ScamSniffer Reports Major Losses from Inferno Drainer Fraud
Blockchain security firm ScamSniffer reported that a cryptocurrency whale lost over $32 million in a transaction tied to the Inferno Drainer scam. A blockchain security company, ScamSniffer, has reported that a cryptocurrency whale incurred a loss of more than $32 million due to a transaction associated with the Inferno Drainer fraud operation. This operation exploits […]
Delio Admits to Losing Millions After Suspending $67.95M Deposits
Delio, a South Korean crypto-finance platform, has disclosed its deposit figures and loss projections for the first time since it halted withdrawal services in June. The company faces a challenging situation as it tries to recover from the losses and compensate its users. According to a statement from Delio, the platform’s deposits stand at approximately […]
Freeway Appreciate Members for Their Support During Market Loss
The company was going through a bad time because it had lost a lot of money. The tweet explained how the company planned to make up for its losses and where it was going in the future. The UK-based cryptocurrency platform Freeway thanked its users for being patient during a “really difficult time,” referring to […]
Tesla Reports Loss in Failed Bitcoin Investment
During the first quarter of 2021, the company put more than $1.5 billion into the coin. In a regulatory filing, Tesla said that it lost $170 million on its investment in Bitcoin during the first nine months of this year. It also said that it made about $64 million by turning some of the Bitcoin […]
Binance crypto exchange outage causes traders to lose millions
Several investors are suing for damages as a result of Binance’s crypto exchange outage that has caused losses worth millions of dollars. The exchange’s policy allows for compensation on trading losses caused by system errors. Binance’s policy allows investors to get compensation on trading losses due to system or internal issues but does not cover […]