Tag Archives: hack

Korean Crypto Exchange Upbit Suffers $50 Million ETH Hot Wallet Hack

Upbit, South Korea’s largest cryptocurrency exchange by market-share and trading, has been hacked. At the moment, all trading activities, deposits, and withdrawals are temporarily suspended. On Nov. 27, Lee Seok-woo, the CEO of Dunamoo, the company that operates Upbit, confirmed in an official statement that 342,000 ETH was transferred from Upbit’s hot (online) wallet to an unknown wallet. Continue reading Korean Crypto Exchange Upbit Suffers $50 Million ETH Hot Wallet Hack

Still Reeling From $54 Million Bitcoin Hack, Binance Sues Sequoia Capital

Binance CEO Changpeng Zhao — who is still reeling after a $54 million bitcoin hack — is suing Sequoia Capital China, a unit of California-based venture capital firm Sequoia Capital. Continue reading Still Reeling From $54 Million Bitcoin Hack, Binance Sues Sequoia Capital

Hack Fund, blockchain venture fund’s analysis

Security token offerings-STOs have been taking the crypto space by storm this year. With governments worldwide imposing sales regulations on ICOs, Blockchain enterprises and crypto-enthusiasts are looking for a viable alternative. STOs appear to be the answer. Last year it was observed that the number of STOs saw a meteoric rise as the number of ICOs tapered. Data suggests this trend can be extrapolated to this year as well. Continue reading Hack Fund, blockchain venture fund’s analysis