NEWS | Goblin Crypto

CoinFLEX Turns Roger Ver’s Debt Into a Token After Defaulting on Customer Deposits; Offers 20% APY if Users Buy it

06/28/2022 12:00 pm 07/01/2022 8:13 pm

The cryptocurrency exchange CoinFLEX on Tuesday debuted a new token, Recovery Value USD (rvUSD), in an effort to finance customer withdrawals after the exchange abruptly ran out of funding. “During the recent market volatility, a long-time customer of CoinFLEX’s account went into negative equity, meaning the individual’s account currently holds a negative balance,” CoinFLEX CEO Mark Lamb said in a Tuesday blog post on his company’s website, noting the insolvency forced the exchange to halt user withdrawals …

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Harmony Hacker Begins Funneling Funds Through Tornado Cash

06/27/2022 8:00 pm 07/03/2022 9:50 pm

The $100 million stolen from Harmony’s Horizon bridge last week began moving on Monday through the crypto anonymizing service Tornado Cash, according to blockchain records. The hacker had moved $19 million through Tornado Cash as of mid-afternoon, and was moving funds at a pace of 100 Ethereum — or about $12,000 — every six minutes. Etherscan records showed the perpetrator moved a little more than 18,000 ETH to a second wallet, which split it three …

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Officials Reportedly Block Celsius CEO Alex Mashinsky During Attempt to Leave for Israel

06/27/2022 12:00 pm 09/05/2022 3:33 pm

Federal aviation authorities reportedly blocked Celsius Network CEO Alex Mashinsky from leaving the United States last week as the disgraced executive attempted to board a flight for Israel. “Alex Mashinsky attempted to leave the country this week via Morristown Airport, but was stopped by authorities,” BrightScope founder Mike Alfred wrote in a post on Twitter late Sunday evening, adding that it was “unclear at this moment whether he was arrested or simply barred from leaving.” …

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Harmony Developers Offer $1 Million Bounty in Exchange for $100 Million Lost in Hack

06/26/2022 12:00 pm 01/18/2023 4:34 pm

Harmony Network developers said late Saturday they would pay a $1 million bounty for the return of the $100 million they lost to a hacker on Thursday. “We commit to a $1M bounty for the return of Horizon bridge funds and sharing exploit information,” they wrote in a message on Twitter. “Harmony will advocate for no criminal charges when funds are returned.” Founder and CEO Stephen Tse expanded on the situation in a series of tweets …

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Meet the Developer Who Publicly Warned Harmony it Would be Hacked Months in Advance

06/25/2022 3:00 pm 09/13/2022 10:42 pm

A security developer’s prediction that the Harmony Network would be hacked made the rounds over the weekend after it was breached in the precise manner that he described. “Since the current narrative du-jour is bridges & bridge hacks, I wanted to do some digging on the Harmony bridge on Ethereum, which secures ~$330m worth of tokens,” the pseudonymous developer, “ApeDev,” wrote in an April 1 post on Twitter. “The security of the bridge is currently …

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