In a recent development observed by onchain alerts, the entity responsible for exploiting the Heco bridge and siphoning off millions in ethereum late in November 2023 from the conduit bridge connecting Ethereum and the Heco blockchain, transferred 40,391.8 ether to the mixing platform Tornado Cash. Heco Bridge Exploiter Transfers Millions Worth of Ether to Tornado…
Read more
Source: AdobeStock / Ascannio The Financial Conduct Authority has added cryptocurrency exchange Poloniex to its warning list of firms that may not be fully authorized to render trading services in the country. In an official publication on Dec 6, the financial regulator warned users from dealing with the company adding that the firm may be…
Read more
Source: HTX Digital asset exchange HTX has resumed deposits and withdrawal services for major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and others after it was drained for $30 million. In an announcement on Nov 26, the exchange said services have been restored for certain virtual assets via the ERC20 blockchain adding that many more services…
Read more
In the aftermath of September’s HTX breach, along with the subsequent attacks on Poloniex and Heco Bridge in November, HTX faced yet another security breach on November 23, resulting in a loss of $30 million. HTX announced its commitment to “fully compensate” for the financial damages caused by the hack. Additionally, on Friday, Tron’s founder,…
Read more
Numerous sources have reported that the Heco Bridge, a cross-chain conduit linking Ethereum with the Heco blockchain, has suffered a security breach, resulting in a loss of $86 million. Subsequent to the heist, the stolen funds were redirected to various decentralized exchange (dex) platforms. Major $86 Million Theft Hits Heco Bridge In a recent setback…
Read more
Source: AdobeStock / Ascannio Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Investment news Digital asset marketplace Bakkt Holdings announced international and domestic expansion. Per the press release, it plans to expand crypto capabilities into numerous international markets with existing and…
Read more
Onchain data and reports have highlighted unusual outflows from cryptocurrency exchange Poloniex, prompting concerns of a possible hot wallet breach worth approximately $114 million. Justin Sun, the exchange’s proprietor and Tron’s creator, has stated that the incident is under investigation. Poloniex’s Hot Wallets Breached in $114M Hack The breach at the centralized digital currency platform…
Read more
Blockchain security firm, Peckshield has flagged suspicious activity on a wallet owned by centralized cryptocurrency exchange Poloniex suggesting alleged losses of over $60 million. The company has not disclosed the actual amount that was stolen but on-chain data outflows to the receiving wallet places the figure around $60 million. Following the disclosure of the hack,…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Poloniex to Pay $7.6M in Settlement with US Authority, Complaint Alleges Coinbase Violated Illinois’ Biometric Information Privacy Act, 3AC-founders’ OPNX Reprimanded by Dubai Regulator Read more »Sign up…
Read more
OFAC said Poloniex allowed users in Crimea, Cuba, Iran, Sudan and Syria to conduct digital asset trades, deposits and withdrawals between January 2014 and November 2019. The United States Treasury Department’s Office of Foreign Asset Control (OFAC) announced cryptocurrency exchange Poloniex has agreed to a $7.6 million settlement related to more than 65,000 apparent violations…
Read more
