Criptor

On-chain messages between hacker and victim reveal a ransom standoff, with every demand etched permanently on the blockchain. Last Friday, $2.8 million worth of (mostly dog-themed) crypto tokens were stolen from ShibaSwap, a “next generation decentralized exchange" for the Shiba Inu ecosystem. Among the loot were approximately 250 billion KNINE tokens, from liquid staking protocol K9 Finance. K9 wants them back, and is willing to pay the hacker a bounty. The tokens are ostensibly worth over $600...

Protos

1 day ago

A security flaw allowing hackers to brute force the PIN code of Tangem’s cold wallet cards by cutting off their source of power was revealed yesterday by Ledger's white hat hacker team, Donjon. Ledger CTO, Charles Guillemet, announced the “tearing attack” on X after disclosing the exploit with the rival hardware wallet firm. Unfortunately for Tangem, Donjon noted that it can’t be patched on already existing Tangem cards. In order to perform the attack, Donjon discovered that cutting a Tangem car...

Protos

1 day ago

This morning, Bitcoin Core developers celebrated improved block reconstruction statistics for node operators while conveniently ignoring the reason for these statistics -- the downward trend in fees for Bitcoin’s security budget. Reacting with heart emojis and thumbs up to a green chart showing over 80% "successful compact block reconstructions without any requested transactions," they conveniently omitted red trend lines of the fees that Bitcoin users pay for mining security which powered those...

Protos

1 day ago

The European Union (EU) has established its 19th package of sanctions on Russia, and this is the first time that these sanctions "will hit crypto platforms and prohibit transactions in crypto currencies." It is not clear from the statement what exact cryptocurrency platforms may be implicated in these new restrictions. These sanctions from the EU are meant to discourage Russia's war of aggression against Ukraine, and the statement from President Ursula von der Leyen specifically referenced some ...

Protos

2 hours ago

A series of Pump Fun streams apparently showing Gazan streamers launching tokens and pleading for money have appeared this week amid a raft of sensationalist clips that feature users setting themselves on fire and a famous pornstar shilling a memecoin. The Gaza-themed tokens are accompanied by streams of what appear to be citizens in the war-torn region holding up Pump Fun signs and asking for funds. As is often the case with Pump Fun, most of these tokens skyrocketed in price before plummeting,...

Protos

2 days ago

The Securities and Exchange Commission (SEC) slashed requirements yesterday afternoon for spot crypto ETF applicants, and analysts are predicting a wave of new listings. Bloomberg’s senior exchange-traded fund (ETF) analyst predicted 100 new US crypto ETFs within 12 months, for example, after commissioners’ newly published Generic Listing Standards. For context, there are currently fewer than 30 spot crypto ETFs trading on US exchanges and about 97 total crypto ETFs, including leveraged, inverse...

Protos

1 day ago

As founder of the world’s largest bitcoin (BTC) treasury company, Strategy (formerly MicroStrategy), many people were hoping Michael Saylor would have taken a position of leadership in this year’s civil war between Bitcoin Core and Knots node operators. Unfortunately, when an audience member at his Bitcoin Treasuries NYC Unconference yesterday asked him about the contentious change to OP_RETURN at the heart of the disagreement, he failed to provide any satisfactory answer. Paul Sztorc called it ...

Protos

23 hours ago