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JPMorgan’s recent report notes that a potential broader crypto market in August could benefit altcoins too. If Bitcoin’s price rises in August, altcoins could recover as well.

Bitcoin and altcoins poised for August recovery, JPMorgan forecasts

The attack is being associated with the Inferno Drainer group, who are known for using a sophisticated wallet kit that tricks users into signing transactions that transfer their digital assets to the attackers.

Security flaws in DeFi highlighted by recent DNS hijacking incident

The firm had filed for bankruptcy in January and is now looking to maximise value for its creditors and other stakeholders as it winds down operations.

Terraform Labs begins wind-down with $4.5B asset sale