A DeFi platform on the BTC Network, Alex Protocol, has introduced a Treasury Grant Program to reimburse users impacted by the latest hack that led to more than $8 million in losses. On June 8, the platform’s announcement mentioned that the program will offer financial backing via a combination of
Cetus Protocol is planning to go open-source after its latest relaunch on June 8. The Sui-native decentralized exchange had to relaunch as it recently went through a massive $220 million exploit last month. A hacker attacked the pricing mechanism flaw to extract tokens from the prominent liquidity pools on May
One of the masterminds behind crypto kidnapping in France has been reportedly arrested in Morocco. The national police and intelligence service of Morocco arrested a 24-year-old accused named Badiss Mohamed Amide Bajjou. The accused was found in possession of various bladed weapons and mobile phones. The arrest was initiated on
A Miami resident involved in cryptocurrency has been arrested for his role in the three-week kidnapping and torture of an Italian tourist in a luxury Manhattan apartment. Many similar crypto criminal cases have been unveiled, which raises concerns over crypto holders’ security. Growing Concern About Security As Crypto-Related Violence Increases
Festo Ivaibi, the founder of a pivotal educational hub for Africans, Mitroplus Labs, has become a crypto figure to lost his capital to criminal gangs and has been abducted. The gang demanded a capital worth $500,000 with access to the crypto wallet of the founder. They posed as Ugandan security
After a significant rise in crypto-related kidnappings in France, the government has decided to enhance the security measures for Crypto entrepreneurs and their families, as per Politico. As per the report of the American media firm released on May 16, the measures will prioritise access to police emergency lines, home
A mid-week slump has taken place in the crypto sector after the previous day’s grave incident. A daunting silence, not novel to the community, hangs over its X space and other sub-sectors. Prices have been working towards a recovery but not enough to grab a spotlight. Meanwhile, the CFTC has
With the crypto industry upgrading and constantly developing itself upon its blockchain technologies, the same are extensively used for ethical hacking and attacks upon the industry. In spite of this, in the latest trend, attackers are now using Argo Workflows, the most widely used engine for Kubernetes (K8) to perform,
