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Overview
A timeline recording only some of the many disasters happening in crypto, decentralized finance, NFTs, and other blockchain-based projects.
News
Triple-A hacked for $11.8 million
Singapore-based stablecoin payments company Triple-A confirmed that an attacker stole $11.8 million in company funds from its treasury wallets. The company briefly took some services offline while they investigated the hack.Triple-A did not say how much w
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Two arrested after Flare Network staking site scammed users out of 3.4 million XRP ($8.5 million)
South Korean police say scammers running a fake staking website under the name of the real Flare Network took 3.4 million XRP ($8.5 million) from 71 investors. It's possible the scammers stole closer to $19 million. Victims were promised guaranteed return
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Poolin bitcoin mining pool operator files for bankruptcy
Poolin Technology, once among the largest bitcoin mining pools in the world, has filed for bankruptcy, listing more than $100 million in debts against less than $10 million in assets.The largest liability by far is the $163.7 million owed to roughly 11,70
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MVMT Labs files for bankruptcy
MVMT Labs, the company behind the Movement blockchain, has filed for bankruptcy, reporting assets of between $100,001 and $500,000 against liabilities of between $1 million and $10 million. The largest unsecured claim, at more than $1.6 million, belongs t
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Proof of Attendance Protocol (POAP) shuts down
Proof of Attendance Protocol, or POAP, was a darling of the web3 hype cycle and supposed proof of the utility of NFTs. "Using blockchain technology, POAP tokenizes your memories, so they can last forever and be truly yours," the website gushes, presenting
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