FTX to give a ‘one-time’ $6M compensation to phishing victims
FTX founder Sam Bankman-Fried said the exchange won’t be “making a habit of compensating” users that are “phished by fake versions of other companies.” Go to Source Powered by WPeMatico
Crypto hack
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$100M drained from Solana DeFi platform Mango Markets, token plunges 52%
The platform’s treasury was drained of over $100 million worth of cryptocurrency after an attacker manipulated price data of its native token to take out loans against their holdings. Go to Source Powered by WPeMatico
Targeted phishing scam nets $438K in crypto and NFTs from hacked Beeple account
Links posted to a fake Louis Vuitton non-fungible token (NFT) raffle were made to capitalize on a recent real collaboration between Beeple and the luxury fashion brand. Go to Source Powered by WPeMatico
AkuDreams dev team locks up $34M due to smart contract bug
A highly anticipated NFT project has been hit with an exploit and a smart contract bug, causing a disruption to its auction and leaving the team with $33 million unable to be accessed. Go to Source Powered by WPeMatico
Bitfinex-backed LEO soars to record high on supply crunch expectations
The token surged almost 70% in a day after the U.S. Department of Justice announced that it had recovered most of the stolen funds from the 2016 Bitfinex hack. Go to Source Powered by WPeMatico
Crypto Exchange Bitgrail Founder Accused by Italian Police of Faking Hacks That Led to Company’s Bankruptcy
Italian police accused a man who ran a cryptocurrency exchange of being responsible for a series of hacks that caused millions in losses as part of an alleged massive fraud scheme. Italian Authorities Accuse Bitgrail Owner of Faking Hacks That Led Exchange’s Bankruptcy According to Reuters, the 34-year-old from Florence known by his initials F.F. … Read more
European Bitcoin Exchange Hacked for $1.4 Million, Claims It Cannot Afford to Repay Users
2gether, a Spanish cryptocurrency trading platform, has been hacked for about $1.4 million and company executives claim that they do not have the money to repay customers. Chief executive officer Ramon Ferraz Estrada said over the course of several tweets on Monday that the breach of July 31 affected crypto investment accounts and exposed user … Read more
