Justin Sun’s cryptocurrency exchange, Poloniex, has identified the hackers responsible for a recent hack that resulted in the loss of $120 million. The exchange has offered the hackers a $10 million reward if they return the stolen funds by November 25th. Justin Sun, the majority shareholder in Poloniex, confirmed the identification of the hackers and […]
A hacker managed to steal $25 million from Kronos Research, a quantitative trading firm, by gaining access to its compromised API keys. The unauthorized entity used the stolen keys to make six transactions, totaling 2,780 Ether, from a Kronos Research account to various addresses owned by the hacker. Upon discovering the breach, Kronos Research immediately […]
Kronos Research, a market maker, trading firm, and venture capital fund based in Taipei, recently experienced a security breach that resulted in the unauthorized access to its API keys. As a result, the company lost a significant amount of crypto funds and has temporarily halted all trading operations to conduct a thorough investigation. The breach […]
Decentralized crypto exchange dYdX has implemented new measures to address trading-related risks after losing $9 million from its insurance fund. The exchange has increased margin requirements on certain less liquid markets, affecting tokens such as Eos, 0x Protocol, Aave, Algorand, Internet Computer, Monero, Tezos, Zcash, SushiSwap, THORChain, Synthetix, Enjin, 1inch Network, Celo, Yearn.finance, and Uma. […]
In a surprising turn of events, Dasset, a well-established cryptocurrency exchange based in New Zealand, has announced that it is entering into liquidation. This decision comes as a blow to the exchange’s customers, who are currently unable to access their funds. Reports indicate that some customers have been experiencing difficulties withdrawing their funds for several […]
Poloniex, a cryptocurrency exchange, has identified the hacker responsible for stealing $120 million and is offering a $10 million reward for the return of the funds. The majority shareholder of Poloniex, Justin Sun, sent messages on the Ethereum network to the hacker’s addresses, warning them to return the stolen funds or face legal action. The […]
On November 17, decentralized exchange dYdX experienced a significant loss of $9 million in user liquidations. The founder of dYdX, Antonio Juliano, believes that this was a targeted attack against the exchange. The incident occurred in the midst of a 43% decline in the Yearn.Finance (YFI) token, which raised concerns about a potential exit scam. […]
The Consumer Financial Protection Bureau (CFPB) has ordered Citibank to pay over a million dollars to potential customers who were treated unfairly. According to the CFPB, Citibank violated the Equal Credit Opportunity Act by denying services to people based on their heritage. Specifically, the bank discriminated against Armenian Americans between 2015 and 2021 when denying […]
The Consumer Financial Protection Bureau (CFPB) has ordered Citibank, a major financial institution, to pay over a million dollars to potential customers who were racially profiled and treated unfairly. According to the CFPB, Citibank violated the Equal Credit Opportunity Act by denying services to a specific group of people based on their heritage. Specifically, the […]
United States Senator Elizabeth Warren has raised concerns about the increasing number of cryptocurrency scams targeting senior citizens. During a Senate hearing, Warren highlighted a 350% rise in crypto investment scams aimed at elderly Americans, resulting in over $1 billion in losses. Cybersecurity expert Steve Weisman supported Warren’s proposed legislation on digital assets, emphasizing the […]
