CRYPTO NEWS

Messari acquires assets and business of fundraising database Dove Metrics

Messari will use Dove Metrics’ fundraising data to enhance real-time monitoring and transparency in the crypto fundraising ecosystem.

Messari, a leading blockchain analytics and crypto market intelligence firm, has acquired the assets and business of fundraising data platform Dove Metrics, CoinJournal has learnt from a press release.

The acquisition has allowed Messari to integrate Dove Metrics’ dashboard into its system and is set to incorporate additional functionality to make it even more beneficial to its operations, the firm said in the press release.

Dove Metrics is a platform of Blackrose Capital Management.

Bringing real-time tracking of fundraising data

According to Messari, acquiring the assets and business of Dove Metrics will boost its services and products through increased transparency, especially on data about ecosystem fundraising.

Messari Vice President of Market Intelligence, Eric Turner said tapping into Dove Metrics’ technology provides it with the capacity to offer its users the tools they need to stay informed about market trends. Among the benefits will be the ability to access real-time monitoring of which top projects being backed by investors, he added

Dove Metrics has monitored more than 8,000 investors as they participated in multiple crypto funding rounds, with data gathered including that of top venture capital funds, hedge funds, corporate funds, investment DAOs and angels.

The platform has also tracked nearly 3,000 funding rounds, with more than 300 of these being financing efforts of individual funds. The datasets also include details on 200 merger & acquisitions (M&As) in the crypto ecosystem.

Dove Metrics was co-founded by two experienced individuals in the crypto investing landscape – Regan Bozman and Pierre Chuzeville (also of early-stage crypto venture capital fund Lattice).

The post Messari acquires assets and business of fundraising database Dove Metrics appeared first on CoinJournal.

Binance Recovers 83% of Stolen Funds in Curve Finance DNS Attack

Leading cryptocurrency exchange Binance has helped recover crypto assets worth about $450,000 stolen from Curve Finance users. The funds represent about 83% of the total amount stolen from users.  Binance CEO Changpeng Zhao shared the update on Twitter today, noting that the Curve Finance hacker sent the assets to Binance using different techniques to bypass::Listen

Leading cryptocurrency exchange Binance has helped recover crypto assets worth about $450,000 stolen from Curve Finance users. The funds represent about 83% of the total amount stolen from users. 

Binance CEO Changpeng Zhao shared the update on Twitter today, noting that the Curve Finance hacker sent the assets to Binance using different techniques to bypass the exchange’s security. However, the company identified the transactions and froze the assets. 

Binance to Return Funds to Curve Finance Users

According to CZ, Binance will return the recovered $450,000 to the victims. The exchange is currently working with law enforcement to make that happen. 

DeFi protocol Curve Finance suffered a front-end attack earlier this week, with the hacker draining more than half a million dollars worth of ether (ETH). On-chain data suggests that the attacker made away with about 363 ETH (about $617,000 at the time). 

According to reports, the attacker targeted the project’s nameserver curve. fi and redirected users to a cloned site. Unsuspected users who connected their wallets to the cloned website had their assets stolen. 

Curve Finance Attack Escapes With $47,000

Shortly after the hijack, the attacker transferred 135 ETH ($230,000) to crypto exchange FixedFloat, perhaps hoping to launder the funds. However, the platform said it was able to freeze 112 ETH ($188,000) from the total it received. 

After failing to launder stolen assets with FixedFloat and Binance, the attacker opted for a crypto mixer. According to on-chain data, the hijacker transferred 27.78 ETH ($47,000) to Tornado Cash, a popular mixer for crypto hackers that the United States recently sanctioned

Meanwhile, this is not the first time Binance has helped to recover stolen crypto assets. The exchange usually confiscates stolen funds transferred to its platform. In one such case, the Binance security team recovered $350,000 of stolen funds in a DeFi exit scam. 

The post Binance Recovers 83% of Stolen Funds in Curve Finance DNS Attack appeared first on CryptoPotato.

Messari acquires assets and business of fundraising database Dove Metrics

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