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Harmony Proposes Issuing ONE Tokens to Reimburse Victims of $100M Hack
27.7.2022
Harmony decided against using its treasury funds, citing the project’s longevity
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...
Backlash as Harmony proposes minting 4.97B tokens to reimburse victims
27.7.2022
Under the proposal, there would be either a 100% reimbursement via 4.97 billion new ONE tokens, or a 50% reimbursement with 2.48 billion ONE tokens
Axie Infinity Developer Sky Mavis to Reimburse Victims of Ronin Bridge Hack
24.6.2022
Sky Mavis, the developer of play-to-earn game Axie-Infinity, will reimburse victims of the $620 million Ronin bridge hack
Axie Infinity creator raises $150M led by Binance to reimburse stolen funds
6.4.2022
The developers are currently working on a security upgrade and plan to increase the number of validator groups to 21 before making Ronin Bridge live again
Sky Mavis Raises $150M Round Led by Binance to Reimburse Ronin Attack Victims
6.4.2022
The round along with Sky Mavis and Axie Infinity funds will be used to refund users
Sky Mavis Pledges to Reimburse Players Following Axie Infinity Hack
30.3.2022
The company behind the popular play-to-earn game made the promise after a $625 million hack
Multichain recovers $2.6M stolen funds, to reimburse losses on condition
19.2.2022
The cross-chain router protocol recovered nearly 50% of the total stolen funds and devised a compensation plan for eligible investors
Gofundme Shuts Down Truckers’ Freedom Convoy Fundraiser, Move Highlights the Importance of Crypto Crowdfunding
5.2.2022
This week the world has been watching the thousands of truckers in Canada protesting the vaccine mandates at the Freedom Convoy in Ottawa. The Freedom Convoy has received worldwide support and millions of dollars were raised using Gofundme to help fund the protest. However, the crowdfunding...
Vulcan Forged Platform Suffers Security Breach, 96 Wallets Compromised
14.12.2021
Vulcan Forged, a gaming and NFT platform, suffered a security breach that allowed attackers to gain control of some cryptocurrency wallets of the service. The hackers got hold of 96 user wallets and managed to steal more than 4.5 million PYR, the native token of the project, among other assets....
Hacked AscendEX to Reimburse Users, Says 'Relatively Small Percentage' Impacted
13.12.2021
Crypto trading platform AscendEX, formerly known as BitMax, which was hacked for an estimated USD 78m worth of digital assets on Saturday, intends to "100%" reimburse all the affected users.
Updating users on the incident, the AscendEX team said that hackers compromised one of the exchange's...
Ascendex Hacked — Exchange Loses $77 Million in ERC20, BSC, Polygon Tokens
12.12.2021
Ascendex, a cryptocurrency exchange, suffered a security breach that allowed hackers to take control of some of the wallets of the exchange. The attack focused on hot wallets, where funds are kept as a buffer to tend to customers’ withdrawals. The company announced that it would reimburse...
Bitmart pledges to reimburse hack victims as crypto community voices support
11.12.2021
With cases of crypto-related exploits on the rise again, it appears that more can be done by platforms to bolster investor confidence
Voting on a Proposal to Reimburse Mt. Gox Victims Begins Today
31.5.2021
The proposal to reimburse Mt. Gox victims requires a majority vote from all creditors in order to pass
Spanish Travel Compensation Firm Signs Deal With Domestic Exchange to Reimburse Travelers With Cryptos
9.4.2021
Spanish travelers will soon be available to fill out claims for incidents related to airline delays, baggage losses, overbooking, among others, and be compensated with cryptocurrencies. The possibility is now a reality thanks to a partnership between a domestic crypto exchange and an airline...
Crypto Exchange 2gether Says It Can’t Fully Reimburse 9% of Users After 2020 Hack
27.1.2021
After a successful fundraising effort, the company said it can now reimburse most, but not all users
Spanish Crypto Exchange 2gether Won’t Reimburse All Stolen Funds From the 2020 Hack
27.1.2021
Spanish cryptocurrency exchange 2gether has announced that it won’t compensate users for the full amount of bitcoin (BTC) and ether (ETH) stolen in August 2020. The exchange said that almost 5,000 of its customers won’t receive their cryptos under the compensation plan. Company Asks...
Claims process begins for creditors of liquidated crypto exchange Cryptopia
9.12.2020
A claims process for Cryptopia creditors has started following a 2019 hack
ICO Aftermath: US Rules in Favour of SEC in $100M KIK Case – SALT to Reimburse Claimants From 2017 ICO
1.10.2020
A US court has ruled in favour of the US SEC after the regulator’s filing of a motion seeking summary judgment against Kik for violating the country securities laws. Kik, which raised $100 million from 2017 ICO, had filed its own motion of summary judgment but the court refused to grant this....
US Treasury warns crypto firms not to reimburse unknown ransomware victims
1.10.2020
Malware payouts from insurance companies pose a threat to U.S. national security