On November 23, an unidentified hacker stole over $45 million from the decentralized exchange KyberSwap. The breach affected multiple cross-chain deployments of KyberSwap, including Arbitrum, Optimism, and Ethereum, with funds stolen primarily consisting of Ether, Wrapped Ether, and USDC. Following the incident, Kyber Network advised users to withdraw their funds as a precaution. The hack […]
KyberSwap, a decentralized exchange (DEX) in the world of decentralized finance (DeFi), has fallen victim to hackers. The DEX was exploited across multiple chains, resulting in a loss of approximately $50 million. This incident comes as a surprise, as KyberSwap had managed to avoid previous attacks while other protocols were targeted. The hack was first […]
Kraken co-founder Jesse Powell has expressed his support for the investigation into Binance and its former CEO Changpeng Zhao (CZ) by US government agencies. Powell believes that targeting offshore offenders like Binance is crucial, as US-based crypto businesses are easier targets. He emphasizes the need for self-policing within the industry to improve its reputation and […]
In a recent incident in the world of decentralized finance (DeFi), KyberSwap Elastic, a decentralized exchange (DEX) under Kyber Network, fell victim to a security breach, resulting in the loss of approximately $46 million in various cryptocurrencies. The Kyber Network team acted swiftly, notifying users through a Twitter post and advising them to withdraw their […]
United States government prosecutors are seeking to prevent former Binance CEO Changpeng Zhao, also known as CZ, from leaving the country due to concerns about his potential flight risk. They have requested a review and reversal of a judge’s decision that would allow Zhao to return to his home in the United Arab Emirates (UAE) […]
Around $46 million worth of crypto assets has been stolen from the decentralized KyberSwap exchange in a recent exploit. The Kyber Network team alerted users to a security incident and advised them to withdraw their funds as a precaution. The attack impacted various wallets and involved multiple chains, including Arbitrum, Optimism, Ethereum, Polygon, and Base. […]
The U.S. Treasury has announced that the resolution reached with Binance, a cryptocurrency exchange, is the largest settlement in the history of the Financial Crimes Enforcement Network (FinCEN). The settlement amounts to a staggering $3.4 billion. Additionally, the Office of Foreign Assets Control (OFAC) has imposed a fine of $968 million on Binance, which is […]
HTX, formerly known as Huobi Global, has suffered a significant loss of $13.6 million in a recent exploit on the HECO Chain bridge. The exploit, which occurred on November 22, resulted in the compromise of three hot wallets, leading to the swapping of user and exchange assets for Ether. The stolen funds were then distributed […]
In a shocking development, the HECO Chain ecosystem has fallen victim to a major security breach, resulting in the unauthorized transfer of over $86.6 million in digital assets. Tron founder Justin Sun has taken immediate action, pledging full compensation for affected users and temporarily halting deposits and withdrawals while a thorough investigation takes place. This […]
Crypto entrepreneur Justin Sun has confirmed that two platforms linked to him, the HTX exchange and Heco bridge, have been targeted in a hacker attack. The attack resulted in a loss of over $100 million. The Heco bridge was drained of $87 million, with the stolen assets including various cryptocurrencies such as TUSD stablecoin, Chainlink’s […]
