#lost

Liminal, a platform providing institutional crypto custody solutions, has released an official statement about the WazirX breach, labeling the situation a "ongoing disinformation campaign."

Elon Musk revealed via X that Neuralink is developing a device named "Blindsight" that could restore vision even for individuals who have lost both eyes and their optic nerve.

NaNoWriMo, the nonprofit known for its annual novel-writing contest, recently lost four board members and a key financial sponsor after it stated that rejecting artificial intelligence amounted to class inequality and discrimination against people with disabilities.

Blockchain security company Match Systems has identified several developers behind the phishing app Angel Drainer, which promptly ceased operations. Preliminary assessments indicate that at least 35,000 users lost around $25 million due to Angel Drainer's activities.

Data from security service provider Immunefi reveals that since the start of 2024, cryptocurrency projects have suffered $473 million in losses (108 incidents) from hacker attacks and rug pulls. Last month, the industry lost $52 million, a decrease of 20% from April 2024 and 12% from May of the previous year.

In an effort spanning the last two years, Binance has managed to recompense $4 billion to its users, addressing losses from platform glitches or user errors. This includes mishaps like incorrect deposits or transactions amid blockchain upgrades, with the team rectifying upwards of 381,616 such instances.

The bankrupt cryptocurrency exchange FTX is set to sell Digital Custody Inc. (DCI), a subsidiary it acquired for $10 million, to CoinList for merely $500,000. The leadership deems this transaction favorable, given that DCI, a provider of custodial services, has lost its utility following the abandonment of plans to reboot the platform.

Anthony Shnayderman and Itai Bronshtein filed a class-action lawsuit against the NFT platform OpenSea, alleging that it has engaged in trading unregistered securities. The plaintiffs, who purchased several non-fungible tokens, including those from the Bored Ape Yacht Club collection, claim these assets have lost their value due to their illegal status.

On August 1, a bug in the DeFi protocol's smart contract allowed a hacker to mint and claim 58 million CVG. The attacker then sold these tokens for $210,000.

In the second quarter of 2024, crypto projects lost $572 million to fraud and hacks, more than doubling the $265 million in the same period last year. The two biggest victims were centralized exchanges: Japan’s DMM Bitcoin ($305 million) and Turkey’s BtcTurk ($55 million).

The term "ultrasound money" refers to a currency that resists inflation and maintains its long-term purchasing power.

The DeFi project Unizen has announced plans to refund victims of a hacking attack that resulted in losses of $2.1 million. Users who lost less than $750,000 will receive compensation "immediately."