Celsius boss Alex Mashinsky may be largely responsible for many of the firm’s unprofitable trades leading up to its bankruptcy. A new report from the Financial Times (FT) suggests that the CEO may have taken over trading operations back in January. He then took actions with company funds that overruled the decisions of other executives with multiple years of finance experience. Mashinsky’s Massive Trades The latest info is according to multiple people familiar with the matter – though the information…
Tag: Harmony
Harmony Community Reacts to Proposal to Mint 5 Billion Tokens as Compensation
On Wednesday, the Harmony blockchain team shared a tentative reimbursement strategy for those affected by June’s Horizon Bridge attack . As the hack robbed the platform of about $99M, the devs intend to mint almost 5 billion native ONE tokens to compensate victims. Details of Minting Proposal Harmony published a blog post sharing the proposal with its community members. The Harmony team has worked tirelessly to brainstorm and develop paths towards reimbursing those who were impacted by the recent hack…
3 weeks ago 
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Harmony’s Horizon Bridge Suffers a 100M Exploit in Latest DeFi Attack
The Horizon bridge to the Harmony blockchain has lost $100 million worth of altcoins to a malicious actor. Harmony announced today morning via Twitter. [embed]https://twitter.com/harmonyprotocol/status/1540110924400324608?s=20&t=cgXzjYq4foPyAMVF1G8Tcg[/embed] Following a brief investigation, the Harmony team pinpointed the attacker’s Ethereum address. After compromising the Horizon bridge, the attacker transferred different tokens to their wallet, with the first transfer coming a little over 20 hours ago. According to Harmony, this exploit did not impact the trustless Bitcoin (BTC) bridge. The protocol claims this bridge’s funds…
2 months ago 739
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