Ethereum News Daily Official TheBitTimes.com

BlackRock’s recent crypto moves have been nothing short of aggressive, underscoring the fact that institutional adoption of digital assets is gaining full steam. After a month-long buying spree and countless headlines featuring nine-digit acquisitions, however, the fund has finally made a major sale. Namely, on June 23, BlackRock deposited 8,172 Ethereum (ETH), worth approximately $18.4 million, to Coinbase Prime, according to data provided by Arkham. BlackRock ETH deposits. Source: Arkham  BlackRock ETH sale The June 23 transaction, is seen as a potential pivot in the firm’s crypto strategy, particularly in regard to Ethereum. However, given the fund’s past optimism and high-profile involvement in crypto ETFs (exchange-traded funds), the deposit could also reflect macroeconomic caution. Indeed, Ethereum tanked 10% earlier today, despite $274 million in institutional inflows recorded on the weekend, trading as low as $2,178 at one point. At press time, ...

Stars Arena was hacked for roughly $3 million worth of AVAX tokens, with the hacker reportedly sending the funds to the Fixed Float crypto exchange. Avalanche-based Web3 social media app Stars Arena announced that it has secured the funding to cover the $3 million hole left by an exploit on Oct. 6. The team also added that it will re-open the smart contract once a full security audit has occurred. In an announcement on X, the Stars Arena team noted: “We have secured the resources to close the gap caused by the exploit. Additionally, a special white hat development team is coming in to rapidly review the security of the platform.” Important news: we have secured the resources to close the gap caused by the exploit. Additionally, a special white hat development team is coming in to rapidly review the security of the platform. We will re-open the contract with all the funds in full after a full security… — Stars Arena (@starsarenacom) October 7, 2023 Stars Arena initially confirm...

In the ongoing Sam Bankman-Fried trial, FTX ’s co-founder Gary Wang says that SBF stole customer funds from the beginning . In testimony to a New York Jury on Friday, Wang says Bankman-Fried authorized the illegal use of FTX customer s’ funds and assets to plug financial gaps at an affiliated hedge fund from the exchange’s earliest days. On Wang’s second day of Testimony, Wang adds that the losses at the hedge fund, Alameda Research, became so large that there was no way to hide them. Referring to SBF’s infamous tweet days before the exchange’s collapse, Wang says “FTX was not fine.” Source: The Hindu The prosecution is alleging that SBF stole millions from customers during and after the collapse of FTX. It’s alleged that he used the funds to pay for his own lavish lifestyle, as well as fund political campaigns. Gary Wang was FTX’s chief technology officer. He’s one of multiple FTX executives who have agreed to testify against Ba...

StarsArena announced that attackers were draining funds through a loophole, but the contract has been patched to prevent further damage. The StarsArena Web3 app on Avalanche has lost some of its funds due to a malicious attack, according to social media reports on October 5.  StarsArena user Lilitch.eth discovered the exploit and announced it on X, formerly known as Twitter. Lilitch.eth claimed over $1 million was lost in the attack. The StarsArena team confirmed the attack, calling it a “war” against the app. They said the attack only resulted in approximately $2,000 in losses and the exploit has now been patched. THE EXPLOIT HAS BEEN FIXED. BUT DON’T GET THIS WRONG WE ARE AT WAR. We’re being targeted by malicious actors in the space that want to steal your money. The little guy is under attack. You are under attack. Your right to platform diversity is under attack. Don’t get it… pic.twitter.com/DmbMdf9cAq — Stars Arena (@starsarenacom) October 5, 2023 StarsArena is a Web3 s...

A frontrunning miner extractable value (MEV) bot that had drained approximately $11 million worth Ether from the Curve protocol returned nearly all of it. A miner extractable value (MEV) bot that drained 6,106 Ether from the Curve Finance pETH-ETH pool has return ed most of the funds to the JPEG'd deployer, which represents nearly all of the drained funds . This event occurred after the bot's address sent a message on the Ethereum blockchain seeking to prove that their email address was associated with the frontrunning bot. The Ethereum IDM negotiations that led to the partial return of funds . Source: Etherscan .  The return ed funds come only from the pETH-ETH Curve pool associated with the JPEG'd protocol, which was frontrun by the bot. All other exploited funds are still under the control of the attacker who initiated the exploit. The Curve team has also sent a message to the original attacker in an attempt to get the rest of the funds return ed. This is a developi...