Hyperliquid Trader Earned $3 Million By Manipulating XPL Token

A coordinated market manipulation operation on the decentralized exchange, Hyperliquid, allowed one or several traders to obtain a net profit of USD 2.78 million by operating the plasma token (XPL), as revealed on April 3 by the on-chain intelligence firm, Arkham. Seven wallets deposited a total of USD 1.85 million in Hyperliquid through the platform’s … Read more

Solana’s largest derivatives DEX hacked and $270 million stolen

Among the stolen assets are USDC, WBTC, WETH, cbBTC and JLP tokens worth USD 155M. The attacker converted the funds into USDC and bridged them to the Ethereum network. Drift Protocol, the leading decentralized perpetual futures exchange on the Solana network, was the victim of a exploit this Wednesday, April 1, which resulted in the … Read more

Kucoin will have to pay a millionaire fine in the United States after declaring himself guilty

Kucoin, one of the largest cryptocurrency exchanges in the world, He declared himself guilty of operating without a license in the United States and agreed to pay more than USD 297 million in fines and seizures, As announced by the Department of Justice (DOJ) on January 27. The Peken Global Limited company, based in Seychelles … Read more