financialloss

Hut 8, one of the world’s largest and innovation-focused digital asset miners and high-performance computer builders, recently published financial results. The latter led them to report a crushing net loss of $134.3 million. The company says these losses are a direct result of operational downtime and the recent Bitcoin halving...

Hut 8, one of the largest players in the Bitcoin mining industry, has just released their Q3 earnings where the company lost $134 million. This financial setback has raised questions about the company's future and its ability to maintain its position in the competitive cryptocurrency market. Hut 8 has some...

A $134 million loss. That’s a headline that blares of disaster for any company, and as we know Hut 8 is no different. But before we write them off as another victim of Bitcoin's volatility, let's ask ourselves: is this a death knell, or a calculated gamble that could redefine...

On April 26th, the Solana DeFi protocol Loopscale was hacked for over $3 million. This breach resulted in a loss of approximately $5.8 million in NFTs. Unfortunately, this exploit has directly impacted Loopscale users. It has led to some much-needed conversations around security and risk management practices within the burgeoning...

Imagine this: you're a teacher, finally deciding to dip your toes into crypto, lured by the promises of a secure financial future. You pick Coinbase—you know the name, you trust the name, it looks like a legitimate platform. Then one day, an email that seems completely legitimate shows up. Instead,...

KiloEx, a decentralized finance (DeFi) platform, tools and liquidity operations have been suspended. This decision comes on the heels of a severe security breach that resulted in losses of around $7.5 million. The attack, which was blamed on oracle manipulation and cross-chain vulnerabilities, sheds light on the systemic risks that...

In the rapidly evolving landscape of decentralized finance (DeFi), security cannot be an afterthought. Recent developments surrounding KiloEx show how quickly things can turn on even the most seemingly promising platforms. It’s a cautionary tale to halt complacency in this rapidly changing environment. MetaBlock X is looking forward to breaking...