With the approaching US elections, there have been some intriguing advancements in the digital assets sector. Amid new announcements, members have also witnessed security concerns being raised. Recently, on Wednesday, the Cosmos Hub’s systems were identified as having security vulnerabilities and recommended for an audit. Meanwhile, the DeFi platform, Radiant
Singapore-based cryptocurrency exchange BingX reported a hack in the Asian morning hours of September 20. H2 2024 has seen increasing reports of cryptocurrency hacks to various institutions. While WazirX remains the major scam narrative this year, other firms have also reported hacks. According to BingX Chief Product Officer Vivian Lin’s
Cryptocurrency’s active community has combated several scams since the very beginning. However, in the recent 9-month duration of 2024, a surge in crypto scams has been observed. The surge has occurred both in terms of the amount of funds lost and in the magnitude of the hacks. Recently, DeltaPrime DeFi
The WazirX exploit has been the talk of the community for the past two months. Having become the largest cryptocurrency hack in 2024, all eyes are set on the platform’s plans and actions for recovery. Meanwhile, the WazirX hack drew new attention in the market as exploiters made their first
Cryptocurrency scams persistent over the past decade, often resurface from previous years for several reasons. For instance, the recent Mt.Gox payment of funds caused a stir in the market. The recent sentencing of Sam Bankman-Fried for the FTX collapse is a similar example. In the last week, a particular investor
Crypto platforms’ vulnerability to scams has been the emphasis over the past few months, with the sector reporting several major incidents since H1 2024. The global crypto sector has taken measures to enhance security in the recent past amid rising scams. Notably, in the last 24 hours, on-chain analyst ZachXBT
The cryptocurrency sector has witnessed an increasing number of scams in the past few months. The recent WazirX hack caught market attention over the loss of its $230 million funds. Amid such various reports, the China-based OKX exchange announced a new measure to prevent hacker activity. Notably, OKX exchange’s CEO
Australian Defunct platform BitConnect’s former promoter was convicted on Friday at a District Court in Wales, Sydney. John Bigatton was found guilty of providing unlicensed financial advice during the span of August 2017 to January 2018. He is currently sentenced to a three years of ‘good behavior recognizance’ and a
The co-owner of MTI, Clayton Marks owns about 50% of the Mirror Trading Investment (MTI). He reluctantly repels and is defensive on the latest liquidation put upon MTI for their Bitcoin (BTC) scam. The MTI BTC Scam The Mirror Trading Investment (MTI) based in South Africa, is a cryptocurrency trading
