FTX filed for bankruptcy in November following the quick collapse of the exchange after a liquidity crisis and a failed bailout by Binance. Bankman-Fried stepped down as a CEO after the string of events. The founder of the exchange was accused of "fraud of epic proportions" and is facing criminal charges for defrauding investors. Additionally,…
Read more
FTX General Counsel Ryne Miller shared in a tweet later that the exchange is moving their digital assets to cold storage as the FTX to mitigate damage from unauthorized transactions. FTX and FTX US appear to be affected by a Trojan. The crypto disaster unfolded on twitter as FTX customers claimed that they received SMS…
Read more
Syedur Rahman, a partner at Rahman Ravelli, which is representing Fetch.ai, said: We need to dispel the myth that cryptoassets are anonymous. The reality is that with the right rules and applications they can be tracked, traced and recovered. Rahman said that Binance intends to comply with the order and it is already tracking down…
Read more
The beleaguered Japanese crypto exchange, Bitpoint, is beginning to reveal details of its recent compromise that occurred on July 12th of this month. It was originally reported that $32 million had disappeared from “Hot Wallets” at the exchange, but this figure has been reduced to $28 milliion. $19 million related to customer accounts, and $9…
Read more
The cryptocurrency thefts are no joke. All around the world, especially where the more prominent crypto exchanges are situated, hackers will do anything to gain access to hot crypto wallets. Binance recently suffered from a major hack that was worth around $40 million of crypto. Now, a new way to save "yourself" from hacking may…
Read more
Binance, one of the world's most prominent cryptocurrency exchanges has been hacked. Media reports announced that hackers have stoled $40 million from the exchange. The stolen amount is equal to 7,000 Bitcoins. Not only did the hackers steal the staggering amount of the "people's currency", but they also stole API tokens and two-factor authentication codes.…
Read more
Binance is one of the biggest cryptocurrency exchanges in the world. It just came under fire and doubts whether the Hong Kong-based exchange is being hacked. Binance is currently under halt in trading activities and said it won't resume trading or enable customer withdrawals until Friday due to a continued blackout that is essentially the result…
Read moreSan Francisco based bitcoin exchange and provider Kraken, the world’s largest global bitcoin exchange in euro volume and liquidity announced today it has received many reports lately of clients falling victim to phishing sites. The sites appear in ads above the organic search results, of all of the major search engines. Unfortunately, it seems to be…
Read more