Cryptocurrency News Today TheBitTimes.com

Manta Network (MANTA) price slips amid disruptive DDoS attack. Network is experiencing longer transaction times and increase in gas fees. MANTA price reached highs of $2.72 after its Token Generation Event (TGE) but was down to $2.13 Manta Network debuted its MANTA token on exchanges on Thursday, with the listing on Binance, BingX, MEXC among others seeing its value skyrocket to above $2.72. The token is however 20% down since that peak as the team acknowledged a distributed denial of service (DDoS) attack . The DDoS attack coincided with the Layer 2 modular blockchain’s Token Generation Event (TGE) on January 18. The attack flooded the network with more than 135 million fake RPC requests. DDoS Attack Update on @MantaNetwork Hey everyone, we are experiencing a calculated DDoS attack on the network. This happened at 9:30AM UTC, exactly the same time as our TGE event. Since that time, we have seen over 135m requests hit the RPC nodes, which indicate...

Defi platforms Aerodrome and Velodrome suffer a front-end attack , with an estimated $40,000 compromised.  Two prominent defi platforms , Aerodrome and Velodrome, have experienced security breaches in their front-end systems. The incidents occurred on Nov. 28, as disclosed by the platforms . Both Aerodrome and Velodrome alerted their users through X, advising them to cease all interactions with their services due to these security concerns. They have initiated thorough investigations into the breaches. Velodrome has further asked users not to use the web link attached to their social media bio.  To be clear, do NOT use the link in our Twitter bio. The link in the quoted tweet is a mirror and is safe. Only use that one for now. https://t.co/8QDodF7HDP — Velodrome (@VelodromeFi) November 29, 2023 You might also like: Ethereum turns deflationary as validators exit and defi transactions drop 57% ZachXBT, an analyst and popular figure in the crypto community, highlig...

News that Gary Gensler was going to resign from the SEC went viral last week. Just one problem: AI wrote it. In fact, it was so obviously AI-generated that a researcher was able to confirm its inauthenticity by simply asking another AI. Oh, the irony. Shortly after, follow-up research and the SEC itself confirmed that news of Gary Gensler’s resignation was fake. Through the thick fog of misinformation, however, one thing became clear: the incident exposed the rabid, anti-Gary Gensler bias of crypto media.  Indeed, it has never been more popular to hate the SEC chair. The hashtag #FireGaryGensler regularly trends on Twitter. Google search queries for ‘Gary Gensler’ are at all-time highs and contrast sharply against ‘SEC’ searches, which remain mid-range within a multi-year average. Of course, the timing seems awfully convenient. As chair of the SEC, he and his four commissioners have recently sued the largest crypto exchanges serving US residents, including C...

Join Our Telegram channel to stay up to date on breaking news coverage In light of the recent cyber attack , FPG’s trading activities, deposits, and withdrawals have been suspended as a precautionary measure. The firm is actively cooperating with law enforcement agencies, regulators, and Chainalysis to unravel the events leading to the breach and to initiate the asset recovery process. FPG Halts Trading and Seeks Recovery Following Cyberattack Floating Point Group (FPG), an institutional trading desk specializing in cryptocurrencies, experienced a significant setback on June 11 when it fell victim to a cyber attack . This unfortunate incident has compelled the firm to suspend trading activities, as well as deposits and withdrawals on its platform. FPG estimates that the attack resulted in a substantial loss of funds, ranging between $15 million and $20 million. In response to the breach, FPG promptly took action by securing all wallets and locking third-party accounts up...