In August 2016, the cryptocurrency exchange Bitfinex experienced one of the most significant hacks in the history of digital asset exchanges, resulting in the theft of around 120,000 Bitcoins (BTC). This cyberattack not only sent shockwaves through the cryptocurrency market but also raised pressing questions about the security protocols of exchanges and the protection of
editing
Recently, a US bankruptcy court granted FTX approval to proceed with a liquidation plan that would involve paying customer claims in cash. The plan, which is set to pay customers based on the cryptocurrency prices at the time of FTX’s collapse in November 2022, has sparked controversy among creditors. Despite objections from customers who believe
Kraken’s Chief Security Officer, Nick Percoco, recently disclosed that a group of white-hat hackers has refused to return approximately $3 million in digital assets stolen from the exchange’s treasury. The hackers exploited a bug in Kraken’s system that allowed them to artificially inflate their balances on the platform. On June 9, a security researcher alerted
Looking to earn money online through editing and proofreading? Discover effective methods and platforms in this article. Start your profitable online venture today!