The crypto space faced significant challenges in August 2021, with over $313 million in losses reported due to more than ten different hacking incidents. Shockingly, 93.5% of the stolen funds were a result of just two major phishing attacks during that period. These incidents, as highlighted by blockchain security firm PeckShield, cumulatively accounted for a
Editor
The recent $234 million hack on the crypto platform WazirX has prompted the company to enter an initial 30-day moratorium as of August 28. This decision, pending approval from Singapore’s High Court for an extension, comes in light of the challenges faced by the platform following the security breach. Rival platform CoinSwitch has announced its
The FBI has recently announced a groundbreaking decision to utilize Non-Fungible Tokens (NFTs) to return $1.14 million to victims of the CluCoin fraud scheme. This marks a significant departure from traditional methods of victim contact and restitution in cases of financial crime. By leveraging NFTs, the FBI aims to streamline the recovery process for victims
Bitcoin took a hit on Wednesday, dropping 2.5% to $59,100 following the news that the U.S. government had shifted more of its Silk Road-related Bitcoin holdings to Coinbase Prime. The on-chain analysis platform, Arkham Intelligence, highlighted the transfer by revealing that 10,000 BTC valued at $593 million had been moved. This move raises questions about
Recently, liquidators representing Three Arrows Capital (3AC) have taken legal action against TerraForm Labs, a bankrupt digital assets company co-founded by Do Kwon. The liquidators are alleging that TerraForm Labs engaged in market manipulation, specifically affecting the prices of Luna and TerraUSD. This alleged manipulation resulted in inflated prices for these tokens, which ultimately led
Celsius, a company that filed for bankruptcy two years ago, is now suing Tether for what they claim was the wrongful liquidation of over $800 million worth of BTC. According to the lawsuit filed in the US Bankruptcy Court for the Southern District of New York, Celsius alleges that Tether violated their contract by unfairly
The recent decision by United States District Judge Peter Castel to finalize a $12.7 billion settlement has sent shockwaves through the cryptocurrency community. This settlement obligates the bankrupt cryptocurrency exchange FTX and its sister company Alameda Research to compensate the former’s creditors. This decision is part of a settlement with the United States Commodity Futures
The Wanderers Open Beta has officially launched on the Epic Games Store, offering players a unique gaming experience that combines ever-changing, generated worlds with innovative deck-building mechanics. This new kind of game is not only fun but also strategic, challenging players to explore virtual worlds filled with enemies and obstacles to overcome. One of the
Getting started with OKX Racer is a breeze. To begin, users must first register on the OKX exchange. Once registration is complete, users can easily connect their account with OKX to unlock exciting features and rewards. The user-friendly interface of the OKX Racer mini-app allows newcomers to navigate the platform effortlessly and start predicting Bitcoin
In recent developments, the once-defunct cryptocurrency exchange Mt. Gox has begun repaying creditors impacted by the 2014 hack. This move has sparked interest and speculation within the crypto community, particularly regarding the potential impact on the market. Initially, there were concerns among crypto investors that the repayment of Bitcoin and Bitcoin Cash to Mt. Gox