In November 2023, the cryptocurrency world witnessed a defining moment when Binance, the largest global cryptocurrency exchange, and its CEO Changpeng Zhao, agreed to a $4.3 billion settlement with U.S. regulators. This settlement, one of the most substantial in the history of financial regulation,...
A new scam has been uncovered by experts from Check Point. This scam involves the use of bogus tokens to steal one million dollars from the cryptocurrency wallets of thousands of various investors. The investigation led to the discovery of forty separate Rug Pull frauds as well as a rogue cryptocur...
In the dynamic and often unpredictable world of cryptocurrency, the closure of Bittrex Global in 2023 stands out as a landmark event. This development followed the earlier shutdown of Bittrex's U.S. operations, Bittrex.US, and marked a significant shift in the landscape of digital asset exchanges. T...
A new type of attack called Randstorm could potentially steal 1.5 million bitcoins, especially those made between 2011 and 2015. The Randstorm flaw is a result of bugs, bad design choices, and API changes that make the quality of random numbers generated by the web worse. Around 1.4 million bitcoins...
Poloniex, a cryptocurrency exchange, has offered a $10 million reward to a hacker who stole $114 million from the exchange. The attacker can choose between a reward and being prosecuted worldwide. The Poloniex team has successfully found the hacker, who was sent a message through a blockchain transa...
The cryptocurrency industry, despite its rapid growth and innovation, has been plagued by security concerns and regulatory challenges. In 2023, we witnessed a significant crackdown on cryptocurrency exchanges by regulatory authorities worldwide. Several exchanges faced seizure and legal actions due...