KuCoin CEO says insurance covered 16% of losses from $285M hack in 2020
KuCoin users were unaffected by the $285 million hack of 2020 as insurance funds covered the remaining losses from the incident. Go to Source Powered by WPeMatico
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Breach at Indian exchange BuyUCoin allegedly exposes 325K users’ personal data
BuyUCoin initially denied the reports of a data breach, but added that all user funds are safe. Go to Source Powered by WPeMatico
Origin Protocol begins accepting compensation claims following $7M exploit
Co-founder Josh Fraser said he hopes the compensation plan will help build trust among users as the project moves forward. Go to Source Powered by WPeMatico
Warp Finance adds Chainlink oracles to protect against flash loans
Warp Finance’s hack for $8M could have been prevented with better oracles, team says. Go to Source Powered by WPeMatico
Cover Protocol announces compensation plan following mining contract attack
Cover Protocol will distribute new “coins” to token holders as Binance announces compensation for affected traders. Go to Source Powered by WPeMatico
Cover Protocol suffers infinite minting attack, price tanks 97%
Cover, the peer-to-peer coverage market, is the latest DeFi project to suffer an attack. Go to Source Powered by WPeMatico
UK Crypto Exchange Exmo Hacked, Estimates Presume Platform Lost $10.5 Million
U.K.-based cryptocurrency exchange Exmo detailed on December 21, 2020, the firm had “detected suspicious withdrawal activity” and halted withdrawals. Exmo said a security audit report revealed “large withdrawals” of bitcoin and five other cryptocurrencies. Analysts estimate that Exmo may have lost over $10 million from the hot wallet breach. On Monday, the U.K.-registered digital currency … Read more
Ledger users threaten legal action after hacker dumps personal data
A cybersecurity expert claimed the affected users would be targeted online and in person now that their personal information had been made public. Go to Source Powered by WPeMatico
After exploit, Warp Finance compensation plan takes promising strides
In a promising sign for the DeFi space, another project devotes itself to complete user compensation following an exploit Go to Source Powered by WPeMatico
Nicehash Crypto Mining Pool ‘Fully’ Reimburses All Users Affected by 2017 Hack
A Slovenian cryptocurrency mining pool and trading platform announced that they’ve managed to fully compensate their users affected by a hacking attack that took place in December 2017, which took over 4,600 bitcoins. Nicehash ‘Fully’ Reimburses Users Affected in 2017 Hack According to the letter published by Martin Škorjanc, CEO of Nicehash, the company “fully” … Read more