Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
Thodex, once among Turkey's leading cryptocurrency exchanges, abruptly ceased operations in April 2021, coinciding with the disappearance of its founder, Özer.
Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.
The volume of crypto heists has not necessarily changed, but attacks are becoming more devastating, in part due to the rising popularity of Decentralized Finance (DeFi) projects, and the amount of money being poured into these projects. Share your thoughts on Cybersecurity and get a free copy of the Hacker's Manual 2022.
One way consumers can protect themselves from exchange theft, or insolvency, is to transfer their cryptocurrency from the exchange to a software wallet (a secure application installed on a computer or smartphone) or a hardware wallet (a hardware device that can be disconnected from the computer and internet).
Hackers have stolen some $600 million in cryptocurrency from the decentralized finance platform Poly Network, in what it says is the largest theft in the industry’s history. A vulnerability in Poly Network allowed the thief to make off with the funds, the platform said Tuesday, begging the attacker to return the money.
You’re not the only one: According to a 2019 report on cryptocurrencies by security company Kaspersky, almost a fifth (19 percent) of survey respondents said they’d been hacked on exchanges, and a further 15 percent said they were victims of cryptocurrency fraud.
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