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Market news: A U.S. judge extended the deadline to prevent the Trump administration from completely suspending federal funding.On February 26, according to NBC News, the White House said that the large bruise on the back of US President Trumps right hand was caused by shaking hands. The bruise was visible when Trump met with French President Macron at the White House on Monday. White House Press Secretary Levitt said: "President Trump has bruises on his hands because he works and shakes hands all day long." Photos show that Trumps right hand had obvious bruises or redness and swelling on at least two other occasions in August and November last year. The situation was also reported by multiple news media in 2024. In an article published in December 2024, Time magazine quoted Trump as saying: "This is caused by shaking hands with thousands of people."On February 26, a U.S. judge rejected the Associated Presss emergency motion to restore its right to interview the White House press conference on February 24, and said that another hearing would be held on March 20. The White House and the Associated Press subsequently responded to the ruling. In a statement issued on the same day, the White House said, "Asking questions to the President of the United States in the Oval Office and on Air Force One is only a privilege granted to reporters, not a legal right." A spokesperson for the Associated Press responded that the Associated Press will "continue to defend the right of the press and the public to speak freely without government retaliation" and look forward to the next hearing.Tesla (TSLA.O)s losses widened to 10%, hitting a new low since November 8 last year.Politico reporters said the U.S. House of Representatives passed a procedural vote on the U.S. Republican budget plan, preparing for a vote in the evening.

Ethereum Stablecoin Dapp Loses Over $180 Million in Exploit

Cory Russell

Apr 19, 2022 10:57


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For the first time, the protocol's TVL has topped $150 million.


Furthermore, the exploiter made a $250k donation to the Ukraine Crypto Donation.


The Beanstalk Farms, an Ethereum-based Decentralized Finance (DeFi) scheme, was targeted for $182 million today, demonstrating that 2022 isn't taking a break from crypto cyber attacks.


Beanstalk Farms was the victim of a $182 million hack in which over 24.8 thousand ETH and 36 million BEAN were stolen.


The protocol's TVL just surpassed $150 million for the first time.


In addition, the exploiter donated $250k to the Ukraine Crypto Donation.


Another Ethereum-based Decentralized Finance (DeFi) scheme dubbed the Beanstalk Farms was attacked for $182 million today, indicating that 2022 isn't taking a holiday when it comes to crypto cyber assaults.


April Witnesses Its First Major Attack

According to Peckshield Inc., a blockchain security and data analytics business, an unusual transaction occurred on Ethereum, which was reported to the Dapp.


Millions of dollars were exchanged in Ethereum (ETH), BEAN, DAI, and USDT.


Closer examination revealed that the transaction was the result of the exploit, which was subsequently validated by the protocol. Beanstalk Farms announced the hack on Twitter, saying, "Beanstalk experienced an exploit today." The Beanstalk Farms team is investigating the incident and will inform the community as soon as possible... We're putting in every effort to make progress. We're asking the DeFi community and specialists in chain analytics to assist us restrict the exploiter's capacity to withdraw assets through CEXes as a decentralized initiative. If the exploiter is willing to talk, we are as well."


According to Peckshield, the hack was carried through via BIP18's flash loan aided pass. The hacker initially withdrew over 100 ETH worth $291k, which served as the attack's starting funding.


The hack's profits were more than $80 million, which were placed in Tornado Cash. The hacker even contributed $250k to the Ukraine Crypto Donation out of the $80 million.


Overall, the hacker made off with $24,830 worth $72.4 million and another 36 million BEAN, which was worth $36 million before yesterday but is now only worth $4.36 million.


The onslaught had such a strong impact on the price action that the coin ended up shedding more than 86 percent of its original $1.1 value and is now trading at $0.12.

Hacks and Exploits Emerging From?

While no one organization can be blamed for this incident, North Korea is notorious for large-scale hacking.


The Lazarus gang, which is controlled by the governing party, was also responsible for the largest attack in crypto history, in which Axie Infinity's Ronin Network lost $625 million.


In 2021, the hackers exploited more than $400 million in digital assets on their own, and they continue to bring attention to themselves. The Lazarus Group will be motivated to carry out additional such hacks if North Korea seems to be utilizing this cash to boost its missile development.

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