DeFi Hack Leaves Users With a $12 Million Loss
After Defrost Finance users complained about the loss of funds, the DEX confirmed that Defrost V2 was the victim of a flash loan attack. On December 24, 2022, DeFi platform Defrost Finance, built on the Avalanche blockchain, suffered a hack, with...
SBF Could Face a 115-Year Jail Sentence if Extradited to the US
Sam Bankman-Fried (SBF) could be extradited to the US for a court trial. He might get up to 115 years in jail. Who is Sam Bankman-Fried? Sam Bankman-Fried is the former CEO and founder of Alameda Research, a quantitative trading firm that is...
New Crypto Legislations in Hong Kong for Crypto Exchanges
In Hong Kong, virtual asset service providers will have a new licensing system, which will require them to adhere to strict anti-money laundering (AML) guidelines. Hong Kong's legislative body has approved a new amendment to the anti-money...
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