Polter Finance partners with FailSafe after $8.7m hack
Polter Finance has partnered with blockchain security provider FailSafe to enhance its security system to prevent future exploits. According to a press release sent to crypto.news, Polter Finance’s collaboration with FailSafe will ensure the implementation of real-time threat detection and runtime security on top of the platform’s existing security measures. FailSafe’s runtime security solution is […]
Starknet’s zkLend loses over $8m in hack, demands return
zkLend has lost over $9 million worth of Ethereum in a hack. The protocol is demanding the hacker return 90% of the stolen funds or face legal consequences. On Feb. 12, Starknet-based layer2 money-market protocol zkLend officially admitted that it had been hacked. The protocol said their internal team is currently investigating the root cause […]
Uniting idealists and earners through DePIN is a web3 growth hack
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Not everything in life benefits from decentralization. P2P marketplaces? Sure. Remittances? Absolutely. Dating apps? Perhaps not. But what about cloud infrastructure itself, the very backbone of the modern internet? On the one […]
Bitfinex should receive 95k BTC seized in 2016 hack, says USG
U.S. prosecutors have requested court approval to return nearly $10 billion in Bitcoin recovered from the 2016 Bitfinex hack. According to a court filing, federal prosecutors plan to remit 80% of the 119,754 Bitcoin (BTC) recovered from the Bitfinex crypto exchange hack back to the platform. Government investigators seized 94,643 BTC from Ilya Lichtenstein, the […]
Mango Markets announces shutdown after $117M hack
Mango Markets, the Solana-based DeFi platform that fell victim to a $117 million exploit in 2022, has announced its complete shutdown. The platform’s governance proposal has received unanimous approval, with 23,347,212 votes supporting the closure. The platform has set January 13, 2025, at 8 PM UTC as the deadline for users to close their positions […]
WazirX hack victims to receive aid from new CoinSwitch fund
CoinSwitch has announced a $70 million recovery program, “CoinSwitch Cares,” aimed at helping WazirX users recover losses from a July 2024 cyberattack. The two-year initiative, seeks to restore confidence in India’s crypto ecosystem by providing financial relief to affected individuals. Announcing #CoinSwitchCares – a ₹600 Crore recovery fund for WazirX users. CoinSwitch Cares is a […]
CoinSwitch launches $70M recovery fund for WazirX hack victims
CoinSwitch expects it will take two years to distribute $70 million in recovery funds to WazirX users who lost money due to an alleged cyberattack last year. Source link
Bankrupt Cryptopia exchange distributes $225M to hack victims
Initially owing creditors $4.2 million, Cryptopia’s liquidator Grant Thornton has distributed at least $225 million in crypto to hack victims in December. Source link
Crypto exchange XT.com suspends withdrawals amid $1.7M hack report
XT.com has issued a statement acknowledging an “abnormal transfer of platform wallet assets” but hasn’t confirmed the $1.7 million hack yet. Source link
