Prisma Finance says $540K still at risk, hacker demands team reveal themselves Isna, August 13, 2024 Decentralized finance (DeFi) firm Prisma Finance says there’s still $540,000 of funds from accounts yet to revoke the smart contract responsible for last week’s $11.6 million exploit. Meanwhile, the self-claimed “white hat” hacker behind the exploit says they will hold back the return of funds until the firm apologizes and reveals their team’s identity online. In a “path forward” post on April 1, core contributor “Frank” said it will continue to pursue for the return of funds, but the top priority is to unpause the protocol — but said it needed all users to ensure their wallets and positions were … Continue Reading
Car finance firms face ‘headache’ over wave of complaints Isna, August 12, 2024 Many have described the scandal as the “next PPI”, which saw banks paying out billions of pounds in compensation to customers who were mis-sold personal protection insurance. Consumer expert Martin Lewis revealed earlier this month that over one million car finance complaints had been submitted since he launched the car finance reclaim tool on the MoneySavingExpert.com website – around 30,000 per day. He said: “In value terms, car finance mis-selling is potentially going to be the second biggest reclaim payout in UK history – possibly over £10bn repaid – which could even provide a fillip to the economy as PPI … Continue Reading