Cryptocurrency News
Kyberswap, a decentralized exchange operating within the Kyber Network, fell victim to a substantial security breach on November 23. The aftermath saw the loss of around $46 million in various crypto assets, impacting multiple networks, including Orbitrum, Ethereum, and Polygon. 🚨Urgent🚨 Dear KyberSwap Elastic Users,We regret to inform you that […]
Experiencing a cryptocurrency wallet hack can be a distressing situation, but taking swift action is crucial to limit potential losses and regain control of your funds. Here are the first steps users should take in the event of a hack: Isolate the Compromised Device: If you suspect your wallet has […]
Cryptocurrency security is a top priority for users, but hackers are continually devising new and unexpected methods to gain unauthorized access to wallets. Here are five lesser-known ways users inadvertently expose their cryptocurrency wallets to hackers: Public Wi-Fi Vulnerabilities: Many users access their cryptocurrency wallets using public Wi-Fi networks without […]
Decentralized finance (DeFi) is a rapidly growing sector that offers users unprecedented access to financial services without the need for intermediaries. However, this newfound freedom comes with a cost: DeFi protocols are increasingly being targeted by hackers. In 2022 alone, DeFi hacks accounted for over $3 billion in losses. Some […]
Ethereum once again proves it’s the leading cryptocurrency for DeFi, NFT, and smart contracts amid a Solana network attack that saw over half a billion in assets drained from private wallets. Ethereum price is currently trading at $1,656, up over 5% in the past 24 hours and up over 12% […]
Despite ongoing growth in the DeFi industry, security concerns remain in place today. Balancer, a project gained traction last week, has gone through a security incident over the weekend. Balancer is one of the DeFi projects gaining a lot of attention lately. A Major Security Incident for Balancer This is […]
Over the years, there have been multiple cryptocurrency hacks and thefts. Some of these ventures have been resolved successfully, whereas others go dormant and suddenly note follow-up activity. The year is 2016 when cryptocurrency exchange gets hacked. Illicit Bitfinex Funds Find a new Home During this incident, the company notes […]
It is evident that the Defi industry remains in the very early stages of development. Following a recent attack affecting dForce, the overall sentiment toward this industry may not necessarily change. There are many different options to explore in the world of decentralized finance, or DeFi. Latest DeFi Hack Raises […]
The IOTA network remains in an awkward state after the recent security incident. Despite seemingly finding the flaw, the network still hasn’t moved all that much. It is important to nip any security threat in the bud as quickly as possible. The IOTA Network Issues Remain in Place In the […]
Centralized cryptocurrency exchanges are a growing problem in the industry. Especially when they either disappear for a while without warning or suspend withdrawals out of the blue. In the case of ACX, an Australian exchange, customers are genuinely concerned. ACX Is Auditing Internal Funds That is only normal, as no […]
Data breaches are almost a daily occurrence in this modern day and age. Even the UN falls victims to such hacks, albeit they don’t always inform the victims right away. During the summer of 2019, the UN fell victim to a large-scale hacking attempt. Major UN Hack Raises Numerous Questions […]
Data breaches have become a very common occurrence. The latest development in this space exposes personal information of over 30,000 cannabis users across the US. It is only the latest data breach in a growing list. A Serious Problem for American Cannabis Users Customers from multiple US marijuana dispensaries are […]
Over the past 11 years, numerous cryptocurrency exchanges have been hacked. The total amount of funds stolen because of these incidents has become astronomical. Even in 2019, that trend is not slowing down. VinDAX, a Vietnamese trading platform, has fallen victim to a cyber attack. VinDAX Confirms the Theft of […]
Any cryptocurrency network and its underpinning code are subject to malicious intervention. This is especially true when it comes to smart contracts. Numerous projects offer this functionality, which exposes all of them to potential hacks and theft. For one EOS-based gambling dApp, a recent exploit cost them over 30,000 EOS […]
For quite some time now, there have been persistent rumors regarding Tor being deanonymized. Although it is a known fact the NSA is capable of doing so, albeit it remains to be seen if they will explore that option. Russia’s FSB, however, is effectively working on such a project with […]
The year 2019 will not go down in the cryptocurrency history books as the most secure year for trading platforms. Numerous companies have already been hacked this year, and it now seems BitPoint can be added to this growing list. The Japanese trading platform has been compromised and funds have […]
While the cryptocurrency prices are swinging in all directions these days, some things will never change in this industry. Exchanges are still being targeted by hackers and criminals, with some efforts being more successful than others. Bitrue, the trading platform, has lost several million in ADA and XRP this week. […]
There is never a shortage of controversy in the cryptocurrency world. Following its hack earlier this year, there have been a lot of questions regarding Cryptopia and how things would move on from there. So far, it seems little to no real progress has been made, and things are even […]