Ethereum users continue to accumulate despite DeFi hack, ETH 2.0 uncertainty

It’s been a boring past few weeks in the crypto markets.

The post Ethereum users continue to accumulate despite DeFi hack, ETH 2.0 uncertainty appeared first on CryptoSlate.

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DeFi Protocol dForce Successfully Compensates All Users After Last Week’s $24.95 Million Hack

Chinese decentralized finance (DeFi) protocol, dForce was hacked last week but the startup promised to make users whole again. The platform announced that it has fully compensated the victims through the funds that the hacker returned.

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DeFi Project dForce Refunds All Affected Users After $25M Hack

The Lendf.me smart contract was hacked on April 29, but then, curiously, the funds were returned two days later.

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Happy Ending of Ethereum DeFi Hack Still Leaves Much to Be Desired

It has been a tumultuous ride for users of Ethereum’s decentralized finance (DeFi) over the past few days. The evening of April 18th saw DeFi protocol Lendf. me go into a tailspin, with the protocol’s primary address bleeding funds at a rapid clip.

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Cryptopia Update: Victims of Hacked Bitcoin Exchange to Receive $100M Compensation

A Christchurch High Court has ruled that over 800,000 users of the now-defunct cryptocurrency exchange platform Cryptopia, are entitled to the digital assets held in their accounts before the hack occurred.

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Court Classifies Crypto As ‘Property’ After Cryptopia Exchange Hack; Funds Returning to Users

The High Court of New Zealand ruled on April 8, 2020, that the cryptocurrencies are beneficially owned by the account holders and aren’t the assets of the company, on the basis that cryptos are “property” under Companies Act and cryptos were held on multiple trusts.

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High Court Delivers Judgement on User Assets at Hacked Exchange Cryptopia

Users at the now-defunct exchange Cryptopia are the co-beneficiaries of trusts that contained their assets prior to the platform’s hack

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Cryptopia Users Win Victory in Court Case Over Crypto Assets Worth Over $100M

In the fallout from a massive hack of the New Zealand cryptocurrency exchange, users at last have a little good news.

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Iota Founder Confirms He Will Repay Victims of $1.97 Million Hack

Iota’s founder will personally repay the 8.52 million MIOTA that were stolen from 46 Iota users in last month’s attack

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Crypto Investment Fund Suffers Hack Exposing Data of 266,000 Users: Report

The personal data of about 266,000 people registered with the fund may have been exposed.

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IOTA Urges Users To Use New Seed Migration Tool After Trinity Wallet Hack

Following IOTA’s recent hack on its Trinity Wallet, the development team is urging the users to protect their wallets by changing their passwords and implementing a secure way for users to protect their funds.

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Upbit Continues to Freeze Crypto Withdrawals For Foreign Users

South Korean crypto exchange, Upbit, started to block withdrawals for its foreign users back in December 2019. Initially it was thought to be in response to the hack that took place, but now it seems it may have something to do with the company’s outstanding tax fine.

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IOTA (MIOTA) Urges Trinity Owners to Protect Their Wallets, Here?s How

After the recent hack faced by IOTA?s Trinity Wallet, the IOTA team is urging users to protect their balance stored on crypto wallets, providing the necessary tool for it

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Upbit Exchange Resumes Ether Services Months After $49M Hack

Upbit said users will need to create new wallet addresses to resume trading.

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Hashpower Broker NiceHash Can’t Promise to Fully Reimburse Hack Losses

Hashpower rental marketplace NiceHash has frozen its repayment program for users affected by a major hack in Dec. 2017 due to insufficient cash flow

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Last Week Today: Bitcoin and Cryptocurrency Weekly Digest August 1st-8th

Binance KYC Data Leak Drama An Indictment Of Vulnerable Services Built Around Bitcoin In a data leak which is speculated to be linked to the hack back in May, which resulted in a theft of 7000 BTC from the exchange, nearly 60,000 Binance users' KYC data has been reportedly compromised. After failing to extort 300 […]

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BNB Dumps and Pumps on KYC Hack

Binance’s stock like token (BNB) began falling somewhat yesterday on rumors the identification documents of thousands of exchange users had been hacked. Binance itself denied it, stating their identification documents.

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Binance Investigating Alleged Leak Of Users' KYC Images

In what is said to be related to Binance's May hack that saw the crypto exchange lose 7,000 bitcoin, an individual claims to be in possession of more than 60,000 images Binance customers uploaded to the platform as part of the know-your-customer process.

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Binance KYC Hack: CZ Denies That Scammers Stole Thousands Of Users Data

Reports have been going around that the Binance Crypto exchange was allegedly hacked as “Thousands of KYC users data” were on Telegram messenger. The solicitude of the major exchange users occurred when the photos of passports and identity cards allegedly owned by Binance users appeared on the Telegram channel named “FIND YOUR BINANCE KYC”.

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Hacked BITpoint Exchange to Refund 50,000 Affected Users in Crypto

BITPoint Japan has said that the roughly 50,000 users who lost funds in its recent hack will be reimbursed in cryptocurrency on a 1:1 basis.

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Bitpoint Plans to Refund $30 Million to Hack Victims

Japanese crypto exchange operator Bitpoint pledged to compensate the victims of the recent hack. The company plans to refund about $30 million worth of cryptocurrency. About 50,000 Clients Affected by the Hack On Tuesday, Bitpoint published an update on its website, revealing the amounts of stolen crypto.

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55,000 cryptocurrency users affected in Bitpoint’s $28 million hack

Embattled cryptocurrency exchange Bitpoint has revealed that roughly half of its 110,000 users were affected by last week’s $3. 02 billion yen ($28 million) hack, reports The Mainchi. Speaking at a Tokyo press conference, Bitpoint president Genki Oda noted that of the 3.

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Bitpoint Suffers $32 Million Hack

Japanese crypto exchange Bitpoint announced it has been hit by a major hack, with malicious actors stealing $32 million worth of five different cryptocurrencies. A majority of the stolen funds were taken from the platform's users, with just over a quarter of the amount stolen from the exchange itself.

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Coinbase Looks To Set Up Regulated Captive Insurance Company

As an alternative to the standard crypto exchange practice of self-insurance, Coinbase is in talks with insurance broker Aon to set up a regulated captive insurance company to protect Coinbase and its users in the event of a hack.

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Bitrue Suffers $5 Million Hack, Suspends Trading

Hackers were able to breach the accounts of about 90 users of the Singapore-based cryptocurrency exchange, managing to steal 9.3 million XRP and 2.5 million Cardano, totaling $4.7 million.

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Bitrue Crypto Exchange Hacked: 9.3M Ripple (XRP), 2.5M Cardano (ADA) Stolen; Funds Insured

We were led to believe that the crypto infrastructure is becoming more secure, but it seems that hackers always see to be a step ahead when it comes to finding security vulnerabilities. Just after a month of the infamous Binance hack, Bitrue becomes the most recent victim.

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Reverse Pickpocket: Why Komodo Team Hacked Their Own Users

The cryptocurrency world is full of risks, from malicious hackers to unexpected bugs. But you’d never expect developers to hack their own users–and you’d be even more surprised if their next step was to give the stolen funds back.

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This Crypto Startup Hacks Its Own Users’ Wallets to Rescue $13 Million

By CCN: Better the thief you know than the one you don’t. Cryptocurrency platform Komodo has had to hack its users after discovering a serious security flaw in one of its wallets. According to a press statement by the blockchain startup, Komodo’s cybersecurity team was able to ‘sweep’ in and retrieve 8 million Komodo coins (KMD) and 96 Bitcoin before hackers got hold of the exposed loot.

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Cryptopia’s non-verified customers reportedly may not get funds back; Chaincreator offers to acquire platform

Cryptopia, the New Zealand exchange that closed its business because of hack that led to a loss of millions of dollars, would reportedly not be giving funds back to its unverified users, according to a Steemit report by Gary Johnston.

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QuadrigaCX And Cryptopia Users Had A Terrible January 14

On January 14, Cryptopia experienced its major hack and QuadrigaCX announced the death of its founder and CEO Gerald Cotten, causing users of both exchanges to experience frozen withdrawals. While the coincidence is enticing, the real connection between the two exchanges appears to be the lack of regulatory oversight.

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Flipboard hack exposed sensitive user data for over 9 months

Popular news aggregation platform Flipboard has disclosed a glaring security breach, which gave hackers unauthorized access to its database systems for more than nine months. As a precautionary step, it has reset all users’ passwords.

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Cryptopia’s Lack of a Backup Database can Cost Users Another $2 Million

There is never a shortage of controversy in the cryptocurrency world. Following its hack earlier this year, there have been a lot of questions regarding Cryptopia and how things would move on from there.

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Crypto Bulls Wrestle Back Control of BNB after Binance’s $40 Million Hack

By CCN: Binance, the leading cryptocurrency exchange in terms of volume, suffered a massive blow on May 7 when hackers ran away with 7,000 bitcoins. At the time, the total haul was valued at roughly $40 million.

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Bitcoin Wallet receives part of 5,000 BTC; speculated to be linked with wash trading and mixing

The cryptocurrency market has been a victim to multiple hacks where exchanges and users lost various cryptocurrencies. One of the recent examples was the Binance hack where 7,000 BTC were stolen from Binance’s hot wallet.

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Infographic: An Overview of Compromised Bitcoin Exchange Events

The purpose of this infographic is to visualize the size of large cryptocurrency hacks that have occurred in the past as if they all happened today. The hacks included in this infographic extend beyond exchanges, as there were other large entities that experienced cryptocurrency hacks, such as marketplaces like Silk Road 2.

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Latest Hack Sparks Concern Whatsapp Will Never Be Secure

Facebook’s popular messaging app with 1. 5 billion users in over 180 countries has another major vulnerability. Hackers were able to covertly install spyware on iOS and Android smartphones using Whatsapp with just a phone call.

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Could The Implementation of 3FA Reduce Hack Attacks To Crypto Exchanges?

As cryptocurrency exchanges continue to be hacked experts are thinking about new solutions and implementations to improve users’ security in these platforms. One of the solutions could be related to the development of 3FA.

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Does Cryptopia’s Failure Show Decentralized Exchanges are Crypto’s Future?

New Zealand exchange Cryptopia has gone into liquidation. Yesterday, rumors of another hack were circulating after users were unable to access the website. However, this morning, an announcement made on their Twitter account declared the company had ceased trading.

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RIP Cryptopia? Services Halted and Liquidators Appointed

After confirming a hack back in January where the New Zealand based exchange lost over 9% of its holdings, Cryptopia has once again shut down its services after an 8 hour downtime this time for good.

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Following Hack, Binance Plans System Upgrade

Popular cryptocurrency exchange Binance will be conducting a system upgrade on May 15, 2019, in the wake of a $40 million hack. Per an announcement that was published on the exchange’s blog, the scheduled system update will affect all transactions on the platform for about 6 to 8 hours.

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Cryptopia website down for around 8 hours; Users panic as speculations of another hack rise

Cryptopia, the New Zealand-based exchange that made headlines earlier this year due to a security breach, is back in the limelight. According to a Redditor, Fallenkeith2018, the exchange’s website has reportedly been down for around eight hours now, with the platform citing maintenance as a reason.

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Post hack, Binance Academy issues report cautioning users of cyber crime via mobile devices

Since the inception of cryptocurrency and Bitcoin [BTC], the ecosystem of virtual assets has witnessed major highs and lows. However, like everything, the world of cryptocurrencies also has its drawbacks.

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Binance CEO Changpeng Zhao Informs Users of Withdrawal and Deposit Exchange Features Back Active

After the 7th of May 2019 hack of the Binance Exchange, wherein 7,000 BTC, worth about 50 million dollars, was stolen, the exchange assured its users of improved security measures. The CEO of Binance, Changpeng Zhao, has however, Informed Binance users that deposit and withdrawal features will be available again next week. Withdrawal/Deposits Services Resumption […]

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Binance and Coinbase Traffic Spikes as Bitcoin Price Surges 81% YTD

Over a million internet users are visiting Binance every day as the cryptocurrency exchange manages a $40 million hack scandal amidst a bitcoin price boom. Toronto-based Kevin Rooke, known for his insightful crypto-related social media analysis, revealed that Binance’s daily average traffic had gone up by 13 percent in April.

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Binance Announces 'Significant' Security Changes Following Hack

Cryptocurrency exchange Binance has revealed that it will be revamping its security network to prevent a recurrence of the 7,000 BTC hack it experienced on May 78, 2019.

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Following Recent Hack, Binance Moves $8 Million Worth of USDT to New Cold Wallet

Binance’s recent hack has been the biggest news in the crypto ecosystem. The exchange lost 7,074 Bitcoin (BTC) worth $40 million at the time of the attack. The hacker mainly used complex technology, including fishing techniques and the implementation of viruses.

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Bitcoin [BTC]: 25,000 BTC moved between wallets as market sees spike in momentum

Bitcoin [BTC], the world’s largest cryptocurrency, has had a significant few weeks, with notable coin movements and hacks affecting its users. The recent Binance hack saw a sizable chunk of 7000 BTC being stolen from the world’s largest cryptocurrency exchange, but that did not seem to have had an effect on its usage rates.

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Binance Reveals Hack Information as Security Becomes a Public Concern

This article was originally published by 8btc and written by Vincent He. Since May 1, 2019, bitcoin’s price has been rising, reaching a top of over $6,000. As the whole cryptocurrency industry was enjoying the rise, an unexpected hack put a stop to the rise of bitcoin.

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Is Any Crypto Exchange Truly Secure?

In light of yesterday’s Binance hack, exchange security is back in the spotlight. Changpeng Zhao has reassured affected users they would be compensated for the loss of 7,000 bitcoins, and Binance has a reputation for excellence when it comes to security.

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Binance Hacked for $40M, CEO Backpedals on Recoup Via Block Reorganization

Chinese crypto exchange Binance suffered a major hack on Tuesday, which the company’s CEO responded to by proposing a rollback of the Bitcoin blockchain to rectify — a suggestion that riled up the community.

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