Radiant Capital Loses $50M After Exploit
Radiant Capital, a platform facilitating cross-blockchain lending and borrowing of cryptocurrency, suffered a major security breach on Wednesday.
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 new FBI report released on Monday has revealed that investors have lost a record-breaking $5.6 billion to crypto-related financial crime in 2023, a sharp increase of 45% from the previous year.
According to the most recent CertiK Web3 Security Report, there has been a significant loss of $1.19 billion due to security incidents on blockchain in the first half of 2024.
Binance is allegedly aiding in the investigation of a malicious attack on Turkey’s BtcTurk exchange, which resulted in over $5 million in stolen funds being frozen.
A recent report from blockchain security firm Immunefi revealed a 12% decrease in losses from fraud and hacks in the crypto industry compared to the previous year.
"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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