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Over $356M Lost to Hacks, Phishing Scams and Rug Pulls in Crypto in November: Beosin
1.12.2023
Source: Pixabay Beosin EagleEye’s latest report exposes a massive surge in blockchain security incidents during November 2023, leading to a staggering total loss of over $356 million. This marked an alarming 6.9-fold increase compared to the losses reported in October. Hacker Attacks Resulted...
Immunefi’s November Crypto Losses Show $343M Lost to Frauds and Hacks, CeFi Platforms Account for 53% Losses
30.11.2023
Source: AdobeStock In November, the cryptocurrency industry experienced significant losses, with bug bounty platform Immunefi reporting that over $343 million was lost to platform hacks and fraudulent activities. This marks the highest monthly loss recorded in the emerging industry for 2023....
Hacker Seeks Civility in $47 Million Kyberswap Heist, Demands Friendly Negotiations
30.11.2023
In the wake of Kyberswap, a decentralized exchange (dex) platform, suffering a $47 million loss due to a cyberattack, the perpetrator indicated a readiness to engage in negotiations. Yet, despite expressing an openness to resolution, the hacker lamented encountering primarily “received (mostly)...
Poloniex to Resume Withdrawals Starting With TRX After $100M Hack
29.11.2023
Poloniex is resuming operations following a recent hack of exchange hot wallets. Image by Rafael Henrique, Adobe Stock. Cryptocurrency exchange Poloniex announced today that it will begin gradually resuming withdrawal and deposit services starting November 30. This comes after the platform suffered...
Cardano Price Prediction as ADA Drops Below $0.38 – Is a Rebound on the Horizon?
28.11.2023
Source: Bing Image Creator The Cardano price has dipped by 1.5% in the past 24 hours, dropping to $0.374679 on a day when the market as a whole has suffered a 1% loss. ADA is now down by 2% in a week, but remains up by 3.5% in the past fortnight and by 27.5% in […]
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Solana Price Prediction as 70% Gains in 30 Days Outpaces Competitors – Can SOL Keep Its Momentum?
28.11.2023
Source: Bing Image Creator The Solana price has dipped by 1% in the past 24 hours, falling to $55.47 in a move that also represents a 1% loss in a week. Yet SOL remains up by an impressive 71% in the last 30 days, with the altcoin also recording a 450% increase since January 1. […]
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dYdX and TRON Investors Shifting Attention to Rising Meme Coin Project, Rebel Satoshi
26.11.2023
TLDR dYdX has introduced new features to curb trading in illiquid markets Tron (TRX) is struggling to stay above $0.1 despite its recent popularity. Rebel Satoshi is preparing to launch a game-changing meme coin ecosystem that will allow players to stake NFTs. dYdX plans to recover from its recent...
Tron’s Justin Sun Announces ‘Epic Airdrop’ in Wake of HTX, Heco, and Poloniex Hacks
26.11.2023
In the aftermath of September’s HTX breach, along with the subsequent attacks on Poloniex and Heco Bridge in November, HTX faced yet another security breach on November 23, resulting in a loss of $30 million. HTX announced its commitment to “fully compensate” for the financial...
Heco Bridge Breach Drains $86 Million — Justin Sun’s HTX-Linked Venture Faces Major Security Setback
22.11.2023
Numerous sources have reported that the Heco Bridge, a cross-chain conduit linking Ethereum with the Heco blockchain, has suffered a security breach, resulting in a loss of $86 million. Subsequent to the heist, the stolen funds were redirected to various decentralized exchange (dex) platforms....
Mt. Gox Creditors to Receive Repayments Soon, Trustee Plans Distribution of BTC, BCH, and Yen
22.11.2023
Source: AdobeStock / 24K-Production Nobuaki Kobayashi, the trustee overseeing the Mt. Gox Bitcoin exchange’s estate, has initiated communication with rehabilitation creditors, indicating the imminent start of repayments. This development follows the notorious 2014 hack that resulted in...
Shiba Inu Price Prediction as Technical Analysis Shows Downward Trend Since August 2022 – Is a Breakout Possible?
22.11.2023
The Shiba Inu price has dropped by 5% in the past 24 hours, with its fall to $0.00000794 coming as the cryptocurrency market as a whole suffers a 2% loss today. SHIB is now down by 6% in the past week, and while it remains up by 10% in the last 30 days, it has […]
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Fantom Foundation awards $1.7M bounty for preventing $170M drain
21.11.2023
In the aftermath of Fantom’s $550,000 hack in October, a security researcher found that the attacker could have stolen as much as $170 million
Taiwanese Crypto Trading Firm Suspends Operations Following $26 Million Hack
20.11.2023
Source: Pixabay / Pete Linforth Taipei-based trading platform, Kronos Research has suffered a cybersecurity breach, leading to a staggering $26 million loss in crypto assets. The hack was first reported by crypto on-chain sleuth ZachXBT, mapping out the fund outflow and confirming its magnitude....
Report: Jump Trading Cuts Ties With Wormhole Amid Staff Reductions
19.11.2023
Based on a recent report, Jump Trading Group, known for its focus on algorithmic and high-frequency trading techniques, has reportedly severed ties with the Wormhole crypto initiative, known for its cross-chain communication services. Last year saw Wormhole suffer a significant loss of 120,000...
What You Need to Know About Crypto Tax Loss Harvesting
17.11.2023
Today in Crypto: 46.5% of Web3 Fund Loss is Result of Traditional Web2 Security Issues, Investment in Blockchain Gaming Hits $1.5 Billion in 2023
15.11.2023
Source: AdobeStock / AhmadSoleh Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Security news While developers and researchers generally focus on designing and coding the smart contract protocol...
XRP Price Prediction as Delaware refers Fake BlackRock XRP Trust Filing to Department of Justice – Will XRP Crash Soon?
15.11.2023
The XRP price has dipped by 1.5% in the past 24 hours, although the altcoin has regained 1% in the past hour, as it looks to recover from the market impact of the recent fake XRP trust filing. At $0.638708, XRP has also fallen by 8% in the past week, a loss which reduces its […]
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Bitcoin Miner Hut 8 Q3 Net Loss More Than Doubles as Production Slumps
14.11.2023
The firm said it mined fewer coins due to a higher network difficulty, operational issues and the suspension of some operations
Ethereum Price Prediction as Bulls Hold $2,000 Level – Where is ETH Heading Next?
14.11.2023
The Ethereum price has dipped by nearly 0.5% in the past 24 hours, with the altcoin holding to the $2,051 level as the cryptocurrency market as a whole falls by 1% today. Despite this loss, ETH remains up by 8.5% in a week and by 31% in the last 30 months, as ETF-related enthusiasm carries...
XRP Futures Traders Nurse $7M Loss as BlackRock ETF Rumor Causes Wild Price Swings
14.11.2023
Prices jumped to 73 cents from 65 cents in a 25-minute period following a viral tweet that suggested financial behemoth BlackRock had filed for an XRP ETF in the U.S