Recently, WazirX conducted a preliminary investigation into a sophisticated cyber attack on its multi-signature Ethereum wallet. The attack raised concerns within the crypto community, as it targeted the exchange’s signers and a custody service provider, Liminal. The investigation revealed that compromised hardware wallets were likely the cause of the breach, contradicting the initial belief that
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India-based centralized exchange WazirX recently experienced a significant exploit that resulted in the loss of nearly half of its assets, totaling over $230 million in user assets. Co-founder Nischal Shetty took to social media on July 23 to inform users about the breach and reassure them that the exchange is actively seeking partnerships to restore
The United States House of Representatives recently made a significant move by unanimously passing the Financial Technology Protection Act. The bill, introduced by Representative Zach Nunn in April 2023, aims to combat the use of digital platforms for illicit activities and terrorism financing. This legislation was approved on July 22, 2024, highlighting the government’s commitment
The recent acquisition of KnownOrigin by eBay has caused a significant stir in the digital art marketplace, leading to the abrupt closure of the company after just two years of operation. The company cited shifts in the NFT market as the primary reason for its closure, raising concerns about the longevity and safety of digital
MPC wallet provider Liminal recently stated that its infrastructure was not compromised during the hack of India-based crypto exchange WazirX. The firm released a detailed post-mortem report on July 19, attributing the breach to compromised devices within WazirX’s network. Liminal clarified in the report that its user interface (UI) was not responsible for the attack.
Planetarium Labs is set to launch Immortal Rising 2, the much-anticipated follow-up to the popular Immortal Rising franchise. This new game will be built on the Immutable platform, offering early access and exclusive in-game rewards to attract players as excitement builds for the official launch. Immortal Rising 2 aims to build on the success of
In a recent statement, Ethereum co-founder Vitalik Buterin cautioned against solely backing political candidates based on their pro-cryptocurrency views. While acknowledging the significance of support for the crypto industry, Buterin emphasized the importance of broader values such as individual freedoms and technological progress. By focusing solely on cryptocurrency advocacy, Buterin argued that the fundamental principles
The Basel Committee on Banking Supervision has recently introduced a new disclosure framework for banks’ crypto exposures, with targeted amendments to its cryptoasset standards. These changes are set to be implemented by January 1, 2026, with the aim of tightening criteria for certain stablecoins to receive preferential regulatory treatment. This initiative, developed over the course
The German government recently made headlines by selling off its entire Bitcoin holdings in just two weeks. This massive Bitcoin dump was attributed to the need to raise funds for criminal proceedings related to the seizure of digital assets from the infamous movie piracy website, movie2k. The government disclosed that the sale proceeds amounted to
Recently, a blockchain security firm called Cyvers Alert made a shocking revelation about the Indian exchange WazirX. According to the report, WazirX was exploited for approximately $235 million in a series of suspicious transactions involving their Safe Multisig wallet on the ETH network. The total amount of $234.9 million was transferred to a new address,