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ParaSwap Resolves Vulnerability in Newly-Launched Smart Contract, Returns Crypto Assets to Users
25.3.2024
ParaSwap has addressed a critical vulnerability in its recently launched Augustus v6 smart contract and has commenced the process of returning cryptocurrency assets to affected users.
The post ParaSwap Resolves Vulnerability in Newly-Launched Smart Contract, Returns Crypto Assets to Users appeared...
India’s FIU Ban: Local Players Offer Haven for Binance, OKX Users
16.1.2024
Source: Adobe / promesaartstudio Following the recent ban by India’s Ministry of Finance Financial Intelligence Unit (FIU) on offshore crypto exchanges like Binance, OKX, and others, Indian crypto exchanges are stepping in to offer solutions to affected users. The FIU’s move...
KyberSwap’s CEO Says Staff Strength Reduced by 50% Following Exploit and Related Challenges
27.12.2023
Source: KyberSwap KyberSwap’s CEO Victor Tran says the company has reduced its staff by 50% following a $48 million exploit last month stressing on keeping operations running and compensating all affected users with their assets. In a Dec 25 post, the CEO took to X (formerly Twitter) to explain...
Web3 Credentials Platform Galxe to Refund $396,000 to Affected Users Post DNS Attack – Here's the Latest
12.10.2023
Web3 credentials and rewards platform Galxe has announced intentions to refund over $396,000 to more than 980 users who were impacted by a significant DNS attack last week.
In addition to the refund, Galxe has committed to adding an extra 10% to the lost funds as a goodwill gesture, according...
Galxe shares recovery plan for affected users
11.10.2023
Galxe suffered a security issue on October 6, 2023. The venture has now come up with a plan to make recovery accessible to those users who were affected. Reference first: select users had authenticated a transaction on the phishing site. Thereby, they lose their funds to the scammers. However...
iFinex proposes $150M share buyback from Bitfinex hack affected users: Report
11.10.2023
Bitfinex hack victim from 2016 received iFinex shares as a form of compensation as the crypto exchange didn’t have enough cash at hand to make users whole
Report: Hong Kong Crypto Exchange JPEX Converts Users’ Funds to an Illiquid Digital Token
7.10.2023
The Hong Kong cryptocurrency exchange JPEX recently converted user funds to a native token known as JPC. According to JPEX, affected users will only be able to cash this token out after two years. One affected user said the crypto exchange did not inform them of the conversion rate used to complete...
Report: Hacked Nigerian Crypto Exchange Raises Capital for User Reimbursements
1.10.2023
The recently hacked Nigerian gift card and crypto exchange platform Patricia said on Sept. 29 that it had raised money to refund users. Some users have reportedly grown impatient with the crypto exchange and are weighing their legal options. Unilateral Conversion of Users’ Funds The Nigeria...
Kucoin Exchange Twitter Account Hacked, Exchange Pledges to Reimburse Affected Users – Here's the Latest
24.4.2023
The official Twitter account of the KuCoin exchange experienced a malicious breach for about 45 minutes in the early hours of April 24, which resulted in users' loss of $22,628.
However, the platform has stated that it will implement stronger security features and reimburse affected...
Crypto Exchange Bitrue Suffers $23 Million Hack
14.4.2023
Singapore-based crypto exchange Bitrue has lost millions of U.S. dollars’ worth of ether and other coins in a hack. The trading platform suspended withdrawals until early next week to conduct additional security checks and promised to compensate the affected users. Bitrue Exchange Loses...
Hackers Attack Domain Registrar Namecheap; Flood of DHL and Metamask Phishing Emails Follow
13.2.2023
On Sunday, Feb. 12, 2023, the domain registrar Namecheap’s email account was compromised by hackers. Subsequently, a large number of individuals received phishing emails claiming to be from Metamask and DHL. These emails originated from the email platform Sendgrid, a service used by Namecheap...
Harmony Proposes Minting Billions of ONE Tokens to Reimburse Hack-Affected Users
27.7.2022
Layer-1 blockchain Harmony has proposed to mint billions of its ONE tokens in order to reimburse the victims of the Horizon bridge hack that saw around USD 100m of user funds stolen.
The Harmony blockchain would have to hard fork and increase the supply of ONE to mint new tokens. The team said...
Hacked Vulcan Forged Says It Has Refunded 'the Majority' of Affected Users
14.12.2021
The hacked play-to-earn non-fungible token (NFT) platform Vulcan Forged, which offers over six blockchain games, a decentralized exchange (DEX), and an NFT marketplace, said it has refunded the majority of affected users from its treasury.
The platform fell victim to a hack on Monday and lost...
DeFi Project dForce Refunds All Affected Users After $25M Hack
28.4.2020
The Lendf.me smart contract was hacked on April 29, but then, curiously, the funds were returned two days later
Binance CEO Urges 'Unfairly Affected' Users to Contact the Exchange
19.2.2020
Changpeng Zhao. After a week filled with a variety of technical glitches and performance issues on Binance, CEO Changpeng (“CZ”) Zhao has come out with an update to users where he invites affected traders to follow up with the exchange while admitting that more issues may arise in the future.
In...
Hacked BITpoint Exchange to Refund 50,000 Affected Users in Crypto
17.7.2019
BITPoint Japan has said that the roughly 50,000 users who lost funds in its recent hack will be reimbursed in cryptocurrency on a 1:1 basis