4/30/2023 0 Comments Coincheck company hack![]() "Opinion | What Is Happening to the People Falling for Crypto and NFTs". Retrieved 2 December 2021 – via Yahoo News. "Solana says it is back up and running after a surge in transactions caused the network to crash the day before". ^ Shumba, Camomile (15 September 2021)."Def Jam Signs Virtual Band The Whales in Latest Major-Label Web3 Partnership". "FTX's Balance Sheet, Hack Paint Dim Picture for User Recovery". " 'Ethereum Killer' Solana Falls Prey to Binance-FTX Deal Turmoil". ^ Shen, Muyao Shukla, Sidhartha (9 November 2022).^ "How will the Binance-FTX drama affect Solana? Here's what we know so far".^ a b "Crypto Takes a Fresh Hit as Thousands of Solana Wallets Hacked".^ "Hacking attack drains £5m from 8,000 wallets linked to Solana crypto network"."New Lawsuit Alleging That Solana Is A Security Could Have Big Implications For The Crypto Investment Landscape". "Crypto Startup Solana Raises $314 Million to Develop Faster Blockchain". ^ a b "Solana's slide accelerates - $50 billion in value wiped from the cryptocurrency in 2022".Solana's outages have frequently resulted in the value of the network's native Sol token falling. On 1 October, 2022, the Solana network went down for 6 hours due to a consensus bug in the validator client allowing a misconfigured node to publish multiple valid but different blocks. This outage lasted about four and a half hours. The blockchain went offline again on 31 May, 2022, due to a bug in how the blockchain processes offline transactions. The Solana blockchain again went offline on 1 May, with the outage lasting roughly seven hours due to it being taken offline by bots. The network was brought back online the next day on 15 September, 2021. On 14 September, 2021, the Solana blockchain went offline after a surge of transactions caused the network to fork, and different validators had different views of the state of the network. In February 2023 Def Jam and Universal Music Group signed The Whales, a gamified avatar music group built around Solana NFTs. By the end of 2022, Solana had lost more than $50 billion in value since the beginning of the year. Solana was Alameda's second-largest holding at the time and FTX held $982 million in Solana tokens. In November 2022, the price of Solana dropped by 40 percent in one day following the Bankruptcy of FTX, due to sell off from Alameda Research. The company stated that the hack was caused by digital wallet software from Slope Finance. On 3 August, 2022, 9,231 Solana wallets were hacked and four Solana wallet addresses stole approximately $8 million from victims. The lawsuit claimed that Solana stated it would reduce the supply by this amount, but it only burned 3.3 million tokens. According to the lawsuit, Anatoly Yakovenko, the founder of Solana Labs, lent a market maker more than 11.3 million tokens in April 2020 and failed to disclose this information to the public. The lawsuit accused Solana of selling unregistered securities tokens in the form of Solana from March 24, 2020, onward and that Solana deliberately misled investors concerning the total circulating supply of SOL tokens. On July 1, 2022, a class action lawsuit was filed against Solana. In June 2021, Solana sold $314 million worth of shares in its company, in the form of digital tokens rather than the traditional equity shares. ![]() Solana's first block was created on 16 March, 2020. The company has been subject to several outages and a class-action lawsuit regarding the sale of unregistered tokens. Solana's total market cap was US$55 billion in January 2022, however by the end of 2022 this market the cap had fallen in value by 95 percent. Solana is a blockchain platform that was founded in 2020. ![]()
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