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Here’s How Much Was Lost to Crypto Hacks and Exploits in November: Data

Here’s How Much Was Lost to Crypto Hacks and Exploits in November: Data

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The crypto market has just witnessed its worst month in 2023 in terms of exploits, with criminals carting away assets worth hundreds of millions of dollars through various attacks. Blockchain security firm CertiK revealed in a tweet that bad actors stole approximately $363 million across more than 14 incidents. #CertiKStatsAlert🚨 Combining all the incidents in …

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Here’s How Russians Dodge Sanctions to Use Int’l Crypto Exchanges

Here’s How Russians Dodge Sanctions to Use Int’l Crypto Exchanges

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Russian crypto holders have reportedly used simple workarounds to evade sanctions – and trade on overseas crypto exchanges. In the wake of the war in Ukraine, Western leaders have imposed sanctions on most leading Russian banks. Account holders at these banks, thus, are effectively blocked from using fiat on/off ramps at major international crypto exchanges. …

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Here’s How Much Ripple (XRP) Was Stolen in the Poloniex Attack

Here’s How Much Ripple (XRP) Was Stolen in the Poloniex Attack

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TL;DR Poloniex Hack: Cryptocurrency exchange Poloniex was hacked on November 10, losing $125 million in various cryptocurrencies from its hot wallets, including 3.1 million XRP tokens. Widespread Token Impact: Over 175 different tokens were affected, with major losses including $11M in USDT, $10.4M in ETH, and $6M in ELON, indicating a highly sophisticated and extensive …

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Here’s When Binance Will Stop Russian Ruble Deposits

Here’s When Binance Will Stop Russian Ruble Deposits

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Cryptocurrency exchange Binance has announced the suspension of Russian ruble (RUB) deposits starting from November 15, 2023. This decision by the company comes following its recent announcement regarding the sale of its entire Russian business to CommEX. In a November 10 announcement, Binance said it would be stopping Russian RUB deposits as of 00:00 on …

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Here’s What Tokens Were Stolen In The $125 Million Poloniex Hack

Here’s What Tokens Were Stolen In The $125 Million Poloniex Hack

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Over 175 different tokens with valuations exceeding $10,000 were stolen as part of a massive hack against the U.S.-based crypto exchange Poloniex on Friday, according to on-chain data. Since earlier today, estimates of the funds stolen in the hack have expanded to $125 million. What Hackers Took From Poloniex According to an X post from …

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Here’s Why Loom Price Is Down Over 70% in The Last 4 Days

Here’s Why Loom Price Is Down Over 70% in The Last 4 Days

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TL;DR Loom Network’s Price Surge: The LOOM cryptocurrency saw a significant price increase, rallying 1000% since September, moving from a range of $0.04-$0.06 to an all-time high (ATH) of $0.343. The sudden price rise made it trend on CoinMarketCap and placed it among the top 100 cryptocurrencies in terms of market capitalization. Speculated Cause of …

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Here’s What You Need to Know About Crypto Regulatory Roadmap Approved by G20

Here’s What You Need to Know About Crypto Regulatory Roadmap Approved by G20

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Finance Ministers and Central Bank Governors (FMCBGs) from G20 nations, under the Indian Presidency, have announced unanimously adopting the ‘G20 Finance Ministers and Central Bank Governors Communique’ during its meeting in Marrakesh, Morocco. This comes a month after the G20 member nations accepted the crypto regulatory roadmap outlined in a collaborative report titled “IMF-FSB Synthesis …

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Here’s What SBF’s Ex-Girlfriend Said In Court About the FTX Fraud

Here’s What SBF’s Ex-Girlfriend Said In Court About the FTX Fraud

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Former Alameda Research CEO Caroline Ellison took the stand on Tuesday to testify to the alleged crypto fraud led by her and her ex-boyfriend, Sam Bankman-Fried. Ellison claimed that Alameda took over $10 billion FTX customer to pay off its loans, all at Bankman-Fried’s order. Caroline Ellison Speaks As summarized by Inner City Press on …

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