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Victim of ETH Restaking Exploit Receives Funds Back

In an unexpected turn of events, the victim of a recent Ethereum (ETH) restaking exploit has received their stolen funds back from the scammers. This rare act of restitution follows an incident where the victim’s funds were illicitly taken due to vulnerabilities in the restaking process.

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In an unexpected turn of events, the victim of a recent Ethereum (ETH) restaking exploit has received their stolen funds back from the scammers. This rare act of restitution follows an incident where the victim’s funds were illicitly taken due to vulnerabilities in the restaking process.

The exploit, which targeted the restaking mechanism within the Ethereum network, led to significant losses for the affected individual. However, the hackers have now returned the stolen assets, a move that is highly unusual in the world of cryptocurrency crime.

Details of the exploit reveal that the hackers had exploited flaws in the smart contract system, allowing them to drain the victim’s funds. The specific vulnerabilities leveraged in this attack are still under investigation, with security experts working to understand and mitigate the risks associated with restaking protocols.

The decision by the scammers to return the funds has sparked widespread discussion in the cryptocurrency community. While some see it as a potential sign of remorse or an attempt to avoid legal consequences, others speculate it could be a calculated move to gain positive attention or reduce the scrutiny of their activities.

The returned funds offer a glimmer of hope for other victims of similar exploits, although such outcomes remain rare. This incident highlights the ongoing challenges in securing decentralized finance (DeFi) platforms and the importance of robust security measures.

As the investigation continues, the Ethereum community is urging users to exercise caution and stay informed about potential vulnerabilities. The incident serves as a stark reminder of the risks inherent in the rapidly evolving DeFi landscape and the critical need for ongoing vigilance and security enhancements.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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