Global cryptocurrency exchange CoinEx recently fell victim to a major security breach that resulted in a loss of at least $29 million. The hackers targeted the firm’s hot wallets, leaving blockchain investigators alarmed by a series of suspicious transactions. On Tuesday, crypto security platform Cyvers reported the breach and urged CoinEx to immediately suspend all
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CoinEx, a cryptocurrency exchange, recently announced a security breach on September 12. The incident involved unauthorized transactions and withdrawals from the exchange’s hot wallets, affecting Ethereum (ETH), TRON (TRX), and Polygon (MATIC). While the exact value of the losses is yet to be determined, CoinEx assures its users that their assets are secure and promises
The blockchain ecosystem continues to expand with the emergence of Manta Network, a new player in the world of layer-2 blockchain solutions. Manta Network has recently launched its ZK-as-a-service platform, Manta Pacific, which aims to power decentralized applications (DApps) using zero-knowledge (ZK) proof technology. This modular L2 solution is designed to be compatible with the
In a concerning development, popular crypto exchange CoinEx is believed to have fallen victim to a suspected hack, resulting in significant losses from its Ethereum (ETH), TRON (TRX), and Polygon (MATIC) hot wallets. The incident, which unfolded on Tuesday, has sparked an ongoing investigation into the security breach. Significant Losses According to reports by Colin
The new financial promotions regulations imposed by the UK Financial Conduct Authority (FCA) are creating significant challenges for crypto firms, according to Delphi Labs general counsel Gabriel Shapiro. In a recent post on X, Shapiro expressed his concerns about the feasibility of strict compliance with these regulations. He believes that only centralized exchanges and a
While Ethereum (ETH) struggles to maintain its position above $1,600, investors in the cryptocurrency market are now turning their attention to its competitors. One cryptocurrency that has caught the eye of many is Solana (SOL). Despite facing a tough week in the crypto market and a significant loss of 28% in the last four weeks,
James Howells, a resident of Newport, has found himself in a battle against the city’s local council in a quest to retrieve his lost treasure. Howells accidentally disposed of a hard drive containing a staggering 8,000 Bitcoin (BTC), and for the past decade, he has been tirelessly attempting to gain access to a landfill site
In a recent report, it has been revealed that Luna, a subsidiary of Digital Currency Group (DCG), is planning to pause certain services in the United Kingdom. This decision comes ahead of new regulations set by the U.K.’s Financial Conduct Authority (FCA) and will have a significant impact on the crypto trading features offered by
In an interview with CNBC on Monday, David Marcus, former President of Paypal and Head of Facebook Payments, expressed his belief that Bitcoin (BTC) is the universal protocol for money on the internet. He emphasized Bitcoin’s significance as the flagship cryptocurrency and its core value as a payment solution while discussing its potential as a
Lido Finance, the Ethereum staking protocol, has responded to allegations that hackers exploited a security flaw in the token contract of Lido DAO (LDO). Despite the existence of the flaw, Lido Finance assures users that both the LDO and staked-Ether (stETH) tokens remain secure and unaffected. While Lido Finance did not confirm any specific exploits,
