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The Great Bitrue Robbery: Hackers Make Off With A Whopping $23M
Friday, April 14, 2023 - 11:00am | 456Singapore-based cryptocurrency exchange Bitrue on Friday announced that hackers had stolen $23 million from one of its wallets. The exchange did not provide details on how the attack occurred. In a tweet, Bitrue stated, "We have identified a brief exploit in one of our hot wallets on 07:...
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Bitzlato Set To Resume Operations And Allow Partial Withdrawals Despite Money Laundering Charges
Tuesday, January 31, 2023 - 5:05pm | 254The co-founder of Bitzlato, a Hong Kong-based crypto exchange that faced money laundering charges and had its servers seized in an international operation, has announced that the company plans to resume operations and allow partial withdrawals. Anton Shkurenko stated in a Russian YouTube interview...
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Why Cold Crypto Wallets Trending Again — Are They The Best Way To Store Cryptocurrencies?
Wednesday, November 30, 2022 - 4:18pm | 803Even though 2021 was the best year for digital assets such as cryptocurrencies and non-fungible tokens (NFTs), 2022 has been a washout in comparison and has seen cryptocurrency prices fall to pre-COVID-19 levels, wiping out trillions of dollars worth of investor wealth in the process. Making...
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Deribit Hot Wallet 'Compromised,' Suffers $28M Hack: Are Client Funds Safe?
Wednesday, November 2, 2022 - 1:19pm | 433Cryptocurrency derivatives exchange Deribit has ceased withdrawals, following a $28 million hot wallet attack. “Deribit hot wallet compromised, but client funds are safe and loss is covered by company reserves," the company stated. "Our hot wallet was hacked for USD 28m earlier this...