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Sandwich Bots: Automated Programs Exploit Cryptoassets, Raising Concerns in the Cryptocurrency Community
Automated programs called "sandwich bots" have made millions of dollars by bypassing profitable orders to buy popular cryptoassets. Successful "sandwich bot" attacks first became widely known in 2021, thanks to a study by Eden Network. With the help of special bots, an ...
Dogecoin’s Long-Term Support Line in Danger: Potential Sharp Drop Ahead
The price of Dogecoin (DOGE) is in danger of breaking the long-term upward support line that has been present on the chart for almost a year A bearish break could trigger a sharp drop in DOGE. However, short-term timeframe indicators indicate that the price will start to bounce first. The Doge ...
CFTC Sues Americans in Icomtech Crypto Scheme Fraud, Demands Return of Funds
The Commodity Futures Trading Commission (CFTC) sued five Americans who promoted what officials said was a fraudulent Icomtech cryptocurrency scheme that caused more than 170 people to lose money. The CFTC filed a civil lawsuit in California Central District Court against D ...
Fantom Foundation Temporarily Withdraws from SushiSwap Liquidity Pools Over Multichain Security Concerns
Director of Fantom Foundation announced that the fund has temporarily withdrawn from liquidity pools on SushiSwap due to security concerns with the Multichain Bridge. Andre Cronje stated that "if something negative does happen, it will affect USDC, DAI and wBTC issued in ...
Binance Freezes $4.4 Million in Crypto-assets Linked to North Korean Organizations
Cryptocurrency exchange Binance said that at the request of U.S. authorities froze crypto-assets worth $4.4 million associated with organizations from North Korea. Binance Investigations worked with U.S. law enforcement to thwart the "illegal revenue-generating activities ...
Court Postpones First Hearing in Tornado Cash Developer’s Case in the Netherlands
The court in the Netherlands postponed the first hearing in the case of Tornado Cash cryptomixer protocol developer Alexei Pertsev until 2024. The decision was handed down on Wednesday, May 24, in Den Bosch. The local court explained that all hearing slots until the en ...
Ethereum Shows Resilience Against the Dollar, Wave Analysis Suggests Bullish Outlook
The Ethereum (ETH) has been losing ground against the dollar for the past four weeks, but compared to bitcoin it's holding up quite well Wave analysis and indicator readings on the daily chart suggest that ETH will continue to outperform BTC, reaching its highest levels since 2018. ...
Bitcoin Price Breaks Bearish Pattern, Continues Falling: Technical Analysis Update
The bitcoin (BTC) price made a bearish breakout from a long-term pattern on May 10. After it turned into resistance on May 23, the rate of decline accelerated sharply Although a rebound may occur in the short term, price dynamics and wave analysis of the daily chart indicate that BTC is still a l ...
Unciphered Cracks Trezor Model T Hardware Wallet and Obtains Private Key
Information security company Unciphered reported that it was able to crack the popular Trezor Model T hardware wallet and obtain a private key. In the demonstration video, Unciphered experts exploit a certain "hardware vulnerability" in the Model T wallet. The video sh ...
Bitlucky Cryptocurrency Investment Platform Closes Amidst Failed Deals and Investor Losses
Cryptocurrency investment platform Bitlucky from Croatia announced the closure of the business, explaining it by a number of failed deals. Investor losses are estimated at $75 million. After receiving numerous complaints, police launched an investigation into Bitlucky. ...
