FTX Debtors Report $8.9B Shortfall in Customer Funds and ‘Highly Commingled’ Assets in Latest Presentation

FTX Debtors Report Significant Shortfall and 'Highly Commingled' Assets in Latest PresentationOn March 2, 2023, FTX debtors released their second stakeholder presentation, which contains a preliminary analysis of the now-defunct cryptocurrency exchange’s shortfalls. The latest presentation reveals a significant shortfall, as approximately $2.2 billion of the company’s total assets were found in FTX-related addresses, but only $694 million is considered “Category A Assets,” or liquid cryptocurrencies […]

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US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stolen Cryptocurrency

US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stolen CryptocurrencyThe U.S. government has charged two Chinese nationals involved in laundering stolen cryptocurrency worth $100 million from an exchange allegedly for the benefit of North Korea. They are linked to the U.S.-designated North Korean state-sponsored Lazarus Group. A total of 113 cryptocurrency accounts and addresses used to launder funds have been identified. Also read: SEC […]

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15 Million Debit Cards Exposed as Iranian Banks Fall Victim to Cyber Warfare

15 Million Debit Cards Exposed as Iranian Banks Fall Victim to Cyber WarfareThe private details of 15 million bank debit cards in Iran have been published on Telegram in the largest banking security incident in the country’s history. Iranian authorities so far try to blame the breach on common criminals but cyber security experts suspect it was the work of intelligence agencies from the U.S. or Israel. […]

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Top Cyber Attacks of Q1 2019

TheMerkle Malware Cyber WarfareIn this modern era of technology and connectivity, cyber attacks have become significantly more common. Despite numerous warnings from security experts, consumers remain prone targets for criminals who are not necessarily intent on backing down as of yet. The year 2019 has seen some interesting types of cyber attacks so far, which is not necessarily something to be too happy about. Information regarding these incidents is provided courtesy of CSIS. January 2019 has Seen Plenty of Disruption A total of 10 separate major cyber attacks or incidents have been recorded throughout January of 2019. The new year kicked off with

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Cryptopia Lost Almost a Tenth of Its Assets in January Hack

Cryptopia Estimates 9.4% of Total Assets Stolen During January HackNew Zealand cryptocurrency exchange Cryptopia has published a series of tweets detailing the extent of the losses it suffered during an attack by hackers in January. It said: “We have calculated that worst case 9.4 percent of our total holdings was stolen.” Also read: 125-Year Old Swiss Bank Julius Baer Enters Cryptocurrency Market ‘Securing Individual […]

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African Cryptocurrency Exchanges Forced to Step up Security

African Digital Currency Exchanges Step up Security to Safeguard Investor FundsCryptocurrency exchanges in some of Africa’s biggest bitcoin markets have been forced to rethink their security to thwart persistent attacks from hackers, a trend that has troubled trading platforms all around the world. Also read: Cointext Launches Bitcoin Cash SMS Wallet in Argentina and Turkey The Worst Yet to Come for African Exchanges Exchanges in the […]

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