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26 Apr 23

Spain ends notorious crypto scam with over $110m lost to hackers

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Police in Spain have dismantled a criminal group responsible for widespread bitcoin fraud. The perpetrators stole more than €100 million ($110 million) in total from over 3,000 victims located all over the world. A regional news organization said that the Guardia […]

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25 Apr 23

Gibraltar court freezes Globix assets, searching for lost funds

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Incoming reports indicate that liquidators from Globix trading networks just got a court order freezing assets, allowing them to acquire info from crypto exchanges. Globix, a cryptocurrency trading network, just recently went into liquidation. The court appointed Joanne Wild, Adrian Hyde, […]

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22 Apr 23

Trust Wallet lost $170,000 to hackers, to reimburse victims

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Trust Wallet, a popular crypto wallet owned by Binance, has disclosed a WebAssembly (WASM) vulnerability in its open-source library, Wallet Core, that affected some users. A security researcher reported the vulnerability through Trust Wallet’s bug bounty program in November 2022. According […]

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07 Apr 23

Solana’s head of finance lost $50 to crypto scam

According to reports, the head of finance at Solana network was scammed for about $50 USDC. Scam problems are increasingly heightening within the blockchain bounds, capturing even the ‘best traders.’ Incoming reports indicate that the head of finance of Solana was just scammed. First release, as the concerned parties did not comment & this was […]

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30 Mar 23

Top 10 cryptocurrencies that lost the most in March

March started with a series of US bank collapses, which brought uncertainty to the financial markets, including cryptocurrencies. Some digital assets have been under high selling pressure, marking notable drops. The top loser of the list, arbitrum (ARB), is also the youngest asset among the top 100 cryptocurrencies listed on CoinMarketCap (CMC). After its debut […]

22 Mar 23

Over $1b in ether was lost forever due to bugs and errors

More than $1 billion of ether (ETH) has been permanently lost due to software bugs and human error. The revelation comes from a study by Conor Grogan, Coinbase’s director of product strategy and business operations. The report revealed that 636,000 ether, or about $1.15 billion at current market prices, has been rendered inaccessible. This represents […]

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17 Mar 23

ParaSpace overcomes hack, almost lost $5m in NFTs

In the early hours of March 17, 2023, ParaSpace, an NFT lending project, faced a hack attack but salvaged 2900 ETH (around $5 million) worth of BAYC NFTs. The platform achieved this after noticing a suspicious transaction and halting the entire protocol. ParaSpace becomes the latest NFT hacking target ParaSpace, one of the many notable […]

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21 Feb 23

Attorney believes that SEC has lost Ripple case

Attorney John E. Deaton, through a recent statement, reaffirmed his conviction that the SEC is not acting in line with the law but rather to strengthen its control over the expanding market. He believes this to be the case since the SEC’s primary objective is to increase its hold on the rising market. As a result, he […]

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20 Dec 22

Auros bankruptcy protection filing shows it lost $20m to FTX

Auros’ bankruptcy protection filing shows the decentralized finance project lost $20 million to the now-defunct FTX exchange. The firm has filed a liquidation request in a British Virgin Islands court and has chosen Interpath Advisory as its liquidator, Auros – another victim of FTX While researchers have revealed that the abrupt collapse of the disgraced […]

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