Huobi Global’s crypto exchange HTX has confirmed the return of the funds stolen by a hacker in late September and issued a 250 Ether ETH bounty after resolving the issue. The hacker had drained 5,000 ETH worth roughly $8 million from one of HTX’s hot wallets. HTX offered to pay a 5% bounty worth around […]
In a surprising turn of events, the hacker responsible for stealing a large sum of Ethereum from HTX Global, formerly Huobi, has refunded the entire stolen amount for the white-hat bounty offered by the exchange. The breach occurred on Sept. 25, with the hacker stealing a total of 4,997 Ether (ETH) — valued at approximately […]
The Hong Kong government has formed a task force to monitor and investigate illegal activities related to virtual asset trading platforms. This move follows the JPEX crypto exchange scandal last month, which resulted in multiple arrests and the platform shutting down services. It is alleged that JPEX defrauded investors out of $204 million.The task force […]
The SHIB community recently fell victim to a crypto scam attack on their official telegram account. Cybercriminals seized the SHIB telegram account for hours, impersonating the community’s admin and sending fake BONE airdrops through click baits on the channel to steal member’s personal information and crypto assets. Prominent Shiba Inu team member, Ragnar Shiba, took […]
FriendTech, a rapidly growing crypto-social platform, has recently been the target of a security breach. A scammer was able to steal $385K in Ethereum from four FriendTech users within 24 hours by using the SIM-swapping method. This technique allows criminals to take control of a user’s phone number and access their online accounts. The surge […]
Adam Yedidia, a former FTX developer, recently resigned after discovering that Alameda Research had used FTX customer funds to settle debts. A software bug in FTX’s system had miscalculated Alameda’s debt, leading to a $16 billion misrepresentation. The incident has raised serious questions about the transparency and financial integrity of the crypto sphere. Yedidia revealed […]
A major security breach has occurred in the Avalanche-based social app Stars Arena, resulting in the theft of nearly $2.9 million in AVAX tokens. The attack was announced by the team behind Stars Arena on Saturday, and was estimated by blockchain security resource PeckShield to be close to $3 million in AVAX tokens. DeFiLlama data […]
ACCERX, a leading cryptocurrency trading platform, recently announced a significant upgrade to its security protection system. This upgrade covers various aspects of technology, products, and services, and has been welcomed by a wide range of users. The platform has adopted innovative technologies and safety measures to cope with the ever-growing security threats, such as an […]
Sam Bankman-Fried (SBF) is on trial for fraud, with Gary Wang, co-founder of FTX, providing testimony. Wang revealed that Alameda Research, an associated company of SBF, had a “large line of credit” and was able to trade more than it had in its account. This was done with a code attached to the FTX wallet […]
The highly anticipated trial of disgraced FTX founder Sam Bankman-Fried (SBF) has not gone well for the former billionaire. The U.S. Department of Justice (DOJ) is leading the prosecution, portraying Bankman-Fried as a central player in a fraudulent scheme. Key testimonies, especially those from FTX’s current leadership, have proven particularly damaging.Gary Wang, FTX co-founder, confessed […]
