Kokomo Finance Exit Scam Sees Developers Make Away with $4M Worth of Tokens
The Kokomo Finance protocol has been found to be an elaborate exit scam after developers used wrapped Bitcoin to steal user funds worth $4M.
Blockchain news category covers the foundational technology powering the crypto world. Discover updates on scalability solutions, layer‑1 and layer‑2 protocols, decentralized apps (dApps), enterprise adoption, and how blockchain is reshaping sectors from finance to supply chain. A must‑read for understanding the infrastructure behind the headlines.
The Kokomo Finance protocol has been found to be an elaborate exit scam after developers used wrapped Bitcoin to steal user funds worth $4M.
Coinbase asked developers to work on an inflation-tracking stablecoin that can serve as a hedge to the poor monetary policy decisions of the central bank.
New risks discovered in multi-party computation (MPC) wallets and digital asset custody, Verichains reports.
It is expected that Dwpbank’s move will put pressure on other German banks and financial institutions in the country.
Gucci has alwasy capitalized on new changes within the industry and disruptions within society.
Fujitsu is notably making its full-blown debut into the digital currency ecosystem following months of what many will term, preparing the way.
Usually, Montenegro authorities typically allot detention for up to 72 hours. However, Kwon’s 30-day extension has been approved after authorities highlighted the greater possibility of an escape.
The move follows the collapse of the FTX exchange back in November 2022, as well as the recent banking crisis.
For LVMH, a task to convince other luxury brands to join the blockchain movement has been a difficult one.
As part of the agreement, debtors will sell roughly $95 million worth of preferred stock back to Mysten Labs in addition to $1 million in SUI tokens.
Blockchain-oriented VC firm Contango plans to use the seed round proceeds to facilitate increased Web3 adoption globally.
Ethereum price gained approximately 4 percent in the past 24 hours to trade around $1,815 during the early Asian market on Friday.
The news has already stirred the crypto ecosystem with many of the affected holders of LUNA yet to recover their losses.
Some of the solutions being developed on Radix include but are not limited to those hinged on dApps for trading, saving, lending, borrowing, gaming, NFTs, and wallets.
Modulo’s $460 million marks a significant recovery in the ongoing bankruptcy case.