Mt. Gox, the now-insolvent Bitcoin exchange, has made headlines by transferring 11,833.6 BTC, worth about $931 million, to new wallets, raising concerns within the crypto community. According to blockchain research, this move includes two major transactions: one sending over 11,500 BTC to an unknown wallet and another transferring 332 BTC to a hot wallet. Historically, ...
Bybit, a major cryptocurrency exchange, has experienced a massive hack worth $1.5 billion, making it the largest theft in crypto history. The hackers targeted Bybit’s cold wallet, which is supposed to be secure. Most of the stolen funds, predominantly in ether, were quickly moved and sold on various platforms. CEO Ben Zhou assured users that ...
zkLend, a decentralized money-lending platform on Starknet, experienced a security breach where hackers exploited a smart contract flaw, stealing 3,600 Ethereum valued at approximately $9.5 million. The attack, which occurred recently, was caused by a rounding error in the platform’s mint function. Despite attempts to launder the stolen funds through the RailGun protocol, hackers were ...
Phemex, a cryptocurrency exchange, experienced a significant security breach, resulting in the theft of over $85 million in cryptocurrency. The attack led the exchange to immediately suspend deposits and withdrawals while ensuring that cold wallets remained secure. Phemex’s CEO, Federico Variola, confirmed they detected unusual activity in their hot wallet on January 23. The stolen ...
Phemex, a cryptocurrency exchange, faced a severe security breach on January 23, where over $85 million in crypto was stolen. The exchange quickly suspended deposits and withdrawals and assured users that cold wallets were safe while only hot wallets were affected. Phemex’s CEO, Federico Variola, stated that they acted promptly to isolate the problem and ...
Cryptocurrency platform Phemex, based in Singapore, recently suffered a cyberattack that resulted in the theft of approximately $69 million. Following the breach, CEO Federico Variola announced that operations had been paused while the team began restoring withdrawals, implementing manual reviews for all requests. Security firm PeckShield reported the incident, noting a suspicious outflow of funds. ...
A Brazilian citizen, Junior Barros De Oliveira, has been charged in the U.S. for threatening to disclose data stolen from a company during a security breach in March 2020. In the incident, he accessed the systems of a Brazilian subsidiary of a New Jersey company, stealing sensitive information related to over 300,000 customers. By September ...
