29 days ago • cryptodaily
Magnate Finance Orchestrates Rug Pull, Over $6 Million Stolen
Magnate Finance, a lending and borrowing protocol that operates on the Ethereum Layer-2 network Base, has apparently orchestrated a rug pull, stealing millions from users of the protocol.
The rug pull had been predicted by on-chain sleuths, including ZachXBT, who cited several previous actions of the project’s founders.
Details Of The Rug Pull
Magnate Finance has also effectively cleared its entire digital presence, having deleted its Telegram group on the 25th of August. It also took its website offline, rendering it inaccessible on the same day. The protocol later deleted its X (formerly Twitter) account as well, effectively erasing its entire digital and social media presence. Mere hours after deleting its entire social media presence, Magnate Finance developers manipulated the price oracle of the protocol. This let them remove all assets within the protocol, removing around $6.4 million of the total value locked (TVL) in the protocol, effectively collapsing the project.
Security firm PeckShield called this occurrence a classic rug pull and also conducted an investigation into the situation. The security firm stated that the developers behind the project transferred around $1.34 million worth of DAI tokens to a new address. Later, they bridged around $1 million of the stolen funds to the BNB Smart Chain. The firm also tracked five different wallets, all of which were linked to the Magnate Finance scammers. PeckShield added that the scammers had manually manipulated the price oracle, allowing them to drain funds.
A majority of the stolen funds went to several Ethereum Layer-2 platforms, such as Optimism and Arbitrum, along with the BNB Smart Chain using Stargate. Around 295 ETH and 1.3 million DAI tokens are currently held on the Base chain.
ZachXBT Had Warned Of Potential Exit Scam
The Magnate Finance rug pull came to light after a warning issued by on-chain investigator ZachXBT. ZachXBT had issued a warning that the developers behind the Magnate Finance protocol could orchestrate an exit scam. The on-chain investigator reached this conclusion after discovering that the Magnate Finance deployer address was linked to a previous exit scam involving a project called Solfire. Solfire defrauded its users of around $4.8 million.
“Community Alert: Magnate Finance on Base will likely exit scam in the near future currently with over $6.4M TVL. The deployers address is directly linked to the Solfire $4.8M exit scam.”
The Problem Of Exit Scams
Exit scams and rug pulls have become a considerable problem in the decentralized finance (DeFi) ecosystem, with scammers using them as their preferred tactic. The Magnate Finance rug pull is the second rug pull this month, with the SwirlLend rug pull occurring earlier. SwirlLend, another protocol on Base, stole around $460,000 in an exit scam, with some funds also stolen on Linea. PeckShield, in an analysis of the rug pull, stated that the SwirlLend team drained $290,000 worth of crypto assets from Base and a further $170,000 worth of assets from Linea.
Like Magnate Finance, SwirlLend has also completely erased its digital presence, with its social media accounts on Twitter and Telegram deleted and the website rendered inaccessible.
The scourge of rug pulls, and exit scams is evident from the total value of cryptocurrencies lost to them in the first half of 2023. According to blockchain security firm Beosin, phishing scams and rug pulls have resulted in the loss of a staggering $655 million so far.
“Total losses from hacks, phishing scams, and rug pulls in #Web3 amounted to a staggering $655.61M in H1 2023. Out of this, 108 attacks resulted in a loss of ~$471.43M. Phishing scams accounted for around $108M of losses, while 110 #rugpulls resulted in a total loss of ~$75.87M.”
Growing Problems On Base Chain
Coinbase’s Layer-2 blockchain has faced several problems since it commenced operations. RocketSwap, a project on Base, fell victim to a brute force attack, which saw around 471 ETH, valued at about $865,000 stolen. The protocol outlined an emergency plan following the attack and would also attempt to reach out to the hackers to negotiate a return of the stolen assets.
Another project on Base, the decentralized exchange LeetSwap, also had to suspend trading operations thanks to fears of a potential exploit. The decentralized exchange tweeted that it had detected a security vulnerability and had to stop trading for further investigations. Additionally, Coinbase and Base are also dealing with the aftermath of an SEC lawsuit.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
29 days ago • cryptodaily
Magnate Finance Orchestrates Rug Pull, Over $6 Million Stolen
Magnate Finance, a lending and borrowing protocol that operates on the Ethereum Layer-2 network Base, has apparently orchestrated a rug pull, stealing millions from users of the protocol.
The rug pull had been predicted by on-chain sleuths, including ZachXBT, who cited several previous actions of the project’s founders.
Details Of The Rug Pull
Magnate Finance has also effectively cleared its entire digital presence, having deleted its Telegram group on the 25th of August. It also took its website offline, rendering it inaccessible on the same day. The protocol later deleted its X (formerly Twitter) account as well, effectively erasing its entire digital and social media presence. Mere hours after deleting its entire social media presence, Magnate Finance developers manipulated the price oracle of the protocol. This let them remove all assets within the protocol, removing around $6.4 million of the total value locked (TVL) in the protocol, effectively collapsing the project.
Security firm PeckShield called this occurrence a classic rug pull and also conducted an investigation into the situation. The security firm stated that the developers behind the project transferred around $1.34 million worth of DAI tokens to a new address. Later, they bridged around $1 million of the stolen funds to the BNB Smart Chain. The firm also tracked five different wallets, all of which were linked to the Magnate Finance scammers. PeckShield added that the scammers had manually manipulated the price oracle, allowing them to drain funds.
A majority of the stolen funds went to several Ethereum Layer-2 platforms, such as Optimism and Arbitrum, along with the BNB Smart Chain using Stargate. Around 295 ETH and 1.3 million DAI tokens are currently held on the Base chain.
ZachXBT Had Warned Of Potential Exit Scam
The Magnate Finance rug pull came to light after a warning issued by on-chain investigator ZachXBT. ZachXBT had issued a warning that the developers behind the Magnate Finance protocol could orchestrate an exit scam. The on-chain investigator reached this conclusion after discovering that the Magnate Finance deployer address was linked to a previous exit scam involving a project called Solfire. Solfire defrauded its users of around $4.8 million.
“Community Alert: Magnate Finance on Base will likely exit scam in the near future currently with over $6.4M TVL. The deployers address is directly linked to the Solfire $4.8M exit scam.”
The Problem Of Exit Scams
Exit scams and rug pulls have become a considerable problem in the decentralized finance (DeFi) ecosystem, with scammers using them as their preferred tactic. The Magnate Finance rug pull is the second rug pull this month, with the SwirlLend rug pull occurring earlier. SwirlLend, another protocol on Base, stole around $460,000 in an exit scam, with some funds also stolen on Linea. PeckShield, in an analysis of the rug pull, stated that the SwirlLend team drained $290,000 worth of crypto assets from Base and a further $170,000 worth of assets from Linea.
Like Magnate Finance, SwirlLend has also completely erased its digital presence, with its social media accounts on Twitter and Telegram deleted and the website rendered inaccessible.
The scourge of rug pulls, and exit scams is evident from the total value of cryptocurrencies lost to them in the first half of 2023. According to blockchain security firm Beosin, phishing scams and rug pulls have resulted in the loss of a staggering $655 million so far.
“Total losses from hacks, phishing scams, and rug pulls in #Web3 amounted to a staggering $655.61M in H1 2023. Out of this, 108 attacks resulted in a loss of ~$471.43M. Phishing scams accounted for around $108M of losses, while 110 #rugpulls resulted in a total loss of ~$75.87M.”
Growing Problems On Base Chain
Coinbase’s Layer-2 blockchain has faced several problems since it commenced operations. RocketSwap, a project on Base, fell victim to a brute force attack, which saw around 471 ETH, valued at about $865,000 stolen. The protocol outlined an emergency plan following the attack and would also attempt to reach out to the hackers to negotiate a return of the stolen assets.
Another project on Base, the decentralized exchange LeetSwap, also had to suspend trading operations thanks to fears of a potential exploit. The decentralized exchange tweeted that it had detected a security vulnerability and had to stop trading for further investigations. Additionally, Coinbase and Base are also dealing with the aftermath of an SEC lawsuit.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
30 days ago • cryptodaily
LYOTECH LABS Celebrates the First 150 Recipients of the LFi ONE Smartphone
In a monumental moment that marks a new chapter in the world of mobile technology, LYOTECH LABS is thrilled to announce the delivery of the first units of the LFi ONE Smartphone to the initial 150 recipients worldwide. This exclusive group of tech enthusiasts, influencers, and loyal customers represents the beginning of a new era, as they become the first to experience the groundbreaking LFi ONE.
A New Player in Technology
The LFi ONE Smartphone is more than just a device; it's a symbol of LYOTECH LABS' commitment to innovation, quality, and excellence. With cutting-edge features, sleek design, and robust performance, the LFi ONE is poised to redefine the smartphone experience.
The First 150: A Global Celebration
The first 150 recipients of the LFi ONE are spread across various continents, reflecting the global reach and appeal of LYOTECH LABS. From tech bloggers in Silicon Valley to business leaders in Europe, the initial owners of the LFi ONE are united by their passion for technology and innovation.
This diverse group was carefully selected to represent different demographics, professions, and interests, ensuring that the LFi ONE is tested and appreciated by a wide spectrum of users.
Unboxing the Future
The excitement surrounding the unboxing of the LFi ONE is palpable. Social media is abuzz with unboxing videos, first impressions, and reviews from the first 150 recipients. The world is watching as these pioneers explore the features, design, and capabilities of the LFi ONE.
LYOTECH LABS has also partnered with several influencers and tech experts to provide in-depth analysis and insights into the LFi ONE, offering potential customers a comprehensive understanding of what sets this device apart.
Quality Meets Innovation
The LFi ONE has been meticulously crafted to meet the highest standards of quality. From its stunning display to its advanced camera system, every aspect of the LFi ONE has been designed with the user in mind.
The actual product may slightly vary in design, color, and size, but the essence of innovation and excellence remains consistent across all units.
A Milestone for LYOTECH LABS
The delivery of the first units of the LFi ONE to the initial 150 recipients is more than just a product launch; it's a milestone for LYOTECH LABS. It signifies the company's dedication to pushing the boundaries of technology and its commitment to delivering unparalleled experiences to its customers.
The LFi ONE Smartphone is here, and the first 150 recipients are leading the way in exploring this remarkable device. LYOTECH LABS invites the world to join in this celebration of innovation, quality, and technology.
As the LFi ONE makes its way into the hands of more customers, LYOTECH LABS continues to stand at the forefront of technological advancement, setting new standards, and shaping the future of the mobile industry.
About LFi
LFi is a technology company that aims to empower the global fintech movement with new and innovative offerings that combine cutting-edge hardware with next-generation software. Leveraging the power of advanced computing and blockchain technology, LFi seeks to realize a future of financial independence through integrated products and solutions.
Discover More Dive deeper into LFi's groundbreaking journey. Watch the video now to gain a comprehensive understanding of the project and its far-reaching implications.
Telegram - Twitter - Instagram
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
30 days ago • cryptodaily
LYOTECH LABS Celebrates the First 150 Recipients of the LFi ONE Smartphone
In a monumental moment that marks a new chapter in the world of mobile technology, LYOTECH LABS is thrilled to announce the delivery of the first units of the LFi ONE Smartphone to the initial 150 recipients worldwide. This exclusive group of tech enthusiasts, influencers, and loyal customers represents the beginning of a new era, as they become the first to experience the groundbreaking LFi ONE.
A New Player in Technology
The LFi ONE Smartphone is more than just a device; it's a symbol of LYOTECH LABS' commitment to innovation, quality, and excellence. With cutting-edge features, sleek design, and robust performance, the LFi ONE is poised to redefine the smartphone experience.
The First 150: A Global Celebration
The first 150 recipients of the LFi ONE are spread across various continents, reflecting the global reach and appeal of LYOTECH LABS. From tech bloggers in Silicon Valley to business leaders in Europe, the initial owners of the LFi ONE are united by their passion for technology and innovation.
This diverse group was carefully selected to represent different demographics, professions, and interests, ensuring that the LFi ONE is tested and appreciated by a wide spectrum of users.
Unboxing the Future
The excitement surrounding the unboxing of the LFi ONE is palpable. Social media is abuzz with unboxing videos, first impressions, and reviews from the first 150 recipients. The world is watching as these pioneers explore the features, design, and capabilities of the LFi ONE.
LYOTECH LABS has also partnered with several influencers and tech experts to provide in-depth analysis and insights into the LFi ONE, offering potential customers a comprehensive understanding of what sets this device apart.
Quality Meets Innovation
The LFi ONE has been meticulously crafted to meet the highest standards of quality. From its stunning display to its advanced camera system, every aspect of the LFi ONE has been designed with the user in mind.
The actual product may slightly vary in design, color, and size, but the essence of innovation and excellence remains consistent across all units.
A Milestone for LYOTECH LABS
The delivery of the first units of the LFi ONE to the initial 150 recipients is more than just a product launch; it's a milestone for LYOTECH LABS. It signifies the company's dedication to pushing the boundaries of technology and its commitment to delivering unparalleled experiences to its customers.
The LFi ONE Smartphone is here, and the first 150 recipients are leading the way in exploring this remarkable device. LYOTECH LABS invites the world to join in this celebration of innovation, quality, and technology.
As the LFi ONE makes its way into the hands of more customers, LYOTECH LABS continues to stand at the forefront of technological advancement, setting new standards, and shaping the future of the mobile industry.
About LFi
LFi is a technology company that aims to empower the global fintech movement with new and innovative offerings that combine cutting-edge hardware with next-generation software. Leveraging the power of advanced computing and blockchain technology, LFi seeks to realize a future of financial independence through integrated products and solutions.
Discover More Dive deeper into LFi's groundbreaking journey. Watch the video now to gain a comprehensive understanding of the project and its far-reaching implications.
Telegram - Twitter - Instagram
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
30 days ago • cryptodaily
Can I Earn Crypto Without Investing a Dime?
Crypto is a concept that intrigues many of us. With its features and advantages, it has the potential to become a great part of what we call finance. But how do you start working with crypto?
Well, a good option may be buying some coins or tokens. But to get a surprising profit, you will have to invest a significant amount of fiat, which can drive away some crypto enthusiasts.
However, you can earn crypto without investing in it, and in this article, we will talk about some of the most popular ways to earn digital assets with little to no effort but lots of fun.
Airdrops
Crypto airdrops are special events organized by newly launched crypto projects to increase their popularity and allow crypto enthusiasts to invest in the project in its early stages. Basically, a crypto airdrop implies distributing free tokens to a certain number of wallet addresses within a particular blockchain.
While being part of a project’s marketing strategy, crypto airdrops are also organized to reward existing token holders. However, the concept is similar in both situations. Such special events can build an engaged community and introduce new users to the world of cryptocurrencies by providing them with digital assets to trade.
Participating in a crypto airdrop usually implies completing specific actions that can increase the popularity of the crypto project. For example, you might be required to follow the company on Twitter, Instagram, Facebook, or Twitter, join its Discord and Telegram channels, or subscribe to its YouTube channel.
Also, you may be able to refer some friends to get extra entries, and you can submit your wallet address or provide personal information to sign up for the airdrop. Your wallet address will be useful when the airdrop ends, and the project distributes the free tokens.
Learn and Earn
What could be better than earning crypto while learning new things about this amazing industry? Learn and earn activities have become very important for cryptocurrency adoption, offering users an interactive way to acquire knowledge about various topics, such as blockchain technology, digital assets, DeFi, and many more.
Currently, plenty of apps and platforms allow users to get through some guides and then complete quizzes to earn crypto rewards. The tutorials are designed to educate newcomers regarding various crypto-related topics. As users engage with educational content, they can earn crypto as rewards, thus being able to apply what they have learned to trade the crypto rewards and make some profits.
The process is extremely straightforward. All you have to do is find a platform that offers learn and earn activities, go to the section, and start reading or watching the first guide. After you gather the information you need, you will be required to take a quick test to ensure that everything you’ve learned is clear and will help you afterward.
When you finish the quiz, the platform will offer you a small crypto reward you can withdraw and use as you like. You can trade or swap it or even opt to stake the crypto earned if the cryptocurrency works based on a PoS (Proof of Stake) consensus mechanism. This way, you will be able to earn profit without having to study the crypto market thoroughly.
Use a Crypto Browser
We are not talking about simply using a crypto browser and winning crypto by searching whatever you want and navigating through the results. However, you can look for a crypto search engine that allows users to earn crypto while completing various tasks.
For instance, you can get paid to watch crypto videos. All you have to do is find the crypto-related videos the platform provides and watch them. Then, a tiny crypto reward will be delivered to your wallet.
Then, you can also get paid to click on ads. Ads are everywhere, but most of the time, we don’t click on them. However, if you want to earn crypto this way, you will be required to click on ads in different sections, and the crypto search engine will reward you once again.
Furthermore, if you’ve already earned some crypto assets this way, you can be offered more through a profit-sharing program. Some crypto browsers share a significant percentage of their profit with all those holding tokens in the system.
Get Paid in Crypto
These days, you can easily get paid in crypto and hold significant amounts of tokens this way. For instance, if you are a freelancer, you can offer clients the option to pay you in crypto. All you have to do is provide a valid wallet address.
As a freelancer, there are many jobs available, and considering that crypto is becoming increasingly popular, there is a high possibility that some clients will prefer paying for your products or services with digital assets.
Then, if you want a full-time job that offers payments in crypto, you may be able to find it on various crypto job platforms. The jobs in crypto are plenty and cover multiple fields. For instance, you can contribute to developing a project as a programmer, work with a marketing team to promote a new product or service, or even ensure that the project does not violate regulations from a specific area. Depending on your experience, crypto job platforms surely have something available that will catch your attention.
Play P2E Games
One of the most fun ways in which you can earn crypto without investing is by playing a P2E (Play-to-Earn) game. The name says it all; you play, you earn. Unlike traditional video games, where in-game achievements might lead to virtual rewards, blockchain-based P2E games reward users with various digital assets. There are plenty of such games in the crypto industry, and the rewards can be pretty remarkable.
Usually, P2E games can challenge you to grow something, such as a dragon, or even prove your strategy and fight skills while competing in specific tournaments. A play-to-earn game will always use a native token that can be either withdrawn or used for in-game purchases.
P2E games use NFTs (Non-Fungible Tokens) and blockchain technology to establish ownership of in-game assets. Players can acquire, trade, and sell NFTs that represent items, characters, land, and many more.
In Conclusion
As surprising as it may seem, you can easily earn crypto without investing, and this can be a great way to start your journey in the world of cryptocurrencies. If you start with a small amount of digital assets and know how to trade them right, you will earn some profit in no time.
Some of the best ways to earn crypto without investing include participating in airdrops, using crypto search engines, playing P2E games, completing learn-and-earn activities, or simply getting paid in crypto for your work.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
30 days ago • cryptodaily
Can I Earn Crypto Without Investing a Dime?
Crypto is a concept that intrigues many of us. With its features and advantages, it has the potential to become a great part of what we call finance. But how do you start working with crypto?
Well, a good option may be buying some coins or tokens. But to get a surprising profit, you will have to invest a significant amount of fiat, which can drive away some crypto enthusiasts.
However, you can earn crypto without investing in it, and in this article, we will talk about some of the most popular ways to earn digital assets with little to no effort but lots of fun.
Airdrops
Crypto airdrops are special events organized by newly launched crypto projects to increase their popularity and allow crypto enthusiasts to invest in the project in its early stages. Basically, a crypto airdrop implies distributing free tokens to a certain number of wallet addresses within a particular blockchain.
While being part of a project’s marketing strategy, crypto airdrops are also organized to reward existing token holders. However, the concept is similar in both situations. Such special events can build an engaged community and introduce new users to the world of cryptocurrencies by providing them with digital assets to trade.
Participating in a crypto airdrop usually implies completing specific actions that can increase the popularity of the crypto project. For example, you might be required to follow the company on Twitter, Instagram, Facebook, or Twitter, join its Discord and Telegram channels, or subscribe to its YouTube channel.
Also, you may be able to refer some friends to get extra entries, and you can submit your wallet address or provide personal information to sign up for the airdrop. Your wallet address will be useful when the airdrop ends, and the project distributes the free tokens.
Learn and Earn
What could be better than earning crypto while learning new things about this amazing industry? Learn and earn activities have become very important for cryptocurrency adoption, offering users an interactive way to acquire knowledge about various topics, such as blockchain technology, digital assets, DeFi, and many more.
Currently, plenty of apps and platforms allow users to get through some guides and then complete quizzes to earn crypto rewards. The tutorials are designed to educate newcomers regarding various crypto-related topics. As users engage with educational content, they can earn crypto as rewards, thus being able to apply what they have learned to trade the crypto rewards and make some profits.
The process is extremely straightforward. All you have to do is find a platform that offers learn and earn activities, go to the section, and start reading or watching the first guide. After you gather the information you need, you will be required to take a quick test to ensure that everything you’ve learned is clear and will help you afterward.
When you finish the quiz, the platform will offer you a small crypto reward you can withdraw and use as you like. You can trade or swap it or even opt to stake the crypto earned if the cryptocurrency works based on a PoS (Proof of Stake) consensus mechanism. This way, you will be able to earn profit without having to study the crypto market thoroughly.
Use a Crypto Browser
We are not talking about simply using a crypto browser and winning crypto by searching whatever you want and navigating through the results. However, you can look for a crypto search engine that allows users to earn crypto while completing various tasks.
For instance, you can get paid to watch crypto videos. All you have to do is find the crypto-related videos the platform provides and watch them. Then, a tiny crypto reward will be delivered to your wallet.
Then, you can also get paid to click on ads. Ads are everywhere, but most of the time, we don’t click on them. However, if you want to earn crypto this way, you will be required to click on ads in different sections, and the crypto search engine will reward you once again.
Furthermore, if you’ve already earned some crypto assets this way, you can be offered more through a profit-sharing program. Some crypto browsers share a significant percentage of their profit with all those holding tokens in the system.
Get Paid in Crypto
These days, you can easily get paid in crypto and hold significant amounts of tokens this way. For instance, if you are a freelancer, you can offer clients the option to pay you in crypto. All you have to do is provide a valid wallet address.
As a freelancer, there are many jobs available, and considering that crypto is becoming increasingly popular, there is a high possibility that some clients will prefer paying for your products or services with digital assets.
Then, if you want a full-time job that offers payments in crypto, you may be able to find it on various crypto job platforms. The jobs in crypto are plenty and cover multiple fields. For instance, you can contribute to developing a project as a programmer, work with a marketing team to promote a new product or service, or even ensure that the project does not violate regulations from a specific area. Depending on your experience, crypto job platforms surely have something available that will catch your attention.
Play P2E Games
One of the most fun ways in which you can earn crypto without investing is by playing a P2E (Play-to-Earn) game. The name says it all; you play, you earn. Unlike traditional video games, where in-game achievements might lead to virtual rewards, blockchain-based P2E games reward users with various digital assets. There are plenty of such games in the crypto industry, and the rewards can be pretty remarkable.
Usually, P2E games can challenge you to grow something, such as a dragon, or even prove your strategy and fight skills while competing in specific tournaments. A play-to-earn game will always use a native token that can be either withdrawn or used for in-game purchases.
P2E games use NFTs (Non-Fungible Tokens) and blockchain technology to establish ownership of in-game assets. Players can acquire, trade, and sell NFTs that represent items, characters, land, and many more.
In Conclusion
As surprising as it may seem, you can easily earn crypto without investing, and this can be a great way to start your journey in the world of cryptocurrencies. If you start with a small amount of digital assets and know how to trade them right, you will earn some profit in no time.
Some of the best ways to earn crypto without investing include participating in airdrops, using crypto search engines, playing P2E games, completing learn-and-earn activities, or simply getting paid in crypto for your work.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
48 days ago • cryptodaily
CryptoMinerBros Celebrates 5 Years of Building the Future in the Crypto Mining Community
Kowloon city, HongKong, August 7th, 2023, ChainwireFounded in August 2018 and headquartered in Hong Kong, Crypto Miner Bros has become one of the leading crypto mining hardware distributors within five years of its launch. With a dedicated team of blockchain experts, e-commerce specialists, and crypto mining professionals, Crypto Miner Bros has become a reputable name in the crypto mining industry.Crypto Miner Bros has built an incredible mining community that wholeheartedly believes in the company’s vision of making crypto mining accessible to everyone. The company’s progress and achievements would not have been possible without the invaluable support of the clients. Crypto Miner Bros is committed to giving back to the community by offering the world’s finest crypto mining tools and comprehensive end-to-end crypto mining solutions.In August 2018, Crypto Miner Bros started as an E-commerce platform specializing in crypto mining hardware with a vision of providing miners with a positive crypto mining experience. Within one year of its launch, the company had already become one of the world’s most trusted platforms for crypto mining hardware. Crypto Miner Bros is endorsed by globally recognized brands such as Nicehash, Asic Miner Value, Crypto Compare, Whattomine, and CoinWarz. The company’s goal for the upcoming year is to continue making crypto mining accessible to everyone, spreading the benefits of this technology far and wide.Buying crypto mining hardware from a reliable source has always been challenging for international buyers. Crypto Miner Bros provides an excellent platform for miners by joining hands with reputed mining hardware manufacturers in China and Hong Kong. Miners can find all the reputed mining hardware brands from Bitmain to Canaan Avalon Goldshell, Jasminer, MicroBT, Innosilicon, and more on the Crypto Miner Bros website.Entering its sixth year, Crypto Miner Bros focuses on bridging the gap between miners and manufacturers and getting quality crypto mining products to the global market. The company constantly strives to expand the mining community of Crypto Miner Bros in the coming year by introducing P2P (Peer-to-Peer) deals. Thus, miners can readily access advanced ASICs at better deals and enjoy hassle-free buying. The company also aids faster shipping to customers worldwide with its dedicated sales team. Though Crypto Miner Bros has an active international sales team, the organization plans to have dedicated technical support centers in every continent. Thus, the company can promptly ship the miners to any location and assist the customer with their queries. Besides, Crypto Miner Bros will continue to act as a reliable platform for all crypto miners with a rich source of information related to crypto mining, cryptocurrencies, blockchain, and other related topics. Moreover, the company’s dedicated customer support team will assist the customers 24/7 in setting up the ASIC or any hiccups customers may face with crypto mining.About Crypto Miner BrosCrypto Miner Bros, a leading Asic hardware provider, continues delivering high-quality products and services worldwide to all crypto mining enthusiasts. The company partners with reputed mining hardware manufacturers and deals with high-quality mining equipment to provide a positive mining experience to its customers. For more information visit Crypto Miner's official website.Crypto Miner Bros extends its heartfelt gratitude to its customers, stakeholders, and employees. Crypto Miner Bros promises to continue delivering excellent products and services in the years to come. Miners can look forward to Crypto Miner Bros for advanced mining equipment, informative videos, educational content, and, of course, 24/7 assistance.Contact Crypto Miner BrosWhatsapp / Wechat / Call : +86-13530796464USA Hotline: +1-806-305-324ContactCOOHan SuCrypto Miner [email protected]+86-13530796464
51 day ago • cryptodaily
Hacker Behind 2016 Bitfinex Attack Pleads Guilty at Court
Ilya Lichtenstein admitted to laundering the $4.5B worth of Bitcoin stolen during the 2016 Bitfinex attack; his wife Heather Morgan also pleaded guilty.
Seven-year-long Investigation Comes to an End
According to the CNBC report, resident of New York City Ilya Lichtenstein admitted to being the original hacker behind the 2016 Bitfinex attack in a federal court in Washington, D.C on July 3. On the same day, his wife Heather Morgan also pleaded guilty to the counts of money laundering and conspiracy related to the hack.
The cyberattack deprived Bitfinext of almost 120 BTC, which was worth $70 million at the time and has since risen to the price of $4.5 billion. It took the US Department of Justice (DOJ) seven years to seize the stolen funds and the person responsible for the hack.
“Bitfinex diligently worked with the U.S. Department of Justice to identify the perpetrators of the hack, recover the stolen bitcoin, and bring the hackers to justice," said an external spokesperson for Bitfinex. "After seven years, those efforts have come to fruition.”
The Bizarre Couple Caught for Money Laundering
Ilya Lichtenstein and his wife Heather Morgan, also known as “Razzlekhan” (the name she uses to publish her comedy rap videos) were arrested on charges of money laundering and theft in connection to the 2016 Bitfinex hack in February 2022. However, the Department of Justice didn’t accuse the couple of being the original hackers behind the attack at that time.
Morgan proclaimed to be a cybercrime expert specializing in social engineering on her LinkedIn, while Lichtenstein had technical background in coding and data analysis. These facts suggested that the couple had enough expertise to pull off the hack, even though many didn’t believe it due to the image of eccentric personas the two projected on the Internet.
Most of the Bitfinex Funds Recovered
At the time of Lichtenstein's and Morgan’s arrest, the DOJ was able to recover 94,000 BTC linked to the hack, the sum now equivalent to around $3.6 billion. It was discovered that in early 2017, Lichtenstein “began to move a portion of the Bitcoin” stolen during the Bitfinex attack “in a series of small, complex transactions across multiple accounts and platforms.” The shuffling process, which involved a large number of transactions, was aimed at obscuring the path of the stolen money.
Last month, the crypto exchange recovered another part of its lost funds: $312,219 in cash and 6.9 in Bitcoin Cash (BCH) worth around $1951 today. Apparently, the United States Department of Homeland Security got control of the sum in 2022 after the culprit’s arrest.
The couple is now facing up to 25 years in prison. Following their arrest in 2022, Netflix announced it might create a series about the case.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
52 days ago • cryptodaily
3.0 Verse Launches Unified Marketplace for CeFi and DeFi Trading
Dubai, United Arab Emirates, August 3rd, 2023, ChainwireDubai has emerged as a global VDA hub and digital market convergence by 3.0 Verse will further benefit the global markets and users.In the dynamic world of large number of trading platforms and cryptocurrencies, the need for an intelligent, information driven and comprehensive user-friendly trade routing platform has never been more crucial. Today, 3.0 Verse is extremely happy to unveil from Dubai, its 3.0 Verse solution, a cutting-edge trade routing platform that brings together the best of both Centralized Finance (CeFi) (Binance, Huobi, Gate IO and OKX) and Decentralized Finance (DeFi) (AAVE, Compound, Curve, Uniswap, Sushi swap and Pancake swap).This innovative platform is poised to revolutionize the crypto trading experience, providing users with seamless access to multiple exchanges, decentralized protocols, information, analytics, BoTs and support ecosystem all from a single interface. The 3.0 Verse solution also has a media channel through 3.0 TV and an educational channel through 3.0 University.A World of Convenience and EfficiencyMulti-Market Trade Routing Platform- The heart of 3.0 Verse lies in its Multi-Market Trade Routing Platform, offering a ground-breaking solution to the fragmented trading experiences faced by crypto participants. This feature empowers users to effortlessly trade on renowned CeFi exchanges along with multiple DeFi platforms besides automated BoT Trading. The beauty of the platform is that a user can do all this from one unified screen and single technology infrastructure. With 3.0 Verse, gone are the days of multiple KYC verifications and the hassles of navigation between exchanges. Our platform consolidates the crypto trading experience and support system on a single platform.Empowering Traders with KnowledgeTrending Coin Monitoring and Market Calls In markets, knowledge is power. 3.0 Verse equips traders with invaluable insights through its Trending Coin Monitoring feature, tracking the hottest coins across CeFi platform, routing lending and borrowing or swapping based on most AI driven most efficient markets.Additionally, the pooled Market Calls feature offers a success rate of over 86% in the last five months, providing users with expert market analysis. Armed with curated content and timely information, traders can confidently make informed decisions. If the users desires to use trading strategies without manual intervention due to long trading hours then the users can use their desired Trading Strategies through the inbuilt trading BoT."In an ever-evolving crypto landscape, convenience and significance are paramount for crypto participants. 3.0 Verse aims to revolutionize the trading experience, uniting CeFi and DeFi on one intuitive platform. At 3.0 Verse, we believe that curated content, market news, data and analytics is instrumental in guiding the users towards smart and informed trading decisions. We constantly enrich the crypto community through 3.0 Verse, 3.0 TV and 3.0 University. With this pioneering trading platform, we aspire to open new doors of opportunities for all crypto enthusiasts." said Mr. Mayur Poddar, Director of 3.0 Verse.The Technology The 3.0 Verse solution is a technology wonder as it handles massive real-time market prices, data, news, orders, trades, queries, analytics, BoTs processing, index computation and education content of LMS of 3.0 University, videos of 3.0 TV, from multiple sources and then aggregates, disseminates and confirms transaction online real time 24/7 with extremely low latency. The 3.0 Verse solution is robust, fault-tolerant, auto-scalable architecture and highly secure with Google Cloud Armour.3.0 Verse invites all crypto enthusiasts and traders to embark on a transformative journey. With its intuitive interface, inclusive access to CeFi and DeFi, and expert market insights, users can navigate the crypto universe with ease and confidence.Mr. Mayur Poddar, added: "3.0 verse App is a technology innovation designed to converge global market ecosystem, efficiency and ease of operation for the users trading in virtual digital asset class. We are happy to have strategic collaborations with the ecosystem partners to ensure that end users have seamless access to markets and services. We are open to partnerships with multiple partners who wish to reach end clients with their products or service as our efforts are collaborative and in the interest of the end users. With a focus on technology innovation, information analytics, and user-centric convenience, we aim to empower individuals to navigate the crypto universe with confidence and ease and yet make informed choice."The TV interview on 3.0TV can be found here– https://youtu.be/QpGViKhwyhYAbout 3.0 Verse3.0 verse is a one-of-a-kind global digital super app, which brings multiple crypto exchanges on a single platform. Users can leverage unparalleled and unprecedented benefits by accessing the world’s top CeFi and DeFi exchanges on a single dashboard. Trusted by more than 3 million users across the crypto industry, 3.0 verse is on an indefatigable mission to create an ever-growing ecosystem of digital asset class trading that can transform lives.ContactDirectorMayur Poddar3.0 [email protected]