Tag: million
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The Downfall of a Giant: How Ethereum’s Most Prolific Sandwich Bot JaredfromSubway.eth Lost $7.5 Million to a Sophisticated Honeypot Exploit
The Ethereum ecosystem witnessed a historic reversal of fortune over the weekend as the most dominant "sandwich" bot in the network’s history, known by its ENS handle JaredfromSubway.eth, fell victim to a meticulously crafted exploit. After years of generating tens of millions of dollars in profits by extracting value from retail traders, the bot’s automated…
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Axelar Moves Swiftly to Contain $4.67 Million Breach on Secret Network Bridge
Axelar, a prominent cross-chain infrastructure provider, has moved decisively to contain a security incident that resulted in the loss of approximately $4.67 million worth of tokens. The exploit specifically targeted assets bridged via the Inter-Blockchain Communication (IBC) protocol from the Axelar chain to Secret Network. In response, Axelar’s emergency committee immediately took action to shut…
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Animoca Brands Invests $1 Million in Superior.Trade to Fuel Agentic Economy Growth
Hong Kong-based Animoca Brands, a prominent conglomerate with significant interests in gaming, metaverse infrastructure, and artificial intelligence, has injected $1 million into Superior.Trade through its newly established Minds Investment Programme. This strategic funding initiative, unveiled earlier this month, is dedicated to supporting startups that are developing agentic applications, with Minds serving as the foundational infrastructure…
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British Court Rejects IT Workers Final Bid to Excavate Landfill for 600 Million Dollars in Lost Bitcoin
The long-standing legal battle between a Welsh IT professional and the Newport City Council has reached a definitive conclusion following a high court ruling in the United Kingdom. A British judge has officially rejected James Howells’ legal bid to compel the council to allow an excavation of a local landfill site in search of a…
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Venice AI Secures $65 Million in Funding Round, Reaching $1 Billion Valuation Amidst Growing Demand for Private AI Solutions
Venice AI, a burgeoning platform championing private and uncensored artificial intelligence, has successfully closed its inaugural external funding round, securing $65 million and achieving a remarkable $1 billion valuation. The announcement, made on Wednesday by founder Erik Voorhees, a veteran figure in the cryptocurrency industry, underscores a significant validation of Venice’s distinctive mission to offer…
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Institutional Investors Liquidate $414 Million in Crypto Assets Amid Geopolitical Tensions and Inflationary Pressures
Institutional investors have executed a significant pivot in their digital asset strategies, liquidating a total of $414 million in Bitcoin and various cryptocurrency assets over the course of a single week, marking a sharp reversal in market sentiment. According to the latest Digital Asset Fund Flows Weekly Report from CoinShares, this substantial withdrawal represents the…
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Binance and Founder CZ Face Nearly $200 Million UK Lawsuit Over Alleged Unregulated Derivatives Offerings Amidst Broader European Regulatory Scrutiny
Global cryptocurrency exchange Binance and its founder, Changpeng "CZ" Zhao, are currently embroiled in a significant legal challenge in the United Kingdom, facing a lawsuit seeking approximately $200 million (£150 million) in damages. This development, first reported by Reuters, underscores the escalating regulatory pressures confronting the world’s largest crypto trading platform, which simultaneously grapples with…
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Whale Trader Doubles Down on ASTER with $2.61 Million Leveraged Long Days After Half-Million Dollar Liquidation
A prominent crypto wallet, identified by its address 0x5f91, has re-entered the market with a significant 5x leveraged long position on ASTER tokens, committing 3.86 million tokens valued at approximately $2.61 million. This aggressive move comes mere days after the same entity incurred a substantial loss of $530,600 due to the liquidation of a prior…
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Ethereum Infamous Sandwich Bot JaredfromSubway.eth Drained of 7.5 Million Dollars in Sophisticated Honeypot Attack
The landscape of decentralized finance (DeFi) is often described as a "dark forest," a competitive environment where predatory bots and sophisticated actors scan for every possible opportunity to extract value from unsuspecting users. Among these actors, few names have carried as much weight as JaredfromSubway.eth, an Ethereum-based bot that has dominated the network’s Maximal Extractable…
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Axelar Halts Secret Network Bridge Following $4.67 Million Exploit, Initiates Emergency Containment and Recovery
Axelar, a prominent cross-chain infrastructure provider, has moved swiftly to contain damage after identifying a critical security incident that has resulted in the loss of approximately $4.67 million worth of tokens. The exploit specifically targeted assets bridged via the Inter-Blockchain Communication (IBC) protocol from the Axelar chain to the Secret Network, a privacy-focused blockchain within…
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