cryptocurrency theft News

Crypto Platform Wormhole Says ‘Funds Are Safe’ After Hackers Steal $320M

Cryptocurrency platform Wormhole said on Thursday that “all funds are safe” after hackers stole more than $320 million from its site in the fourth-largest crypto heist on record. Wormhole, which allows the transfer of information from one crypto network to …

Crypto Exchange Binance Builds $1B Insurance Fund After Industry’s Recent Hacks

Binance Holdings Ltd. has built up a $1 billion insurance fund for its users amid a barrage of hacks on cryptocurrency trading platforms, according to a memo. Binance, the world’s largest crypto exchange by trading volume, has been earmarking money …

Hackers Seize $80M of Digital Assets From Qubit in Latest DeFi Attack

More than $80 million of digital assets were swiped from a decentralized finance platform in the latest hack of cryptocurrency trading marketplaces. A blockchain extension by Qubit Finance, a DeFi lending firm, was exploited by a hacker on Thursday night, …

Cryptocurrency Crime Hit Record $14 Billion in 2021: Research

Crime involving cryptocurrencies hit an all-time high of $14 billion last year, blockchain researcher Chainalysis said on Thursday, a record that comes as regulators call for more powers over the fast-growing sector. Crypto received by digital wallet addresses linked to …

Hackers Steal More Than $94M from Japanese Cryptocurrency Exchange

Japanese cryptocurrency exchange Liquid said on Thursday it was hit by hackers in a theft estimated at more than $94 million, the latest crypto platform to be targeted by cyber criminals. “We are sorry to announce that #LiquidGlobal warm wallets …

Hackers Return $260M to Cryptocurrency Platform After Theft of $613M in Digital Coins

LONDON/SINGAPORE/HONG KONG – Hackers behind one of the biggest ever cryptocurrency heists have returned more than a third of $613 million in digital coins they stole, the company at the center of the hack said on Wednesday. Poly Network, a …

Software Developers Launching Type of Insurance Cover for Cryptocurrencies

Adventurers in what is perhaps the most lucrative and risky corner of the cryptocurrency world are starting to see a bit of a safety net. In the past year, scores of investors big and small have poured billions into decentralized-finance …

Cryptocurrency Crime Drops in 2020 but ‘Decentralized Finance’ Losses Rise: Study

Losses from cryptocurrency theft, hacks and fraud fell 57% last year to $1.9 billion, as market participants boosted security systems, but crime in the “decentralized finance” space continued to grow, a report from crypto intelligence company CipherTrace showed. Criminals got …

Many Financial Firms and Governments See Cryptocurrencies as Risky: Survey

Financial firms and governments overwhelmingly see cryptocurrencies as risky, a major survey found on Tuesday, with the potential for bitcoin and other digital tokens for use in money laundering and sanctions busting among the chief worries. Around 60% of respondents …

Cryptocurrency Firm Quadriga Collapsed Due to Late Founder’s Ponzi Scheme: Regulator

Last year’s collapse of Canadian cryptocurrency trading platform QuadrigaCX was due to a Ponzi scheme operated by founder Gerald Cotten, who died suddenly in December 2018, the country’s biggest securities regulator said on Thursday. Cotten died at age 30 from …