Bitcoin News Thebittimes.Com

CREDIX token value has plunged by 100%. The price drop is attributed to a Rug Pull as reported PeckShieldAlert. The rug pull involved a wallet address that executed a swap transaction. In a recent turn of events, the cryptocurrency CredixFinance (CREDIX) has experienced a staggering 100% decline, leaving investors and the crypto community in disbelief. The sudden drop in CREDIX’s value was not a market-driven phenomenon but rather a result of a rug pull incident. PeckShieldAlert, a reputable on-chain Analysis company, reported that the wallet address 0x45aF…a448 played a pivotal role in executing a surprising swap. A massive 2,200,000,000,000 CREDIX tokens, equivalent to approximately $82,900, were replaced with 41.26 WETH, causing immediate concerns and speculations within the cryptocurrency field. #PeckShieldAlert #slippage CredixFinance $CREDIX has dropped -100% The address 0x45aF…a448 has swapped 2,200,000,000,000,000 $CREDIX for ...

Poloniex has been hacked, with over $100 million in crypto stolen. Tron founder Justin Sun confirmed the hack, noting a 5% white hat bounty for the hacker. Cryptocurrency exchange Poloniex has reportedly been Hacked for over $100 million after its hot wallets were compromised. According to data by on-chain data platform Lookonchain , the hacker has moved stolen assets to wallets on Ethereum and Tron as they attempt to cash out the loot. Poloniex Hacker is selling stolen assets on #Ethereum for $ETH and stolen assets on #Tron Network for $TRX. Stay safe! #poloniexhackerhttps://t.co/RFi9PHpbyphttps://t.co/6BlwKUOHG5 pic.twitter.com/G6ETnc3Q1M — Lookonchain (@lookonchain) November 10, 2023 Tron founder confirms hack, offers 5% bounty Tron founder Justin Sun confirmed the hack in a post on X, adding that the platform was offering a 5% white hat bounty to the hacker. Sun also said blockchain security platforms were helping to investigate the hack ...

Curve, Uniswap, 1inch, and the Ren bridge were the top platforms of choice for laundering illicit crypto, according to Elliptic. New research from blockchain analytics and crypto compliance firm Elliptic has revealed the extent to which cross-chain bridges and decentralized exchanges (DEXs) have removed barriers for cybercriminals. In an Oct. 4 report titled “The state of cross-chain crime,” Elliptic researchers Eray Arda Akartuna and Thibaud Madelin took a deep dive into what they described as “the new frontier of crypto laundering.” The report summarized that the free flow of capital between crypto assets is now more unhindered due to the emergence of new technologies such as bridges and DEXs. Cybercriminals have been using cross-chain bridges, DEXs, and coin swaps to obfuscate at least $4 billion worth of illicit crypto proceeds since the beginning of 2020, it reported. Around a third of all stolen crypto, or roughly $1.2 billion, from the incidents surveyed, was swapped using dec...