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CoinEx hot wallets drained of $27.8m worth of crypto in ‘security incident’

CoinEx, the Hong Kong-based cryptocurrency exchange, has become the subject of what it called a ‘security incident,’ with multiple suspicious transactions stemming from the platform’s Ethereum hot wallet. According to Cyvers Alerts, a hot wallet linked to the exchange continues to be drained of its contents. More than 27.8 million in losses Prior

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Binance to reimburse users $1M for Cyber Earn incident

Crypto exchange Binance is refunding users 1 million Tether ($1 million) over its handling of the CyberConnect (CYBER) token incident.As narrated by the exchange on Sept. 7, a price discrepancy on listed CYBER tokens occurred the week prior due to a liquidity crunch constricting CYBER cross-chain bridges on Korean cryptocurrency

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Connext founder proposes ‘Sovereign Bridged Token’ standard after Multichain incident

An Ethereum Improvement Proposal (EIP) made on July 7 seeks to standardize how tokens are bridged between networks. The “Sovereign Bridged Token” standard, or EIP-7281, allows token issuers to create canonical bridges across multiple networks.The proposal was co-authored by Arjun Bhuptani, founder of the Connext bridging protocol. In a July

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Trust Wallet to reimburse users after $170,000 security incident

Crypto wallet Trust Wallet disclosed a security vulnerability that resulted in nearly 170,000 losses for some users. The vulnerability has been patched, according to the company.Trust Wallet found out about the issue through its bug bounty program. A security researcher reported a WebAssembly (WASM) vulnerability in the open-source library Wallet

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