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In a single week in November 2022, FTX went from being one of the world's biggest and most trusted exchanges to a cautionary tale about the risk of crypto theft and loss. Its founder, Sam...
On 18 July 2024, the exchange suspended crypto trading. [ 7 ] [ 8 ] In January 2025, the Singapore High Court allowed Zettai PTE LTD, the parent company of WazirX to hold a meeting with creditors to vote on a proposed plan of recovery of lost assets.
In June 2018, South Korean exchange Coinrail was hacked, losing over $37M worth of crypto. [18] The hack worsened an already ongoing cryptocurrency selloff by an additional $42 billion. [19] On July 9, 2018, the exchange Bancor, whose code and fundraising had been subjects of controversy, had $23.5 million in cryptocurrency stolen. [20] [21]
The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. [1] Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.
The indictment says that several weeks before the FTX hack, the scheme looted $293,000 in virtual currency from one victim, and days later, stole more than $1 million in crypto from another person.
Countries may wish to restrict import of cryptography technologies for a number of reasons: Imported cryptography may have backdoors or security holes (e.g. the FREAK vulnerability), intentional or not, which allows the country or group who created the backdoor technology, for example the National Security Agency (NSA), to spy on persons using the imported cryptography; therefore the use of ...
The ransomware threat. The website, cryptosec.com, tracks a timeline of DeFi exploits over the past two years.By that documentation, DeFi protocols suffered close to 60 exploits in 2021, an ...
Cryptojacking is the act of exploiting a computer to mine cryptocurrencies, often through websites, [1] [2] [3] against the user's will or while the user is unaware. [4] One notable piece of software used for cryptojacking was Coinhive, which was used in over two-thirds of cryptojacks before its March 2019 shutdown. [5]