Tag: ethereum token

January 05, 2024 BY Elizabeth Anderson

Gamma Strategies falls victim to $3.4m in stolen tokens

Initially, this firm traced losses of roughly 211.9 ETH or $469,000. Later, it was discovered that the attacker already transferred $2.2m to Tornado Cash, a crypto tumbler. Experts stated a critical vulnerability in the accounting system of the Gamma Protocol opened the doors for theft as it allowed the attacker to withdraw large amounts of…

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September 14, 2023 BY Elizabeth Anderson

Ethereum under fire from SEC over alleged violations

In a press release this week, Co-founder of Ethereum, Joseph Lubin suggested that clear heads and clarity of thinking are the best way to proceed through the investigation. This comes after the cryptocurrency has been hit by waves of regulatory boards demanding the tightening and transparency of crypto commodities, tokens and intermediaries. Lubin stated: America…

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