Crypto Thieves Pivot To Phishing As Protocol Hacks Decline In February
Bybit blocked more than $300 million in unauthorized withdrawals during the final quarter of last year — a figure that puts February’s total crypto theft losses in sharp relief. According to security firm Nominis, close to $50 million was stolen across the entire crypto industry last month, a fraction of what Bybit alone says it…
After $234M Hack, WazirX Gets Court Approval For Major Rebuild
Singapore’s High Court has given the green light to a restructuring plan for crypto exchange WazirX, clearing a major obstacle in the company’s effort to repay users after last year’s large theft. According to reports, the court’s approval on October 13 allows the exchange to move ahead with a court-supervised recovery process tied to the…
Against The Tide: SEI Climbs 16% As Market Wobbles Post Bybit Hack
The cryptocurrency token SEI has actually stood out as a noteworthy example of market endurance, which was further confirmed by this token posting a solid 16% within the previous week. Obviously, the token’s performance came on the back of a gloomy mood in the cryptocurrency markets after the Bybit security breach and what came thereafter…