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Defi platforms Aerodrome and Velodrome hit by front-end cyberattacks

Defi platforms Aerodrome and Velodrome suffer a front-end attack, with an estimated $40,000 compromised.  Two prominent defi platforms, Aerodrome and Velodrome, have experienced security breaches in their front-end systems. The incidents occurred on Nov. 28, as disclosed by the platforms. Both Aerodrome and Velodrome alerted their users through X, advising them to

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Aerodrome and Velodrome DeFi platforms experience front-end hacks

The decentralized finance (DeFi) platforms Aerodrome and Velodrome reported compromises to their front ends on Nov. 28. The two platforms posted announcements on X (formerly Twitter) stating their front ends were compromised and asked users not to interact with the platforms while investigations are underway. Our frontend is currently compromised. Please

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Bitrace highlights rising crypto fraud risk as trading platforms introduce web3 wallets

The integration of web3 wallets into mainstream trading platforms heralds a new era in digital finance, blending the realms of cefi and defi while also raising concerns about increased vulnerability to crypto fraud. According to Bitrace and WuBlockchain, the integration of web3 wallets into mainstream trading platforms like OKX and Binance

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Justin Sun-related crypto platforms hacked 4 times in 2 months

Tron founder Justin Sun’s crypto businesses have come under repeated attacks from hackers over the past two months, with at least four hacks on platforms related to the crypto entrepreneur.Sun’s HTX crypto exchange has been hacked at least twice since the platform rebranded from Huobi on Sept. 13, 2023. The

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Exploring platforms like Immediate Connect offering advanced crypto trading bots

Crypto trading can be dynamic, fast-paced, and competitive. As the market evolves, traders seek innovations to stay ahead of the curve and make informed decisions. This has led to the rise of crypto trading bots leveraging sophisticated algorithms and automation to execute trades, manage portfolios, and capitalize on market trends. Efficiency Among

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Centralized crypto platforms forced to freeze Arab countries’ funds

As the conflict between Israel and Hamas escalates, the former CEO of Paxful calls on users to stay away from centralized crypto platforms. Ray Youssef, former CEO of Paxful, a peer-to-peer crypto platform, took to X to alarm users about the growing risks of being blocked on centralized exchanges. The regulators worldwide

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Hong Kong plans to flag suspicious crypto platforms amid JPEX scandal

The Securities and Futures Commission (SFC) of Hong Kong is intensifying the fight against unregulated cryptocurrency platforms in its region amid the JPEX crypto exchange scandal. In a statement, the regulator notes that it is planning to provide a list of all virtual asset trading platforms (VATPs) that are licensed, considered

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HK regulator vows to intensify crackdown on unregistered crypto platforms

Hong Kong's financial regulator, the Securities and Futures Commission (SFC) has vowed to step up its efforts to combat unregulated cryptocurrency trading platforms in its jurisdictionAccording to a Sept. 25 announcement, the SFC said it will publish a list of all licensed, deemed licensed, closing down and application-pending virtual asset

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