BingX, a Singapore-based crypto exchange, has suffered a hack targeting its hot wallets. The attack affected several blockchains, with Cyvers Alerts estimating a total loss of over $52 million. BingX Confirms Hot Wallet Hack The incident was initially detected by blockchain security firm PeckShield, which reported a “suspicious significant fund …
security
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BingX $43 Million Crypto Hack: How 360 Altcoins Were Targeted in This Major Attack!
by Elena Rby Elena RThe latest cryptocurrency exchange hit by hacking was confirmed to be BingX based in Singapore where it initially lost $26 million due to hacking. More than 360 altcoins which include some of the biggest coins such as 4. 44 million USDT, 1. 04 million WUSD, and 9. 38 BTCB ($590,000) …
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PeckShield, a blockchain security company, initially detected suspicious transactions at approximately 00:37 UTC. Initial reports suggested an outflow of around $13.6 million. BingX Has Paused Withdrawals Following this, several crypto security platforms conducted a more thorough examination and confirmed that BingX had been compromised. On-chain analysis firm Lookonchain detailed the …
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Much to the surprise of many, a Texas federal judge has dismissed a lawsuit filed by Consensys against the U.S. SEC. The software development firm filed a lawsuit against the SEC and its five commissioners including Gary Gensler. This suit accused them of attempting to regulate Ether as a security. …
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Solana Labs’ mobile subsidiary, Solana Mobile, has announced the launch of its second crypto-focused smartphone, the Seeker, which will ship in 2025. The new device, unveiled during the Token2049 event in Singapore, promises hardware and software improvements over its predecessor, Saga. Seeker’s Capabilities “We’ve been deep in build mode for …
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A lawsuit brought by Ethereum software giant Consensys against the U.S. Securities and Exchange Commission (SEC) was dismissed by a U.S. district judge on Thursday, who wrote that the firm’s claims were ultimately “moot” because the agency’s alleged actions were not “final.” “Because Plaintiff has not identified final agency action …
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Token2049 Highlights: Vitalik Buterin Sings Ethereum Song, Certik Announces Free Security Tools, and More
by Oihyun Kimby Oihyun KimThe event covered everything from Ethereum’s growth to new partnerships in sports and AI, highlighting how the industry continues to evolve. Vitalik Sings Ethereum’s Progress: Fees, Speed, Future Ethereum creator Vitalik Buterin surprised Token2049 attendees by delivering his speech in the form of a concert. Despite the unusual presentation, he …
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The US Securities and Exchange Commission (SEC) has requested a four-month extension to complete fact discovery in its lawsuit against Coinbase. In a letter submitted to Judge Katherine Polk Failla on Sept. 18, the SEC asked to move the current discovery deadline from Oct. 18 to Feb. 18, 2025. The agency …
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Nazarov also noted that Chainlink is ready to take advantage of this shift in the blockchain space. Nazarov anticipates an interconnected world where decentralized finance (DeFi) and TradFi actively transact with each other. Acknowledging the growing interest in tokenized RWAs, he says TradFi would be DeFi’s largest customer. Speaking at …
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The official X account of Decentraland, a virtual reality platform, has been hacked, with attackers advertising a fake MANA token airdrop. On September 19, PeckShield alerted the public in a post on X that Decentraland’s official account had been compromised. Details of the Breach The blockchain security firm urged users …