Crypto-asset security is an ever-present concern, and its fragility has been highlighted once again. BonqDao, a financial services provider, has been subject to a crippling cyberattack as its oracle was infiltrated by an insidious hacker. The exploit enabled the criminal to manipulate the price of AllianceBlock tokens, resulting in losses amounting to $120 million for…
In a landmark case that has sent shockwaves through the crypto community, South Korean authorities have arrested the CEO of one of the world’s largest cryptocurrency exchanges for alleged embezzlement. Kang Jong-hyun, CEO of Bithumb, was apprehended on Tuesday and faces charges relating to the purported misappropriation of millions of dollars and stock price manipulation…
U.S. Senators are calling on Silvergate Capital Corp to provide answers and explanations over the allegations of misuse of customer funds by cryptocurrency exchange FTX, highlighting a grave concern for consumer protection. Their demand has raised eyebrows across the financial industry with many questioning why Silvergate, which prides itself on providing secure banking services, failed…
A cryptocurrency company called Coinbase just released many updates to its Wallet software that will improve security and user experience. To safeguard users from harmful actions like spam tokens and airdropped assets, these tools include transaction views, token acceptance notifications, and an automated blocklist of flagged Apps. Users can also get token approval warnings when…
