Search Results for: Cyvers

“After a security breach resulting in an $8 million loss, cryptocurrency exchange HTX reassured users about their deposits’ safety, marking the continuing debate over crypto market security. Shareholder Justin Sun responded unorthodoxly, offering a bounty to the responsible hacker and hinting at hiring them as a security advisor.”

Global cryptocurrency exchange Huobi recently experienced a cyberattack, resulting in the theft of approximately $7.9 million worth of ETH. Huobi identified the culprits and offered them a 5% reward on the returned funds, even proposing a role for the hacker as a security consultant. However, failure to comply will lead to legal action.

“Huobi Global, now HTX, recently suffered a security breach leading to $7.9M in digital assets being stolen. This incident highlights the need for advanced security in crypto and raises questions about the exchange’s safety infrastructure. HTX’s innovative approach of offering a “white-hat bonus” to recover stolen assets without resorting to legal actions could revolutionize how crypto exchanges handle such breaches.”

A suspicious withdrawal of around $2.7 million worth of cryptocurrencies from Remitano crypto exchange brought to light potential security breaches. The immediate response included Tether halting the movement of drained coins, saving a significant portion of the stolen funds. However, the security issue emphasizes the importance of vigilant security measures in the crypto landscape.

“Cryptocurrency exchange Remitano fell victim to a hack, with $2.7 million withdrawn suspiciously. This incident raises questions over blockchain’s security. The unauthorized withdrawal included Tether, USD Coin, and Ankr tokens. Despite Tether freezing the suspected address, concerns persist about potential misuse of centralized control against crypto’s decentralization principle.”

In a major security breach, cryptocurrency exchange CoinEx lost over $27 million from four separate hot wallets. The funds migrated into an unclaimed wallet, causing suspicions of a planned virtual break-in. CoinEx has acknowledged the incident, promising compensation measures and assuring the safety of remaining funds.

“$27M worth of crypto was moved from CoinEx hot wallet to an unrecorded Ethereum account, raising suspicions of a potential security breach or inside job. The incident raises questions about the efficacy of current cybersecurity measures in the digital currency sphere.”

Stake, a popular crypto betting platform, suffered a shocking $40 million exploit in early September, starting with irregular transactions. Despite the massive security breach, Stake assured users that funds would be protected and possibly restored soon, reaffirming the resilience of some crypto platforms.

“The crypto-verse sees another wave of skeptics following an alleged ‘private key leak’ targeting Cryptocurrency Casino Stake, with $16 million reportedly withdrawn on the Ethereum network. An additional $25.6 million disappeared across Polygon and the Binance Smart Chain, indicating potential vulnerabilities within the crypto ecosystem.”

Blockchain security firms Peckshield and Cyvers report suspicious activity involving crypto casino Stake. Around $16 million in cryptocurrencies was moved through a specific wallet and split among numerous addresses – a potential ‘rug pull’ amid falling crypto values. Concerns are now growing in the digital asset community, calling for a thorough investigation.