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13:05
A review of the timeline of the STRC preferred stock crash incident
The collapse of STRC preferred shares involved a range of factors including bond repurchase, reduced cash reserves, and the Bitcoin bear market, which together led STRC to face parity challenges.
13:03
Iran May Charge "Insurance Fee" for Vessels Passing Through the Strait of Hormuz
BlockBeats News, June 20th - According to the Financial Times, the Iran's Ports and Maritime Organization has issued a document requiring all ships to have approval insurance from the organization to pass through the Strait of Hormuz. This insurance is free within the timeframe specified in the US-Iran memorandum of understanding and may be charged for in the future. This document is circulating among the shipping industry management. The document states, "All ships must have a valid insurance policy approved by the Ports and Maritime Organization of the Persian Gulf," and currently, this insurance is "free of charge," but the organization "reserves the right to charge premiums in the future."
12:52
Flash Loan: OLPC Liquidity Pool on BSC Exploited, Hacker to Abscond with 633.4 ETH Deposited into Tornado Cash
BlockBeats News, June 20th, according to PeckShield monitoring, a flash loan attack occurred on the OLPC/LABUBU liquidity pool on PancakeSwap on the BNB Chain, resulting in approximately $1.1 million in losses. The attacker subsequently transferred the stolen funds to the Ethereum network and deposited 633.4 ETH into Tornado Cash. They also sent 0.0221 BNB and 0.0411 ETH to a blackhole address (an unusable burn address).
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