Cryptocurrency Analysis and News Portal
A tranche of long-dormant Bitcoin seized in the 2016 hack of the Bitfinex cryptocurrency exchange are on the move today, an over $620 million sum that has some market participants spooked and may be contributing to a downward slide for Bitcoin. Blockchain analytics bot Whale Alerts was the first to raise
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Following an alleged December breach, the trading platform now says it will close and repay users any remaining funds. Source
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Origin is relaunching its yield-generating stablecoin following a November attack that drained OUSD holders of $7 million.Starting now, users can once again exchange USDC, USDT and DAI for OUSD.As CryptoX reported in September, the smart contract powering OUSD was not yet audited. OUSD allowed users to deposit the most popular
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The decentralized finance (DeFi) space was rocked last morning by news that Nexus Mutual founder Hugh Karp was
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Back in 2016, 119,756 Bitcoin were stolen from the Bitfinex crypto exchange. Some of these coins have continued to move between wallets over the years, including as recently as Monday.Blockchain data shows that an unknown crypto user has moved 270.97974 Bitcoin (BTC) from a wallet associated with the hack. The
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Popular decentralized finance protocol Pickle Finance was hacked on Saturday, draining $19.7 million in DAI, a decentralized stablecoin pegged to the U.S. dollar, from a Pickle wallet.Pickle came on the scene Sept. 11 as one of many food-themed DeFi projects. The fully automated system rewards users with interest payments and
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The latest face-saving communique from Seychelles-domiciled crypto exchange KuCoin – hacked almost two months ago for over $280 million – is that 84% of the affected assets have been recovered. Some victims will be glad the situation seems to be moving towards resolution. Others, not so much.Leaving aside the conspiracy theories,
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KuCoin cryptocurrency exchange has recovered the majority of funds lost in a $280 million hacking incident in September, a senior executive has said.Johnny Lyu, co-founder and CEO of KuCoin, announced on Nov. 11 that the exchange has now recovered 84% of stolen assets. Lyu said that the recovery process involved
Read MoreThe New York Department of Financial Services, or NYDFS, has released a lengthy report analyzing the impact of July’s high-profile Twitter hack, which resulted in the theft of over $118,000 worth of Bitcoin (BTC). Far beyond the immediate material impact, the NYDFS states that the incident exposed deep cybersecurity weaknesses of a publicly-traded
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July’s Twitter hack and ensuing bitcoin scam should impel corporates and even governments into more forcefully counteracting the “weaponization” of social media giants, New York State Department of Financial Services said Wednesday.“The Twitter Hack demonstrates, more than anything, the risk to society when systemically important institutions are left to regulate
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