Defi
Crypto

Crypto lender Kokomo steals $4million in wrapped Bitcoin via exit scam

An optimism-based decentralized finance (DeFi) platform, Kokomo Finance has perpetrated an exit scam, stealing nearly $4 million in users’ funds through “exit scam” over the weekend. According to blockchain security firm CertiK, Kokomo’s developers deployed an attack contract cBTC from the main address of the KOKO native token on Sunday, and then resetted the reward

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Crypto

NFT Investor Animoca Reduces target for Metaverse Fund to $800M

Animoca Brands, a Non-fungible token (NFT) and gaming investor based in Hong Kong that specializes in blockchain technology, has scaled back its target for its “metaverse fund” by 20% to $800 million due to recent volatility in the cryptocurrency industry. This represents another reduction in the company’s ambitions. The company had initially announced that it was working on

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