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Cryptocurrency market maker Wintermute has lost $160 million in a hack relating to its decentralized finance (DeFi) operation, according to a tweet from the company's founder and CEO Evgeny Gaevoy.The firm's lending and over-the-counter (OTC) services have not been affected. Decentralized finance refers to financial activities carried out on the blockchain without the use of third parties.Wintermute's CEO Evgeny Gaevoy said that the company remains solvent with "twice over" $160 million remaining in equity.Wintermute is the latest in a long list of crypto companies to be stung by hacks over the past few months. Crypto bridge Nomad had nearly $200 million drained in August shortly before DeFi protocol Curve Finance had $570,000 stolen. Blockchain security firm Certik estimated that more than $1.3 billion had been lost to DeFi hacks last year.Founded in 2017, Wintermute trades billions of dollars across crypto market daily as it provides liquidity across multiple venues. Last week it was named as the official DeFi market maker for the Tron network. Gaevoy added that the company is still treating the hack as a "white hat" event and asked the hacker to get in touch. The hacker's wallet has been tracked down by on-chain sleuth ZachXBT, it currently holds around $9 million in ether (ETH) and $38 million in other erc-20 tokens.The firm suffered a mishap earlier this year when it sent $15 million of Optimism (OP) tokens to a wrong address. The tokens were eventually returned by the recipient.Wintermute did not immediately respond to CoinDesk's request for comment. Source by: Oliver Knight Tue, September 20, 2022 at 4:15 PM Tue, September 20, 2022 at 4:15 PM
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The term “pumping” is used to indicate the purchasing of large quantities of coins to push the demand and price of respective coin up. Then, they release the assets at a higher price to rake in a high return on investment. How do you know if a coin is pumping? The easiest way to identify a pump and dump scheme is when an unknown coin suddenly rises substantially without a real reason to do so. This can be easily viewed on a coin's price chart. Coincheckup, for example, has set a benchmark of a 5% price increase in less than five minutes as its indicator.
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Blankos Block Party is a free-to-play NFT game developed by Mythical Games. The game is available on Windows and MacOS. Join the season challenges and win NFT Blankos that you can collect or sell in the marketplace. Play with thousands of players and enjoy the beautiful world of Blankos. Available on Epic Games store now.Read the full story here: https://news.mythicalgames.com/blankos-live-on-epic-games-store
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Dark Energy Crystals continues to soar as Splinterlands community anticipates the pre-sale of Splinterlands Tower Defense Packs. A total of 250,000/2,000,000 packs will be up for pre-sale grabs starting on September 20, 2022, ending when it’s sold out or when the date reaches October 18, 2022. Splinterlands has announced that DEC and CREDITS will be accepted as payment for the SPLTD packs at a fixed rate of 1,000 DEC: $1.00 while VOUCHERs will give a discount on these purchases. Cost per pack: $8.00 Voucher discount: $3.00 Filled your bags yet? SPLTD source: Splinterlands
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Crypto futures trading is a type of trading that mimics futures trading in the mainstream markets. It involves using futures contracts, which are legal agreements to buy or sell an asset in the future at a predetermined price.In crypto, it means agreeing to buy a particular cryptocurrency at a specific price at a time in the future, regardless of the price when the time comes.The agreed time may be as short as 24 hours to as long as several years. This is often referred to as gambling because the parties involved in the transaction usually base their trades on speculation of how the asset price will perform in the future, hence the term futures trading.Whatever happens, the trade is executed on the agreed date and time and usually only favors one person out of the two who agree on the trade.
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Investors typically want to see their assets gain value - as much value as possible. Put another way, investors want to see their assets reach sky-high valuations so that they can earn the most money.And what’s in the sky? The moon. So when it comes to crypto, “mooning” basically means that a cryptocurrency’s valuation is “going to the moon” - experiencing a significant spike in price and volume.Right now we are still here in bear market. Expert says that bull season will come on January 2023. But who can really predict that? If all will believe to the experts,then people will start to buy crypto earlier than expected. But if people will not believe on that, there will be a long bear month ahead of us. Right now there are flying red color tokens at the market which we can buy. Which of them do you think will go moon?
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Youtube link: https://www.youtube.com/c/%E5%B0%8F%E7%94%B0%E5%8D%9A%E4%B8%80%E5%8D%80%E5%A1% 8A%E9%8F%88Wilibit is on the apple storeThe category is tool application, and the security is relatively improvedNow the bear market is slowly turning into a bull marketMy favorite four coins with regular quota: 1.BTC2.ETH3.BNB4.APE
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The painful dip followed South Korea’s issuance of arrest warrant against Do Kwon. Reports say Kwon can be charged with Violating the Capital Market Act for unfair trade, such as market manipulation if prosecution proves that LUNA and TERRA have securities properties.
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