Investors Sue Atomic Wallet Over $100M Crypto Hack
A group of dissatisfied cryptocurrency investors has filed a class action lawsuit against Atomic Wallet, which suffered a significant security breach and $100 million in losses in June, stating the firm didn’t share any information about the hack with clients or report it to the police. BNE IntelliNews reported on August 21 that dozens of […]
Poly Network Issues Withdrawal Notice to Users After Exploit
Cross-chain bridge platform Poly Network on July 2, was attacked by a hacker, and the exploit affected 57 crypto assets. This has prompted the network to urge users to withdraw their funds. In a tweet dated July 2, Poly Network confirmed it was the latest victim of decentralized finance (DeFi) exploit after attackers were able […]
Sturdy Finance loses $800K In Oracle Attack
Sturdy Finance, a decentralized lending platform, lost $800,000 in a security breach on Saturday. An unidentified hacker exploited a reentrancy vulnerability and manipulated a faulty price oracle to drain funds from the Protocol. Sturdy Finance, a decentralized lending platform, suffered a major security breach on Saturday, losing 442 ether (ETH), worth about $800,000 at the […]
According to Ripple, consumers suffer from SEC’s scams
The statement comes amid claims by Ripple Labs and other detractors that the SEC overstepped its bounds in policing the cryptocurrency sector. In response to a recent opinion post by SEC chairman Gary Gensler, Ripple Lab’s general counsel Stu Alderoty argues that the agency’s crackdowns on the cryptocurrency sector aren’t safeguarding consumers. Alderoty said that […]
Analyst outlines 8 crypto scams on Twitter
Cybersecurity analyst Serpent in a 19-part thread outlined the sophisticated strategies scammers use for the most dastardly crypto scams and s well as non-fungible tokens’ (NFT) currently active on Twitter. The analyst is the creator of Sentinel, artificial intelligence and community-powered crypto scams mitigation solution, and has 253,400 followers on Twitter. Serpent described how scammers […]