Hackers Stole $29M in Crypto Last Month: Report
Scams, exploits, and hacks targeting the crypto industry declined in the last months of 2021, with December seeing the lowest amount of funds stolen.
Scams, exploits, and hacks targeting the crypto industry declined in the last months of 2021, with December seeing the lowest amount of funds stolen.
XT.com, a cryptocurrency exchange with a daily trading volume of $3.4 billion, has temporarily halted withdrawals due to a suspected hack resulting in a loss of $1.7 million.
A man has been given a five-year prison sentence for his involvement in stealing and laundering about 120,000 bitcoin, valued at over $11 billion based on current prices, from the cryptocurrency exchange Bitfinex.
The month of October saw various security incidents in the cryptocurrency world, such as exit scams, flash loan attacks, and exploits, resulting in a total of $129.6 million in losses.
Radiant Capital, a platform facilitating cross-blockchain lending and borrowing of cryptocurrency, suffered a major security breach on Wednesday.
Crypto exchange BingX, which is based in Singapore, has confirmed a security breach after noticing multiple withdrawals from one of its online hot wallets that seemed suspicious.
Indonesian cryptocurrency exchange Indodax lost $22 million in various cryptocurrencies and has temporarily disabled its mobile and web applications to conduct a thorough investigation into the breach.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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