Solana-hacked crypto could be claimed as a tax loss: Experts
Australian, Canadian & U.K. crypto investors may potentially claim hacked crypto as a tax loss, but U.S. investors will miss out, according to tax experts. For unlucky crypto investors looking to turn lemons into lemonade — it turns out that digital assets lost during an exploit or hack can potentially be claimed as a tax loss, provided you live in the right country, experts told Cointelegraph. Following the news that more than 8,000 Solana wallets had been compromised and that an estimated $8 million dollars in crypto had been stolen due to a security breach in Web3 wallet provider....
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The FBI is not bidding on stolen National Security Agency (NSA) source code with bitcoins seized from Silk Road, contrary to a widely reported allegation. That’s according to security experts interviewed by The Hill. The allegation emerged when a bitcoin user sent money to both an NSA source code account and the seized bitcoin account, but no money changed between the accounts, according to experts. NSA Source Code Hacked. Last week, a group called the Shadow Brokers claimed to have hacked NSA source code and offered to sell hacked source code in exchange for the most generous financial....
American rapper and actor 50 Cent was recently at the center of a meme coin saga on the Solana network. The rapper refuted promoting the GUNIT meme coin, claiming his X (formerly Twitter) account was hacked by individuals pushing the cryptocurrency. Related Reading: Japanese Crypto Market Shakeup: BitFlyer Eyes Dominance With FTX Japan Buyout Hackers […]
A panel of crypto industry experts has predicted that solana will be worth $166 by 2025 and $512 by 2030. “SOL is one of the leading contenders in the smart contract blockchain space. They are likely to be one of the chief beneficiaries if the Ethereum upgrades fail to deliver lower transaction fees,” one of the experts said.
Solana’s Price Prediction
Price comparison portal Finder updated its solana (SOL) price predictions Tuesday. Finder “measures expert predictions of the future SOL price” using weekly and quarterly surveys. “Our....
As Ethereum continues its unstoppable 400% surge and Solana and XRP make waves, crypto enthusiasts are already hunting for the next parabolic opportunity. Enter Pawfury (PAW), the breakout altcoin that’s causing a bullish frenzy in the crypto community. Experts are eyeing Pawfury as the potential next-gen golden star for 2024, with many predicting it could […]
The Solana-centric lending application Solend lost $1.26 million in an oracle attack, according to Solend’s official Twitter account on Wednesday. A number of affected pools were disabled, and Solend says it has given crypto exchanges the exploiter’s address. Solana Defi Application Solend Loses $1.26 Million in Oracle Exploit The crypto community has seen two significant hacks in the last 24 hours, and one of them stemmed from the decentralized finance (defi) protocol Solend. The team’s official Twitter account tweeted about the loss after it said it suffered from an oracle attack....