Crypto Incidents Involving Exit Scams, Hacks, and Code Exploits Reach Record Low in December 2022 According to Certik

Crypto Incidents Involving Exit Scams, Hacks, and Code Exploits Reach Record Low in December 2022 According to CertikAccording to blockchain security company Certik, the number of cryptocurrency incidents involving exit scams, hacks, and code exploits in Dec. 2022 was the lowest monthly figure of the year. Certik noted that the combined incidents amounted to $62.2 million “lost to exploits, hacks, and scams.” Record Low Cyber Attacks in December 2022 Result in $62.2 […]

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Major Korean Insurer to Offer Crypto Exchanges Insurance for Hacking Damages

Major Korean Insurer to Offer Crypto Exchanges Insurance for Hacking DamagesA major South Korean insurance company reportedly will start offering cryptocurrency exchanges insurance aimed at compensating for damages caused by hacking, according to local media. Currently, few crypto exchanges in the country are insured and hacking damages are not covered. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Introducing Hacking Insurance A […]

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High-Profile Thai Crypto Case: Bitcoiner Lost Over 5,500 BTC – Ringleader Fled to US

High-Profile Thai Crypto Case: Bitcoiner Lost 5,500+ BTC - Ringleader Fled to USA high-profile crypto case involving a well-known actor and model has come to public attention in Thailand following the enforcement of the country’s crypto regulations. Over 5,564 BTC were reportedly stolen from a bitcoin millionaire. The alleged ringleader has fled to the U.S. Thailand’s main crypto regulator is cooperating with the police on the case. […]

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Crypto Exchange Coinrail Reopens with Offers to Recover 11 Cryptocurrencies

Crypto Exchange Coinrail Reopens with Offers to Recover 11 CryptocurrenciesSouth Korean exchange Coinrail has resumed service after it was hacked last month. The exchange has offered users some options to recover their cryptocurrencies. Eleven cryptos were stolen, some of which have been fully recovered and are now available for trading and withdrawals. However, some coins were not recovered. Also read: Yahoo! Japan Confirms Entrance Into […]

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The Daily: Decentralized Exchanges – New and Hacked, and Some Lost Coins

The Daily: Decentralized Exchanges – New and Hacked, and Some Lost CoinsIn today’s edition of Bitcoin in Brief, we cover two decentralized exchanges – an Irish team that’s launching its Local Token Exchange and the already operating Bancor that has reported a security breach and admitted the loss of $12.5 million worth of coins. Also, hackers in China have mined cryptos worth $2 million using malware […]

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New Research: 10% of Funds Raised in ICOs Lost or Stolen

New Research: 10% of Funds Raised in ICOs Lost or StolenClose to $400 million USD raised from initial coin offerings have been lost or stolen, a new research has found. The embezzled funds constitute more than 10% of what had been collected for the projects covered by the study. Meeting fundraising goals is getting harder for companies conducting new ICOs. Also read: Hackers Steal $400k […]

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