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M2 crypto exchange hacked for $13M, user funds already restored
1.11.2024
The industry is still recovering from the $230 million WazirX hack, which occurred less than four months ago
WazirX Founder Breaks Silence on ‘Secretly Moving’ $75M User Funds
22.10.2024
WazirX founder Nischal Shetty has responded to allegations that the Indian crypto exchange “secretly moved” $75 million worth…
Ether.fi thwarts domain account takeover attempt, confirms user funds safe
25.9.2024
Ether.fi credits security upgrades and partners for thwarting a domain account takeover before user funds were compromised
Ether.fi thwarts domain account takeover attempt, confirms user funds safe
25.9.2024
Ether.fi credits security upgrades and partners for thwarting a domain account takeover before user funds were compromised
Binance Rejects Wazirx’s Claims — Denies Responsibility for Hack Consequences
18.9.2024
Crypto exchange Binance has responded to accusations from Wazirx and Zettai about how its dispute with Wazirx affects user funds lost in the July cyberattack. The company insists that responsibility for the incident lies with Wazirx’s management under Zanmai and Zettai, not Binance. Rejecting...
Wazirx Fast-Tracks INR Withdrawals but Users Face 6-Month Crypto Trading Delay
4.9.2024
Indian crypto exchange Wazirx has accelerated Phase 2 of INR withdrawals after a cyberattack on July 18. Initially scheduled for Sept. 9, eligible users can now withdraw up to 66% of their INR balances. However, crypto trading on the platform will not resume for another six months. Wazirx Expedites...
UAE Bank Launches VASP-Focused Accounts for Managing User Funds
1.8.2024
Commercial Bank of Dubai (CBD), a United Arab Emirates-based bank, has launched dedicated accounts for virtual asset service providers to manage client funds. CEO Bernd van Linder said the move aligns with CBD’s core banking services and supports the bank’s plans to foster the digital economy. VASP...
$8M theft forces Bittensor network shutdown
3.7.2024
All user funds are safe following the network halt, according to Bittensor’s team
XLink Partners with Kaamel Technology to Investigate $10M Security Breach
20.5.2024
XLink has announced a partnership with cybersecurity firm Kaamel Technology, which aims to thoroughly investigate the 'root cause' of a data breach incident on May 15, involving nearly $10 million of user funds.
The post XLink Partners with Kaamel Technology to Investigate $10M Security Breach...
Cypher Protocol Developer Confesses to Stealing $300,000 in User Funds and Gambling Away
15.5.2024
A pseudonymous developer at Solana-based Cypher Protocol has confessed to stealing approximately $300,000 worth of user funds and gambling them away.
The post Cypher Protocol Developer Confesses to Stealing $300,000 in User Funds and Gambling Away appeared first on Cryptonews
Solana-based Cypher developer confesses to gambling away $300K of user funds
15.5.2024
The insider’s exploit went unnoticed for months, despite over 36 individual transactions
ZKasino Faces Controversy for Moving $33M in Investor and User Funds to Lido Staking Protocol
22.4.2024
ZKasino, a blockchain-based gambling project, has found itself at the center of a heated controversy after it abruptly shifted $33 million worth of investor and user funds to the staking protocol Lido.
The post ZKasino Faces Controversy for Moving $33M in Investor and User Funds to Lido Staking...
Prisma Finance Works Toward Exploit Recovery, $540K Vulnerable
1.4.2024
Prisma Finance addresses the recent security breach of $11.6 million with a recovery strategy and measures aimed at protecting $540,000 in user funds still vulnerable.
The post Prisma Finance Works Toward Exploit Recovery, $540K Vulnerable appeared first on Cryptonews
Munchables Retrieves All Funds from Exploiter, Refund in Progress
27.3.2024
Former Munchables developer opts to return the exploited funds without ransom as the web3 gaming platform recovers $97 million user funds and prepares for compensatory refund.
The post Munchables Retrieves All Funds from Exploiter, Refund in Progress appeared first on Cryptonews
KuCoin Appears Not to Commingle User Funds and has “Sufficient” Reserves: CryptoQuant CEO
27.3.2024
In the midst of criminal allegations and growing concerns over its reserves, the Seychelles-based cryptocurrency exchange KuCoin has received a vote of confidence from Ki Young Ju, the founder and CEO of crypto analytics service CryptoQuant.
The post KuCoin Appears Not to Commingle User Funds...
Layerswap Recovers Domain After Hijack, Restores User Funds After $100,000 Loss
21.3.2024
Layerswap fell victim to a domain hijacking incident that resulted in a phishing scam that stole roughly $100,000 worth of crypto assets from around 50 users.
The post Layerswap Recovers Domain After Hijack, Restores User Funds After $100,000 Loss appeared first on Cryptonews
Binance-Backed Platform NFPrompt Hacked, User Funds Lost
15.3.2024
NFPrompt, a content generation platform incubated by Binance Labs, disclosed a crypto security breach resulting in the loss of user and platform funds.
The post Binance-Backed Platform NFPrompt Hacked, User Funds Lost appeared first on Cryptonews
Unizen Pledges Reimbursements After $2.1M Loss in Platform Breach
11.3.2024
Unizen has taken swift action in response to a recent security breach that resulted in the loss of approximately $2.1 million in user funds.
The post Unizen Pledges Reimbursements After $2.1M Loss in Platform Breach appeared first on Cryptonews
Crypto Yield Firm Haru Invest Execs Arrested in S.Korea for Laundering User Funds
6.2.2024
Top executives of Haru Invest, a South Korean crypto yield platform, have been arrested by the county’s prosecutors on Monday. The crypto investigation arm of the Seoul Southern District Prosecutors’ Office have arrested three people in connection with crypto fraud worth 1 trillion Won ($752...
Uniswap Prioritizes Security, Unveils Permit2 to Stop Hackers Draining User Funds
18.1.2024
Uniswap introduced the Permit2 security upgrade to address vulnerabilities allowing hackers infinite token access and withdrawals. Image by vladim_ka, Adobe Stock. Decentralized exchange Uniswap has unveiled a new security tool called Permit2 today to give users more control over their digital...