Onchain detective Zachxbt reported that an entity moved 1.96 million avalanche (AVAX) to various exchanges and subsequently withdrew millions in bitcoin (BTC) after the transaction. As of 8 a.m. EDT today, AVAX has declined almost 10% in the last 24 hours. AVAX Declines Amid Onchain Analyst’s Discovery of Major Transfers Zachxbt, a well-known onchain analyst,…
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A new investigation led by ZachXBT on on May 27 implicated the creators of a new memecoin in hacking a crypto influencer’s account, exposing a complex scheme to manipulate cryptocurrency prices. The probe, conducted by the pseudonymous blockchain investigator ZachXBT, uncovered that the team behind CAT, a Solana-based memecoin, hacked the Twitter account of crypto…
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Rain cryptocurrency exchange experienced a potential exploit on April 29, which transferred approximately $14.1 million worth of various cryptocurrencies to a new wallet under suspicious circumstances, according to a May 13 report from on-chain analyst ZachXBT. ZachXBT shared the information via their Telegram channel, noting that the exploit occurred on April 29. It entailed suspicious…
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In a recent report, crypto investigator ZachXBT uncovered that nearly 12 Solana presale meme coins have been “completely abandoned” within the past month, collectively raising 180,650 SOL, equivalent to approximately $26.7 million. Despite the major fundraising, many of these meme coin projects have experienced sharp declines in value post-launch, with one project failing to launch…
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In a recent development, renowned blockchain investigator ZachXBT has been appointed one of four custodians for a multisig wallet holding the hacked user funds of the GameFi protocol Munchables. We’re on the final steps with the lockdrop refunds. As part of our next phase, we have restructured the team completely. We have brought in established…
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An investigation carried out by blockchain sleuth Zackxbt has found that the trend where individuals ask for funds on social networks and promote their meme coin launches has grown in popularity. Almost $150 million has been raised on Solana after Book of Meme (BOME), the token that pioneered this trend, launched earlier this month. Meme…
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Serenity Shield project, a multi-chain data storage startup, fell victim to a theft on Tuesday that compromised its MetaMask wallet. “Today, a MetaMask wallet related to our project was compromised. Consequently, we’re taking immediate steps to address this and support our community,” the company said in a post on X (Twitter). Security Alert & Serenity…
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After the unauthorized access of Ripple co-founder Chris Larsen’s personal holdings, Binance CEO Richard Teng revealed that the platform had successfully “managed to freeze $4.2 million” of the compromised assets. Teng elaborated that Binance is committed to “support[ing] Ripple in their investigations,” indicating ongoing collaboration. New Binance CEO Discusses Freezing $4.2 Million Worth of Larsen’s…
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Kronos Research, a Taipei-based market maker, trading firm, and venture capital fund, witnessed the withdrawal of significant amounts of crypto assets due to a breach of its security system. Kronos Breach: Investigation Underway On Sunday, November 19, Kronos Research disclosed – via a post on X (formerly Twitter) – a security incident that involved unauthorized…
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Blockchain security firm CertiK believes the $2.4 million draining of a CoinSpot hot wallet is likely the result of a “private key compromise.” Australian crypto exchange CoinSpot has reportedly been hacked for $2.4 million in a “probable private key compromise” over at least one of its hot wallets. According to a Nov. 8 post to…
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