Chainflip suffered a loss of 736,442.17 USDT due to six unauthorized payouts after an attacker exploited a flaw in how it processes TRON transaction memos. The attacker repeated the exploit eight times within 90 minutes, causing duplicate payouts. Chainflip paused operations to fix the issue and plans to compensate affected users, though the reimbursement method is not yet finalized. The network is expected to restart no earlier than Monday, with a full technical report to follow.
Jacob Dewitte, CEO of Oklo, sold 120,000 shares of the company, generating $4.6 million from the transaction. This significant sale may indicate a strategic move by the CEO or a personal financial decision. Investors will watch closely for any impact...
Bitcoin's price is currently around $76,400 to $76,700 after a recent volatile swing between $79,837 and $76,040. Short-term charts show bearish momentum with resistance near $78,500 to $82,800, but the longer-term moving averages remain bullish, ind...
Top US AI leaders including Sam Altman of OpenAI and Elon Musk back Anthropic CEO Dario Amodei's call to slow AI development due to safety concerns. Amodei warns that unchecked AI could cause massive damage, including potentially taking over the inte...
The Federal Reserve is expected to raise interest rates by 25 basis points this week due to persistent inflation and strong payroll data, with markets pricing in an 87% chance of a hike. Despite pressure from rising 10-year Treasury yields near 5%, s...
Inflation remains above the Federal Reserve's 2% target, prompting strong market expectations for a 25 basis points rate hike. Global central banks are also increasing rates, reflecting a broader tightening trend. Failure by the Fed to raise rates no...
