Bybit Hit by Massive $1.5 Billion Ethereum Hack: A Wake-Up Call for Crypto Security Bybit, a leading cryptocurrency exchange, has suffered a massive security breach, with nearly $1.5 billion in Ethereum stolen from one of its cold wallets—a secure, offline storage method for digital assets. The incident, one of the largest digital heists in history, […]
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WazirX’s Plan to Repay 80% of Stolen Funds Faces Community Skepticism The Singapore High Court has approved WazirX’s plan to repay 75% to 80% of the funds lost in a $234 million hack, but the crypto community remains skeptical of the lengthy three-month voting process. Singapore High Court approves WazirX repayment plan Community skeptical of […]
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U.S., Japan, and South Korea Unite to Combat North Korea’s Crypto Crimes In a strategic alliance aimed at thwarting North Korea’s cryptocurrency thefts, the United States, Japan, and South Korea have joined forces. These thefts, amounting to $659 million in 2024 alone, are a direct funding source for the DPRK’s weapons programs and cybercrime operations. […]
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Groom Lake’s Fernando Reyes Jr. on Why Web3 Needs Military-Grade Security Fernando Reyes Jr., the founder and CEO of Groom Lake, a private military corporation focused on Web3 security, stresses the urgent need for military-grade protections in the cryptocurrency sector. Groom Lake aims to combat sophisticated cyber threats, from solo hackers to state-sponsored entities like […]
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US, Japan, and South Korea Warn Blockchain Industry of North Korea’s Cyber Threats The United States, Japan, and South Korea have issued a stern warning to the blockchain industry about the escalating cyber threats from North Korean hackers, notably the Lazarus Group, who have stolen over $650 million in 2024 to fund their weapons programs. […]
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Trust Wallet Users Alarmed by Vanishing Balances: Technical Glitch Unnerves Crypto Community Trust Wallet users were thrown into a state of anxiety when their cryptocurrency balances seemed to vanish overnight. Fortunately, the situation was due to a technical glitch rather than a security threat. Yet, this incident has ignited fresh concerns about the security of […]
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