January left the crypto group on edge with a whopping $100 million stolen from Ripple. Nonetheless, February has been smoother, steering away from main hacks to this point.
However buckle up as a result of the previous week in crypto has been fairly a rollercoaster, unveiling some gripping developments.
The Thriller of the Lacking $400 Million
In November 2022, FTX, a centralized cryptocurrency change, was hacked by an unknown group of hackers who used a classy sim-swapping scheme to steal over $400 million from the change
In a profitable catch, The U.S. federal authorities final week charged three folks with a years-long cellphone hacking conspiracy that culminated within the notorious theft of $400 million from FTX as Sam Bankman-Fried’s crypto change was collapsing.
The Division of Justice’s prices not solely cracked the case of the cellphone hacking conspiracy but additionally answered an important query in regards to the vanished crypto funds amid FTX’s turmoil and chapter submitting.
The Heist AND the Fallout
On November 11, 2022, the trio orchestrated their boldest transfer, siphoning $400 million from an unidentified firm (presumed to be FTX). Exploiting an AT&T cellular providers worker, they managed to switch out large sums in crypto, leaving the crypto group in shock.
Solana’s Bump within the Street
In a latest twist, Solana Mainnet-Beta confronted a efficiency hiccup, inflicting a short lived halt in block development. Swift motion was taken as core engineers and validators carried out an in depth investigation to resolve the difficulty.
Additional, Solana Standing tweeted, “Block manufacturing on Solana mainnet beta resumed at 14:57 UTC, following a profitable improve to v1.17.20 and a restart of the cluster by validator operators. Engineers will proceed to watch efficiency as community operations are restored.”
The group additionally mentioned that the outage started at roughly 09:53 UTC and lasted for about 5 hours. Amidst the outage, SOL’s value felt some strain and traded low in comparison with its prior value.
As we wrap up this week’s crypto journey, keep tuned for our subsequent roundup, the place we promise to convey you extra thrilling developments from the crypto house.
