DeFi Protocol Hack Drains $455K from Arcadia Finance

DeFi Protocol Hack Drains $455K from Arcadia Finance

Share this article DeFi protocol Arcadia Finance fell victim to a code exploit, leading to a significant loss of approximately $455,000. Blockchain security firm PeckShield was the first to detect and reveal the breach, attributing it to a coding oversight concerning...
Did Sam Bankman-Fried Secretly Cash Out $1.5M?

Did Sam Bankman-Fried Secretly Cash Out $1.5M?

Key Takeaways Sam Bankman-Fried may have sent over $1.48 million worth of crypto to various exchanges to cash out the funds. One of his publicly-known wallets, along with numerous known Alameda wallets, consolidated funds together and then proceeded to ramp them off...
Fed Hikes Rates by Only 50 Basis Points

Fed Hikes Rates by Only 50 Basis Points

Key Takeaways The U.S. central bank announced today that it was increasing the federal interest rates by 50 basis points. The decision brings rates to a range between 4.25% and 4.50%. The Fed’s decision was welcomed by market participants, as it signifies a...