Technology
Bittensor proposes burning 10% supply to stabilize TAO following $8 million exploit
The exploit, which occurred on July 2, saw a Bittensor user lose 32,000 TAO tokens due to a leaked private key.
Assad Jafri 3 min read
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Bittensor suffers $8 million exploit, TAO price tumbles to six-month low
Bittensor's developers said they paused the chain to investigate the attack.
Crime
Fake Phantom wallet promoted in iOS AppStore drains users funds
Phantom Wallet users warned of fake app that resembles authentic version, resulting in significant financial losses.
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Crypto losses stemming from hacks, rug pulls up 112% YoY – Immunefi
Meanwhile, year-to-date (YTD) losses are up 24% compared to the previous year.
Hacks
Bitcoin DeFi app ALEX Lab links $4 million exploit to Lazarus Group
ALEX Lab stated that it is collaborating with law enforcement to recover the stolen funds.
Hacks
Phishing attacks threaten booming TON network amid rising TVL
TON is one of the fastest rising blockchain networks in the industry presently.
Crime
CoinStats suspends app after security breach compromises 1,590 wallets
CoinStats users urged to export and use private keys after scam notification exposes security flaws.
Hacks
Kraken continues to prank crypto scammers with KitBoga to expose crime as Certik returns funds
In their ongoing effort to fight crypto fraud, Kraken and KitBoga use real-time engagement to gather critical intelligence.
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CertiK reveals it found Kraken vulnerability and will return funds, denies extortion allegations
The security firm also alleged that Kraken threatened its employees on June 18 and demanded repayment of a "mismatched" amount in an unreasonable amount of time
