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​​Hong Kong authorities say 145 victims and $18.9M lost in Hounax scam

Hong Kong authorities reported on Nov. 27 that 145 users were affected in a scam by the unlicensed cryptocurrency exchange Hounax, resulting in a loss of 148 million HKD ($18.9 million), according to local media Shenzhen Commercial News. On Nov. 25, local police held an initial press conference to inform the

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Indexed Finance thwarts hijackers, set to compensate 2021 hack victims

Indexed Finance, an Ethereum-based project that suffered a $16 million hack in 2021, has successfully thwarted two hijacking attempts. Control of the project’s decentralized autonomous organization (DAO) will be returned to its founders, who aim to allocate the remaining treasury to victims of the 2021 hack.In a thread on X

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iFinex proposes $150M share buyback from Bitfinex hack victims: Report

Bitfinex’s parent company, iFinex, has proposed buying back $150 million worth of the company’s shares from users who were offered them as compensation for the $71 million hack on the Bitfinex crypto exchange in 2016, according to Bloomberg.IFinex revealed its plans to buy back the shares in a shareholder letter dated

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CoinEX, Mark Cuban latest hack victims, BinanceUS faces workforce challenges, adoption skyrockets

This week, CoinEX and investor Mark Cuban were counting losses as hacks persisted. Despite these setbacks, Deutsche Bank, PayPal, and Franklin stepped into the crypto limelight.  A slew of hacks Much like the previous weeks, crypto-related hacks dominated the scene this week. Vitalik Buterin, co-founder of Ethereum, faced a cybersecurity breach on

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Coinbase (COIN) Profited Due to Curve DeFi Hack, but the Crypto Exchange Hasn’t Given Victims the Money

One of the pools drained in the attack contained ether (ETH) and alETH, an ether derivative issued by Alchemix, a DeFi lending platform. Before the attack, the pool held 7,259 ETH and 4,822 alETH, Alchemix said. Then, the exploiter drained the majority of the tokens, leaving only 1 ETH and

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Binance pledges $3 million in BNB to Morocco earthquake victims

After a large earthquake hit Morocco causing at least 2,000 fatalities in Marrakech alone, Morocco’s fourth largest city, the cryptocurrency exchange Binance pledged millions in Binance Coin (BNB) as aid relief. According to an announcement on Sept. 11, a few days after the disaster struck, Binance said it will airdrop up

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