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The team behind the DeFi protocol CrediX is suspected of an exit scam following a recent $4.5 million security breach. The team has reportedly “vanished” from the project’s official channels despite promising refunds, leaving customers empty-handed.DeFi Protocol Suffers $4.5 Million ExploitOn Friday…
Decentralized credit protocol Credix suffered a $4.5 million exploit on Monday after a hacker commandeered one of its administrator wallets and used bridge permissions to mint unbacked tokens and drain liquidity pools, onchain security firms said.Blockchain sleuth PeckShield traced the breach to add…
The High Court of Singapore has granted Sonic Labs' request to liquidate Multichain Foundation, allowing the blockchain tech firm to recover lost funds from a 2023 exploit.According to a May 9 ruling, Justice Kwek Mean Luck gave Sonic Labs approval to wind up Multichain with KPMG Singapore as joint …
Sonic, previously known as FTM, will be listed on Kraken starting May 5th. This listing event will pause FTM trading before switching to the new Sonic token (S). Listings on reputable platforms like Kraken often increase a cryptocurrency's exposure, leading to more trading activity. As the transitio…
Singapore, Singapore--(Newsfile Corp. - April 18, 2025) - The 1001 Crypto Nights Beach Music Festival, a landmark event, is set to unfold on April 30, 2025, from 17:00 to 24:00 (UTC+4) at the iconic Bohemia Beach Club in Dubai. This exclusive side event during TOKEN2049 promises an electrifying expe…
HONG KONG, April 07, 2025 (GLOBE NEWSWIRE) — CoinEx Research's March 2025 report highlighted a period of sideways movement and volatility in the cryptocurrency market. Bitcoin initially surged to $95,000 following Trump’s announcement of a national Bitcoin reserve but later retreated to $82,500 as…
Top Stories of The WeekBybit exchange hacked, over $1.4 billion in ETH-related tokens drainedCryptocurrency exchange Bybit has been hacked for over $1.4 billion in liquid-staked Ether, Mantle Staked ETH and other ERC-20 tokens, according to pseudonymous onchain security analyst ZachXBT, who spotted …
Sonic's new staking feature on the Crypto.com app from January 28, 2025, might be a catalyst for price changes. Staking allows investors to earn 4% rewards, making the asset attractive for holding long-term. This utility could increase demand and reduce circulating supply, potentially leading to a p…
Sonic SVM (SONIC) is listing on OKX with a trading pair of SONIC/USDT at 12:00 UTC. This event can boost SONIC's price because a new exchange listing often increases exposure, liquidity, and trading activity. OKX is a well-known platform, so more traders will notice SONIC. When more people trade a t…
The Layer 1 network is enjoying a moderate resurgence as it prepares to rebrand.
Andre Cronje, co-founder of Sonic and yearn.fi, criticized the growing trend of creating Ethereum Layer 2s designed and tailored for a specific protocol or decentralized finance app (Appchains). Cronje detailed that this approach had many downsides, including the lack of infrastructure, zero possibi…
The Sonic Team outlines the S Token distribution strategy. 200 million tokens will be airdropped to early network users. A deflationary mechanism aims to enhance the value of S Token. Continue Reading:Sonic Team Announces S Token Details and Airdrop Plan The post Sonic Team Announces S Token Details…