Solana-Based DeFi Platform Drift Protocol Suffers $270 Million Cyberattack A catastrophic cyberattack has struck Drift Protocol, a decentralized finance (DeFi) platform on the Solana blockchain, resulting in the theft of over $270 million in crypto assets. Reported by onchain analytics firm Lookonchain, this exploit exposes glaring security flaws in the DeFi space and casts a […]
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How Nobitex Builds Trust as an Iran Cryptocurrency Exchange Under Sanctions Nobitex, a powerhouse cryptocurrency exchange with over ten million verified users in the Middle East, is proving that trust can be hard-coded into the volatile world of crypto. Operating under the crushing weight of international sanctions on Iran, this platform has not only survived […]
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Marks & Spencer Faces $403 Million Loss After Sophisticated Cyberattack Marks & Spencer (M&S), a pillar of the British retail sector, is grappling with a projected financial loss of $403 million following a cyberattack orchestrated by the hacking group DragonForce. The attack not only disrupted M&S’s operations but also exposed sensitive customer data, raising serious […]
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Coinbase’s S&P 500 Milestone Overshadowed by DOJ Cyberattack Investigation Coinbase, a leading cryptocurrency exchange, joined the prestigious S&P 500, marking a significant milestone for the crypto industry. However, the celebration was short-lived as the company faced scrutiny from the U.S. Department of Justice (DOJ) over a cyberattack that compromised customer data. This breach, involving bribed […]
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Coinbase CEO Rejects $20M Ransom, Launches Bounty Following Data Breach On May 15, Coinbase faced a cyberattack where attackers demanded a $20 million Bitcoin ransom after compromising customer data through bribed overseas support agents. CEO Brian Armstrong took a firm stance against the hackers, refusing their demands and instead offering a $20 million bounty for […]
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Coinbase Faces $400 Million Blow After Cyberattack Fallout Coinbase, a leading platform where people buy and sell digital currencies like Bitcoin, has been hit by a significant security breach due to insider bribery. The breach exposed personal data of approximately 84,000 customers and is expected to cost the company between $180 million and $400 million. […]
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WazirX’s Recovery Plan Gains Strong Support Amid Legal Challenges WazirX, a leading Indian cryptocurrency exchange, has secured overwhelming support for its recovery plan following a cyberattack last year. Despite this, the approach to restructuring user assets worth ₹4,400 crore has come under scrutiny from the Delhi High Court, raising concerns about user consent and data […]
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Patricia’s Plan to Rebuild Trust After Cyberattack: A Closer Examination Patricia Technologies, a Nigerian cryptocurrency trading platform, is addressing the fallout from a cyberattack that led to losses of over 600 million naira in 2022. The company is initiating a repayment plan to compensate affected users and restore trust. After losing over 600 million naira […]
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