Category: News

The Protocol: Polyhedra Promises Buyback Plan After Liquidity Attack

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter. In this issue: Polyhedra Blames Liquidity Attacks for Sudden 80% Price Drop in ZKJ, Promises Buyback UK Startup Optalysys Debuts Server for Blockchains Kraken-Backed Ink...
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Here’s why Polygon price is at risk of a 25% plunge

Polygon price continued its freefall, reaching its lowest level since April 21, as the broader crypto sell-off gained momentum. Polygon (POL) dropped to $0.1915, down 32% from its highest point in May and 74% below its 2024 peak. The crash…...
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ZachXBT Flags $5-10B Black Market on Tron Linked to Lazarus Group Hacks

According to on-chain investigator ZachXBT, funds stolen in several recent crypto exchange hacks allegedly linked to North Korea’s Lazarus Group have been successfully laundered through illicit networks and small over-the-counter (OTC) brokers. In a recent post on X, ZachXBT spoke about the growing scale of crypto-related crime and estimated...
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