Sat, November 23

What Happened To dYdX This Week: A Quick Recap

The dreadful hack of July that shook the entire crypto community was WazirX’s $230 million attack. Besides this, there was a minor breach staged. On July 23, dYdX, an Ethereum decentralized exchange (DEX), encountered a DNS hijack. What actually happened? How quickly did the platform recover? Who was affected, and

July 26, 2024 2 mins read

Bybit Achieves Remarkable Growth, Climbs to Second Place in Global Derivatives Market

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, revealed today that it has risen to second place in the derivatives market, according to the most recent CoinMarketCap data, cementing its position as the world’s second-largest crypto exchange by trading volume. This noteworthy accomplishment highlights Bybit’s dedication to provide its

July 26, 2024 2 mins read

WazirX Founder Discloses Recovery Plan Amid the Uncertainty 

WazirX founder Nischal Shetty has planned the recovery of the stolen assets. He revealed the initial details of the stolen crypto funds and clarified that no security breach occurred before July 18, as misinformation was out about WazirX, and that a few wallets hacked, eight days before the hack.  Nischal

July 25, 2024 2 mins read

dYdX V3 Website Recovers from DNS Hijack Attack

Decentralized finance (DeFi) crypto exchange dYdX restored its version 3.0 website after a DNS hijacking attempt on July 23. The team restored the website three hours after announcing the compromise. https://t.co/Ym1dFLLOwx website has been recovered by dYdX Trading Inc. 🙏 Please note that your machine may still be caching the

July 24, 2024 2 mins read

CITI Upgrades Coinbase Shares to Buy Rating Amid Positive Regulatory Shifts

With CITI’s “buy” recommendation for Coinbase shares, the prominent cryptocurrency exchange has attracted a lot of interest from investors. The timing of this event, just before the exchange’s expected Q2 results report in early August, has sparked speculation as to why the market is so bullish. Coinbase’s rating has been

July 23, 2024 2 mins read

Bybit Crypto Livestream to Explore Hot Trends and Offer Prize Rewards

The world’s second-largest cryptocurrency exchange by trading volume, Bybit, is hosting a livestream event called “Crypto Games 2024: What’s Hot, What’s Not in Crypto.” Crypto aficionados are invited to join in on the fun! On July 23 at 8am UTC, 4pm SGT, and 12pm Dubai Time, the livestream will delve into

July 22, 2024 2 mins read

HKX Withdraws Licensing Application in Hong Kong, Announces Closure

The number of crypto exchanges that have withdrawn their licensing applications from the Hong Kong Securities and Futures Commission (SFC) is increasing, and HKX is the latest addition to that list. Existing customers were advised to withdraw their crypto assets by the HKX management team on July 18, who announced

July 22, 2024 2 mins read

BitForex Approved to Reopen Withdrawals After 5-Month Suspension

After a five-month suspension, triggered by a significant investigation, cryptocurrency exchange BitForex has announced it will soon allow users to withdraw their assets. This decision follows the detention of the BitForex team by Jiangsu Province authorities in China on February 23rd, which led to a halt in operations and concerns

July 20, 2024 2 mins read

Bybit Launches Revolutionary $3M USDT Subaccount Summer Gold Challenge

Subaccount, an industry-first mechanism that enables users to take part in numerous campaigns at once, is the new competition mechanism that Bybit, the second-largest cryptocurrency exchange in the world based on trading volume, is launching this summer. The inaugural trading competition event using this new standard is the Subaccount Summer Gold

July 18, 2024 2 mins read

Indian Exchange WazirX Faces Massive Hack With $230M Stolen

Web3 security firm Cyvers has detected multiple suspicious transactions involving prominent Indian exchange WazirX’s Safe Multisig wallet on Ethereum. According to an X post, it is believed that $234.9 million of funds in the Multisig have been moved to a new address. Each transaction’s caller was funded by Tornado Cash,

July 18, 2024 2 mins read