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Already nearly $2 billion, the value of cryptoassets lost to software exploits this year is likely to exceed 2021
Hackers exploited a software bug in the Web3 music platform Audius to make off with $1.1 million on Saturday, but the funds are a drop in the nearly-$2 billion dollar bucket of funds lost to hacks through the first half of 2022, according to Blockchain security firm Beosin.
The fiat value of hacked assets are on pace to top the $3.2 billion lost in 2021, according to crypto security firm Chainalysis, even amid a drastic slide in cryptocurrency valuations. Blockworks compiled some of the year’s largest crypto hacks to see what went wrong and how protocols fared after being hacked.
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Draft text for a bipartisan stablecoin bill could reportedly be delayed until after Congress’ August recess
The crypto community calls the SEC’s complaint “regulation by enforcement”
The CEO of Titanium Blockchain, which raised $21 million in an ICO, admitted to publishing phoney white papers and false testimonials
Tesla made millions when it offloaded 75% of its bitcoin last quarter, but accounting rules mean it still took a hit to its balance sheet
Coinbase previously said it “does not list securities.” SEC chair Gary Gensler said it should be registered as a national securities exchange
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