WazirX to reverse trades after $235M crypto hack
WazirX, one of the largest crypto exchanges in India, lost $235 million to a multisig wallet security breach in July 2024. Go to Source
Security
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Jump likely shuttered development arm, not trading — 1000x co-host
Jonah Van Bourg expects Jump’s quantitative crypto trading business is continuing to operate as before. Go to Source
Ronin Network Reclaims $12 Million in Stolen Digital Assets
Ronin Network stated that digital assets worth $12 million, siphoned by so-called white hat hackers on August 6, were returned in full the same day. The Ronin team mentioned that they paused the bridge approximately 40 minutes after the first on-chain action was detected. The team also assured users that their funds were “safe and … Read more
Over 70% of hacked funds are lost to CeFi entities: Cyvers
Real-time threat detection and AI integrations could further bolster Web3 security, according to the CEO of Cyvers. Go to Source
DraftKings kills NFT business, citing ‘legal developments’
It comes four weeks after a federal judge found DraftKings NFTs fell “within the meaning” of the Securities Act and Exchange Act and thus could be securities. Go to Source
BREAKING: Monoswap has been hacked, warning issued to stay away
Monoswap warned users not to deposit any new funds or open new positions at this time. Go to Source
What are the hidden costs of prioritizing commercial interests over AI safety?
Decentralized AI safety program leverages community-driven competitions to ensure robust and secure AI systems. Go to Source
Microsoft blames Crowdstrike meltdown on 2009 European Union deal
The security incident affected 8.5 million Windows systems worldwide as commercial operations were hit with the “blue screen of death.” Go to Source
Wazirx Offers $23M Bounty to Recover Stolen Assets After Massive Security Breach
Indian crypto exchange Wazirx has announced a $23 million bounty program to recover assets stolen in a cyberattack on its multisig wallet. Emphasizing community involvement, co-founder Nischal Shetty outlined the rewards for tracking, freezing, and ethically recovering the stolen funds. He insists that the attack was not due to phishing but involved multiple hardware wallets … Read more
Li.Fi releases incident report following $11M hack
The team also announced it was working on a voluntary compensation plan to reimburse 100% of funds to users affected by the exploit. Go to Source
