Hedera, IOHK join DeRec Alliance as final founding members

September 5, 2024 Coin Telegraph

Algorand

Cardano and Hedera join the Decentralized Recovery Alliance alongside Ripple and Algorand to shape the future of crypto security standards.

Cardano’s development arm, Input Output (IOHK), and Hedera, a decentralized public network, have joined the Decentralized Recovery Alliance (DeRec Alliance) as founding members.

According to a press release shared with Cointelegraph, the two entities join Algorand Foundation, Hashgraph, Ripple and XRPL Labs to lead the security and trust Web3 initiative.

Cardano and Hedera will serve on the Technical Oversight Committee for the next two years, helping shape policies and standards to facilitate crypto recovery and simplify user experience.

HTX DAO’s “Confidence Journey” Second Stop a Success: Partnering with DOGE Community to Build an Open and Inclusive Crypto Ecosystem

JPMorgan Expects Crypto Market Recovery Beginning in August

July 11, 2024 Bitcoin.com

bitcoin.com

Global investment bank JPMorgan has predicted a crypto market recovery beginning in August. The firm revised its year-to-date crypto net flow estimate from $12 billion to $8 billion, citing bitcoin liquidations by Mt. Gox creditors and the German government’s seized asset sales as contributing factors. JPMorgan’s analysts believe this revised net flow will stabilize the […]

HTX DAO’s “Confidence Journey” Second Stop a Success: Partnering with DOGE Community to Build an Open and Inclusive Crypto Ecosystem

Sky Mavis recovers $5.7M from Ronin Bridge hack

June 7, 2024 Coin Telegraph

Sky Mavis recovers .7M from Ronin Bridge hack

Axie Infinity

Axie Infinity creator Sky Mavis said that some of the funds will cover the recovery costs while the rest will return to the Axie treasury.

Sky Mavis, the company behind the popular play-to-earn (P2E) game Axie Infinity, has announced that, with the assistance of Norwegian authorities, it has recovered $5.7 million from the notorious Ronin Bridge incident of 2022.

On June 7, Sky Mavis announced that Norway’s central unit for fighting economic and environmental crimes, called “Økokrim,” froze and returned $5.7 million in funds from the Ronin Bridge hack.

Sky Mavis said the efforts required coordination between law enforcement, lawyers, accountants and blockchain forensic teams like Chainalysis.

HTX DAO’s “Confidence Journey” Second Stop a Success: Partnering with DOGE Community to Build an Open and Inclusive Crypto Ecosystem

Alex Labs rolls out post-exploit recovery plan

May 30, 2024 Coin Telegraph

alex labs

Alex Labs has revealed a recovery roadmap and enhanced security measures post-exploit aimed at rebuilding community trust and resuming operations.

Alex Labs, a Bitcoin layer-2 (L2) developer, announced its roadmap to restore community trust and restart operations on its platform after a recent breach.

The Alex Labs Foundation has two ongoing governance votes, including the re-opening of pools and plans to roll out the migration of its native token and automated market maker (AMM).

The Alex Lab Foundation hosted an X Space on May 29, during which the team detailed the recovery process, answered community questions, and discussed governance.

crypto recovery

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