Poloniex Exchange Resumes Withdrawals Following Hack
Following a $100M hack on Nov. 10, Poloniex cryptocurrency exchange is preparing to resume operations. Poloniex, a cryptocurrency exchange founded by Justin Sun, is preparing to recommence operations after a significant breach in mid-November. The company officially disclosed this information in an announcement published on November 15. The platform’s restoration efforts following the $100 million […]
Elliptic Connects FTX’s $400 Million Loss to Russian Syndicates
Elliptic traces the $400 million in stolen FTX assets to Russian cyber criminals, RenBridge, and money movement mixers. Approximately $400 million of stolen assets from the now-defunct FTX cryptocurrency exchange may have been traced to cybercriminal organizations based in Russia. This discovery is based on a comprehensive analysis by Elliptic, a prominent research firm. A […]
SEC Initiates Probe Into Twitter Security Breach
The US SEC has launched an investigation into Twitter’s (now X) security vulnerabilities prior to Elon Musk’s takeover. The United States Securities and Exchange Commission (SEC) is investigating a violation of Twitter’s data and privacy security that occurred before Tesla CEO Elon Musk’s takeover of the social media platform. The SEC Starts Investigating Former Twitter […]
Friend.Tech Theft Sparks Decentralization Concerns
Several users reported falling victim to SIM swap attacks and suffering losses due to hackers exploiting their Friend. tech accounts. Some users have reported recently that their Friend.tech accounts have been hacked and their assets seized. While Friend. Tech has promoted itself as a decentralized social platform based on the Coinbase Base platform; recent events […]
What Caused Ripple’s $15M Crypto Hack at Fortress Trust?
Fortress Trust had $15 million stolen from it as a consequence of the Google Authenticator breach, which was disclosed by Retool recently. Retool has disclosed vital details regarding a recent malware incident that compromised 27 cryptocurrency accounts. In this incident, a staggering $15 million worth of cryptocurrency was stolen from Fortress Trust after an attacker […]