"We respect the Court's decision," CEO Brad Garlinghouse said. The regulator is expected to appeal the ruling by Judge Torres.

ORE’s mining model and economic structure present an innovative overlap of Proof of Work and Proof of Stake, aiming to carve a niche within the crowded cryptocurrency market.

Despite this, the founder managed to salvage nearly $100 million from his $140 million in $CRV collateral.

The attacker used service accounts to drain the project’s bonding curve contracts. The platform quickly restored its services and promised to reimburse affected users.

With substantial losses incurred due to a recent SIM swap attack and rug-pull, the importance of adopting secure practices and conducting thorough due diligence is as relevant as ever.

A hacker has broken into the PLA token protocol twice in the past five days, generating losses of $290 million for the blockchain gaming firm.

The PYTH token’s resurgence above $0.50 is largely attributed to its incentivized staking model, attracting stakers with the promise of airdrop rewards from partners.

The network was exploited via a rounding bug. The stablecoin fell to all-time low but is already on the way to recovering its peg to the U.S. dollar.