Unknown attackers recently siphoned digital assets valued at just under $ 1.6 million from the decentralized finance protocol, Pike Finance. The protocol announced it is offering a 20% reward for the return of the funds, while an ongoing investigation into the incident continues. USDC Vulnerability The decentralized finance (defi) protocol, Pike Finance, said on …
Microstrategy’s Bitcoin Investment Flourishes, Netting $1.6 Billion Profit
Recent statistics reveal that Microstrategy, a company known for its business intelligence, mobile software, and cloud services, has seen a significant increase of over 30% in its bitcoin investments. The company invested a total of $ 5.314 billion, with the current value of its bitcoin cache reaching $ 6.915 billion, marking a substantial …
Report: Operators of Central African Republic-Based Crypto Investment Firm Disappear With $1.6 Million
According to reports, the operators of a Central African Republic (CAR) crypto company which promised a high return on money invested have disappeared along with $ 1.6 million in investor funds. High-profile personalities including lawmakers and senior government employees are among the hundreds of CAR residents who fell victim to the apparent scam. Company …
Michael Burry Bets $1.6 Billion Against Market: ‘Big Short’ Investor Takes Bearish Stance on S&P 500 and Nasdaq
In filings with securities authorities released on Monday, renowned hedge fund manager Michael Burry, whose exploits were famously captured in the film “The Big Short,” took a bearish stance on the market. Burry’s Scion Asset Management shorted the S&P 500 and Nasdaq 100 for the close of the second quarter, wagering approximately $ 1.6 …