Tag: confirms

US banks can handle customer crypto assets held in custody, regulator confirms

coiner

The US Office of the Comptroller of the Currency (OCC) has confirmed banks under its jurisdiction can trade crypto on behalf of customers and outsource some crypto activities to third parties.  Acting comptroller Rodney Hood said in a May 7 letter that banks and federal savings associations can buy and sell crypto they hold in custody at customers’ direction. The OCC added in a press release that financial institutions can also outsource bank-permissible crypto activities, including custody and execution services, to third parties in compliance with applicable law. “Additionally, these…

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Decentralized Exchange Velocore Confirms Breach, Reports $6.8 Million in Financial Losses

coiner

The decentralized exchange Velocore confirmed a breach on its platform on June 2, during which attackers stole ethereum tokens worth an estimated $6.8 to $10 million. The Velocore team is actively pursuing the hackers and is open to negotiating a settlement. Hackers Exploited Vulnerabilities Within the CPMM Pool Contract The decentralized exchange Velocore on Zksync […] Source link

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Zunami Protocol confirms stablecoin pools attacked, $2.1M loss estimated

coiner

Decentralized finance protocol Zunami Protocol has confirmed it has encountered an attack on its “zStables” pool on Curve Finance. Blockchain security firm PeckShield estimates over $2.1 million was stolen from Zumani’s Curve Pool on Aug. 13, pegging the exploit to a price manipulation issue. Fellow blockchain security firm Ironblocks arrived at a similar figure. Hi @ZunamiProtocol Today’s hack leads to >$2.1m loss and there are two hack txs involved: – tx1: https://t.co/jsOmPT62mk– tx2: https://t.co/u7YOvoS0R9 It is a price manipulation issue, which can be exploited by donation to incorrectly calculate the price…

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