Thursday, March 19

Tag: FTX

Over $600m stolen from FTX exchange as Crypto market loses $201bn in 7 days
16Mar By Emeka OkaforNo Comments
Reports

Over $600m stolen from FTX exchange as Crypto market loses $201bn in 7 days

Certainly! Here's the revised content while maintaining the HTML structure. More than $600 million in digital currency disappeared from the accounts of the now-defunct crypto firm FTX, without any clear explanation. Shortly thereafter, FTX disclosed that it had suffered a cyberattack via its official Telegram channel and urged users to uninstall all FTX applications and avoid any new updates. FTX has experienced a security breach. FTX applications may contain harmful software. Uninstall them immediately. There is an ongoing chat session. The FTX website could distribute Trojans, cautioned a moderator in the FTX Support channel. Steer clear of that site. Ryne Miller, FTX’s chief legal officer, released the On-chain data indicates that several Ethereum tokens, along with tokens fro...
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FTX crash: Nigerian crypto startup, Nestcoin, set to lay off workers
16Mar By Emeka OkaforNo Comments
Reports

FTX crash: Nigerian crypto startup, Nestcoin, set to lay off workers

The downfall of FTX, the second-largest digital currency exchange globally, might have led to the loss of all the funds and stablecoin resources maintained by Nigerian firm Nestcoin. Nestcoin mentioned that in light of this occurrence, it will be essential to downsize its workforce as it reorganizes its business strategy. Nevertheless, the company stressed that the event has no fiscal effect on its customers and highlighted that the offerings Nestcoin has introduced so far are Defi protocols and non-custodial in essence. Consequently, it has never held client assets. Yele Bademosi, a co-founder of Nestcoin, labeled the scenario as challenging for the company and the broader crypto sector in a communication to investors. As per the firm, its aspiration to reclaim a significant...
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