Fidel...
JPMorgan Boosts Blackrock Bitcoin ETF, Strategy, Coinbase Exposure
JPMorgan’s latest securities filing shows expanded holdings of Strategy, Blackrock’s bitcoin ETF, and Coinbase at the end of Septe...
Tether-backed Twenty One Capital reports $1.09 billion Q3 net income on bitcoin gains
Twenty One Capital reported $1.09 billion in Q3 net income, driven by Bitcoin gains, while posting a $4.8 million operating loss.