As detailed by Washington DFI, the issues arose when the investor attempted to withdraw some of their initial investment and reported gains.
UwU Lend has yet to publicly acknowledge the second attack and the cause is still unknown.
With its proven track record in Web3 infrastructure and virtual asset management, HashKey Group brings valuable experience to the launch of AON.
In addition to compensating the victims, OKX has improved its security measures to prevent similar incidents in the future.
The decision came barely a day before a federal judge was to decide whether to throw out the case or allow it to proceed to the next stage.
The collaborative effort of Microsoft, G42, and OpenAI is expected to drive innovation across several sectors including healthcare, finance, and education.
With the growing series of attacks on crypto exchange companies, industry experts could call for stricter security standards within the space and more effective oversight within the cryptocurrency exchanges.
While the exchange grapples with these security challenges, Binance, the leading global crypto exchange, has seen a net inflow of $1.364 billion over the past seven days.
There are also rumors that Apple might team up with OpenAI or Google to incorporate their AI technologies to enhance it’s AI capabilities and keep its products competitive.
The hacker hasn’t moved the $20 million in DAI stolen or any other cryptocurrencies extracted from the cross-chain bridge.
The CoinGecko attacker has already sent phishing emails to nearly 24k users in less than 24 hours since the incident.
This is not the first time scammers have cloned crypto apps and listed them on popular online marketplaces where users frequently download apps for trading cryptocurrencies.
The Elliptic report emphasized the growing use of deepfake technology by scammers on social media to deceive victims into surrendering their crypto funds.
Despite the defense’s arguments, the court upheld the initial sentence, emphasizing the fraudulent nature of Yang’s scheme.
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