In a major blow to WazirX users, the Supreme Court has dismissed a criminal writ petition filed by 54 individuals seeking action against the crypto exchange and its co-founder Nischal Shetty over last year’s massive $230 million (₹2,000 crore) crypto hack. The court made it clear that it isn’t the
Decentralized exchange KiloEx has been hit by a major security breach, leading to a loss of around $7.5 million. The team confirmed the exploit early on April 15 during Asian trading hours and has since suspended all platform activity to contain the damage. In a public update, KiloEx said they’re
As the crypto space is evolving, hackers finding new ways to steal users’ digital assets. Kaspersky Lab experts revealed that hackers are using counterfeit Android smartphones to steal cryptocurrency. According to cybersecurity firm Kaspersky, they have discovered thousands of malware-infected Android devices specially developed to steal users’ data and crypto.
The crypto market has seen increased price dips over the last 24 hours. The prolonging price consolidation is causing frustration, despite other sector advancements. Contrary to last year, the regulatory sector is gaining surging clarity and transparency in the past few weeks. Meanwhile, cryptocurrency scams remain unfettered as reports suggest.
Although the cryptocurrency market is establishing camp at the bearish end of the zone, it remains active. The past day’s highlight was the Solana ETF being listed on DTCC. Another notable factor was Bitcoin’s fall to $84K, which the community members are seeing as an opportunity to ‘buy the dip’.
The U.S. government confiscated about $31 million in cryptocurrency connected to the 2021 hack of Uranium Finance. This was a coordinated effort by the Southern District of New York (SDNY) and the San Diego Homeland Security Investigations (HSI). Uranium Finance, a decentralized exchange on the model of Uniswap but deployed
Crypto-focused neobank Infini has suffered a $49.5 million exploit, with the attacker swapping stolen funds for Ethereum before moving them to a separate wallet. The breach follows a string of major crypto security incidents, including Bybit’s $1.4 billion hack. How the Attack Unfolded CertiK first detected the suspicious activity on
Bybit, one of the leading cryptocurrency exchanges, had a calamitous hack last Friday, during which about 401,000 ETH worth $1.4 billion was stolen. This has become the largest recorded heist in history. Ben Zhou, Bybit co-founder and CEO confirmed that the breach happened due to an advanced attack that exploited
The crypto market has once again been swooned by WazirX’s latest update. The July 2024 hacked exchange is yet to set its fund recovery scheme into motion. Since the hack last year, the exchange has announced several steps and updates, but the lack of fund recovery has caused investors to
The recent decision by the Singapore High Court approving WazirX’s restructuring plan has sparked debate among the crypto community. After the devastating $234 million hack in July 2024 by North Korea’s Lazarus Group, the exchange now promises to return 75% to 80% of lost funds. While this appears to be
