Euler is currently working with law enforcement agencies and blockchain security firms, trying to contact the exploiter to recover the funds.
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Access real-time blockchain and cryptocurrency news updates from around the globe.
What is JOMO in crypto trading?
JOMO is that "I-was-right-about-the-market" joyful feeling after narrowly escaping a bad trade and potentially catastrophic losses.
Stargate foundation advises DAO against reissuing STG tokens
The Stargate Foundation, in agreement with FTX liquidators, has advised the DAO that issuing the STG token could put its safety at risk and may violate the automatic stay.
Biden pledges ‘no cost to the taxpayer’ to shield SVB, Signature depositors
While the federal government’s proactive approach to minimizing damage was appreciated, many pointed out that taxpayers would ultimately suffer the depositors’ bailout.
Bitcoin price nears $25K as analysts place bets on CPI impact
Bitcoin lines up a fresh charge at multi-month resistance, but BTC price action is already facing calls for a comedown triggered by CPI.
Bitcoin price nears $25K as analysts place bets on CPI impact
Bitcoin (BTC) eyed key resistance near $25,000 on March 14 as markets awaited key economic data from the United States.
BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewHopes CPI will bring Bitcoin “consolidation”
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making monthly highs of $24,917 on Bitstamp overnight.
The pair remained buoyant after the impact of multiple U.S. bank closures sent crypto markets skyrocketing.
Now, all eyes were temporarily on the Consumer Price Index (CPI) print for February when it came to short-term BTC price action.
A classic crypto volatility catalyst in itself, last month, CPI showed an unwelcome slowdown in inflation abating; this, in turn, gave rise to fears that the Federal Reserve would keep interest rates higher for longer.
Bitcoin market cap flips tech giant Meta, widens gap on Visa
BTC’s market cap has climbed to the 11th spot amongst top assets by market cap and now sits behind electric vehicle maker Tesla.
Debtors saved over $100M using de-pegged stablecoins to repay loans
The depegging of USD Coin (USDC) and Dai (DAI) from the United States dollar prompted a frenzy of loan repayments over the weekend, allowing debtors to save a total of more than $100 million off their loans.
Following the collapse of Silicon Valley Bank (SVB) on March 10, the USD Coin (USDC) price dropped to lows of $0.87 on March 11 amid concerns about its reserves being locked at SVB.
MakerDAO’s stablecoin DAI also depegged briefly, going as low as $0.88 on March 11, according to CoinGecko.
The USDC price briefly dropped to lows of $0.87 on March. 11. Source: CointelegraphThe depegging, in the backdrop of broader crypto turmoil, led to more than $2 billion in loan repayments on March 11 on decentralized (DeFi) lending protocols Aave and Compound — with more than half made in USDC, according to a report by digital assets data provider Kaiko.
Another $500 million in debts were paid in DAI on the same day, it noted.
Debtors saved over $100M using de-pegged stablecoins to repay loans
Debtors jumped on the opportunity to grab a discount on their loan repayments when USDC and DAI de-pegged from the dollar.
More than 280 blockchains at risk of ‘zero-day’ exploits, warns security firm
Dogecoin, Zcash and Litecoin have already patched the “critical” vulnerability, but hundreds of others may not have, risking billions' worth of crypto.
CFTC adds execs from Circle, Ava Labs and Fireblocks to tech advisory group
The technology advisory committee aims to assist the CFTC in “identifying and understanding the impacts and implications of technological innovation in financial services and markets.”
Binance to lose its GBP on-and-off ramp provider in 9 weeks
Binance has also had problems with SWIFT, its banking partner for USD transfers over the last few months.
CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair
The former CFTC chair argues that AML and KYC measures are outdated and constitutionally questionable and said crypto technology can do better.
US Fed faces internal probe over Silicon Valley Bank failure
Federal Reserve chair Jerome Powell said a "careful and thoughtful" review is needed to understand how the bank collapsed under its watch.
FBI, NY authorities probes collapse of TerraUSD stablecoin: Report
The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia.
FBI, NY authorities probes collapse of TerraUSD stablecoin: Report
The United States Justice Department is reportedly investigating the collapse of the TerraClassicUSD (USTC) stablecoin which contributed to a $40 billion wipe out in the Terra ecosystem last May.
Two agencies within the department — the Federal Bureau of Investigation (FBI) and Southern District of New York (SDNY) have interrogated former staff at Terraform Labs in recent weeks, according to a Mar. 13 report by the Wall Street Journal (WSJ).
The probe covers similar ground to a lawsuit filed against Terraform Labs and its founder Do Kwon by the U.S. Securities Exchange Commission on Feb. 16, according to people familiar with the matter.
Among topics that investigators have asked about was the relationship between Chai, a South Korean-based payment platform and the Terra blockchain on which USTC operated.
The SEC alleged in its filing alleged that Kwon misled investors into believing that Chai transactions were processed on the Terra blockchain.
FBI, NY authorities probes collapse of TerraUSD stablecoin: Report
The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia.
Marathon Digital: Deposits held at Signature Bank are secure and available
The company disclosed that it has approximately $142 million in cash deposits at Signature Bridge Bank, which was set up by the FDIC after the shutdown of Signature Bank.
Euler attack causes locked tokens, losses in 11 DeFi protocols, including Balancer
On March 8, Euler had over $311 million in crypto locked inside its smart contracts. Its total value locked has since fallen to $10.37 million.
Bitcoin surges past $24,000 on CME launch of BTC event contracts
Bitcoin futures on CME have traded 550,000 contracts since inception.