Altcoin News Official TheBitTimes.com

The lead plaintiff in a recently filed lawsuit against memecoin platform Pump Fun is reportedly still using the site despite having lost almost $50,000 trading its tokens. In the lawsuit filed yesterday by Burwick Law, its main plaintiff was shown to have lost $231 trading the Peanut the Squirrel (PNUT) memecoin. However, tracing the trader’s address reveals that his wider Pump Fun trades have lost him a total of $49,535 . So I dug into the plaintiff a little bit more. Not only is he down $50k on pump​.fun trades, he’s kept trading there even after the lawsuit was filed. pic.twitter.com/CWltA3mJQO — Molly White (@molly0xFFF) January 17, 2025 Molly White shared transactions that revealed he continued to trade after the lawsuit was filed. Crypto journalist Molly White first detailed the losses, noting that the lawsuit failed to include a decimal in the token’s volume, leading some to claim that he would’ve been a billionaire if he’d held. Instead, White no...

According to a report by Hacken, almost half of the crypto hacks in 2023 occurred due to access control issues. The crypto market faced losses totaling $1.9 billion due to hacks in 2023, reflecting a significant 93.6% decline compared to 2022, primarily influenced by the Terra collapse, as per a research report from Hacken, a blockchain security auditor. Despite this decrease, analysts express concern about the dynamics of 2023, emphasizing the quantity and nature of incidents. While the scale of attacks may appear smaller than in 2022, Hacken highlighted a 14% increase in attacks over the past year, identifying access control issues as the most damaging vulnerability in 2023. “Unauthorized access to hot wallets by hackers or insiders accounted for half of all stolen funds, averaging $31 million per incident.” Hacken Other types of attacks, including rug pulls and flash loan attacks, still enriched hackers with hundreds of millions of dollars worth of crypto, as in...