Thunder Terminal, an on-chain trading platform, recently experienced a security breach resulting in a significant loss of approximately $240,000. The breach occurred when a hacker gained unauthorized access to a MongoDB connection URL, allowing them to retrieve session tokens and execute withdrawals on behalf of users.Thunder Terminal took immediate action by revoking all session tokens […]
The team behind decentralized finance protocol KyberSwap has made the difficult decision to reduce its workforce by 50% following a major exploit that cost the company $48.8 million. CEO Victor Tran expressed his regret over the layoffs, stating that it was a heart-wrenching decision. However, the company plans to support the departing employees by creating […]
Changpeng Zhao, the former CEO of Binance, has experienced a significant increase in his personal wealth despite facing legal troubles. His net worth has climbed by an impressive $24 billion this year, securing him the 35th position on the Bloomberg Billionaires Index. Zhao’s career in the cryptocurrency industry began in 2013, and he played key […]
Telcoin, a decentralized finance platform (DeFi), has suffered a hack in its mobile wallet application, resulting in a loss of over $1 million in cryptocurrencies. The incident, which was first reported by security firm Peckshield, has raised concerns about the security of DeFi platforms.Fortunately, Telcoin has responded quickly to the attack, ensuring the security of […]
Several prominent figures in the cryptocurrency industry are currently facing criminal charges in the United States. These individuals, who were once considered titans of the industry, are now potentially facing years in federal prison.One of these individuals is Sam Bankman-Fried, the former CEO of crypto exchange FTX. He has been in jail since a judge […]
After a decade of insolvency, Mt. Gox cryptocurrency exchange creditors are finally receiving payments for their claims. Recent speculation on the mtgoxinsolvency Reddit page suggests that users affected by the infamous Mt. Gox hack in 2014 may be receiving Japanese yen-denominated repayments through PayPal. While these reports remain unconfirmed, several Reddit users claim to have […]
Judge Lewis Kaplan has rejected a request from SBF lawyers to delay the sentencing hearing for former FTX CEO, Sam Bankman-Fried. The request, made on December 20th, sought to adjourn the hearing by four to six weeks. If granted, this would have pushed back the presentencing interview and the sentencing hearing, both of which were […]
After a decade-long wait, creditors of the Mt. Gox Bitcoin exchange are finally receiving repayments for their locked-up funds. Recent reports suggest that Mt. Gox has started distributing Japanese Yen refunds through PayPal. This comes after the exchange hinted at making Bitcoin payouts by the end of 2023.Mt. Gox’s collapse in 2014, resulting in the […]
Satoshi, the inventor of Bitcoin, expresses his despair and wishes he had never been born due to the backlash and criticism he faces. An angel investor overhears this and proposes an intriguing idea. Suddenly, the world around them changes, and Satoshi realizes that he no longer exists. His portfolio is empty, cryptocurrencies like Ethereum and […]
French cryptocurrency wallet company Ledger recently experienced a cyber attack in which its Connect Kit was compromised. The attackers injected a drainer code into the kit, allowing them to drain wallets connected to decentralized applications (dApps). Ledger took immediate action to contain the attack and enhance its security measures, including partnering with Tether to freeze […]
