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Join Our Telegram channel to stay up to date on breaking news coverage Mango Markers suffered a $117 million exploit on October 11. The Mango Markets Community is now planning to reach a settlement deal with the hacker, and they will allow the threat actor to retain $47 million as a bug bounty. Mango Markets to take a $47M settlement from hacker The Mango Markets community plans to settle a deal with its hacker after losing $117 million because of an exploit. Mango Markets is a decentralized finance (DeFi) governance protocol. The proposed terms of this deal show that the attacker will return $67 million of the stolen funds. The hacker will also maintain $47 million of the stolen amount. The community has already approved the deal. 98% of the voters on the governance protocol, with 291 million tokens, have voted in favor of this deal. As part of the deal, the DeFi protocol will also not pursue criminal charges on the matter. The quorum for voting on this proposal has alread...

Advancing the company’s expansion plans, crypto custodian Copper Technologies has secured a total of $196 million under the firm’s C series financing round. The business managed to raise some $181 million from a group of existing and new shareholders and gained access to a further $15 million under a convertible loan note, as indicated by company filings obtained by Bloomberg. The financing round is yet to be closed.  While the firm has not disclosed its current valuation , Copper Technologies did admit that it reported a loss of some $16 million last year. This represented nearly a fourfold increase compared with the loss the company posted for 2020, at about $4.1 million.  Copper Technologies is based in Switzerland’s Zug. The company says it provides its solutions to a wide range of customers from the financial sector . These include trading firms, hedge funds, crypto exchanges , decentralized finance (DeFi) industry players, and othe...