Hack

San Francisco, United States, September 9th, 2024, Chainwire Innovative startup from Ethereum Core research, Google Brain, Stanford, MIT, and CMU aims to democratize on-device intelligence, empowering users with control over their personal AI, and receiving investment from a16z CSX, Hack VC, and investors from projects like Solana, Polygon, Near, Worldcoin, etc. PIN AI, a pioneering AI infrastructure company, announces $10 million in pre-seed funding to develop the world’s first open-source Personal Intelligence Network (PIN). A16z CSX, Hack VC, and notable…

The post WazirX Hack Update: Exchange Freezes Open Orders, Users Concerned appeared first on Coinpedia Fintech News WazirX, one of the biggest cryptocurrency exchanges in India has made some serious moves after the $230 million hack that transpired on the platform recently. As part of its continual operational recovery, the exchange declared that all open orders on the platform had been deactivated. The decision made will be applicable to address the problems that relate to INR and crypto balances that…

The post WazirX Hack: Google Subsidiary Mandiant Clears Exchange, Custodian Liminal in the Spotlight appeared first on Coinpedia Fintech News A recent cyberattack on WazirX, one of India’s largest digital currency exchanges, saw $230 million stolen after an investigation by Google Subsidiary, which found that WazirX was not breached at all. The hack of its multi-sig wallet reduced WazirX’s assets by almost 45%. As for the specifics of the security breach, the report prepared by Mandiant said that it was…

The post Crypto Hack Alert: North Korean Devs Behind $1.3M Crypto Theft from Over 25 Projects appeared first on Coinpedia Fintech News ZachXBT, an on-chain blockchain investigator, has uncovered a complex crypto scam that resulted in the theft of $1.3 million from a project’s treasury. The breach was traced back to malicious code inserted by developers who were later identified as North Koreans, working for the regime while using fake identities. This discovery has sparked concern in the crypto community,…

The post Weekly Crypto Hack Report: Largest Incidents and Financial Losses  appeared first on Coinpedia Fintech News As with many other types of cryptocurrencies, breaches exemplify remaining deficiencies and reveal their potential for producing severe financial harm. This week’s report begins with exploring fresh and prominent hacking-related stories that happened in the industry, and the analysis of the hacks witnessed in detail. Ronin Bridge Exploit: $12 million withdrawn due to Contract vulnerability The Ronin Bridge project was one of the…

The post Unizen Hack Update: Over $2 Million Laundered by Hacker Through Tornado Cash appeared first on Coinpedia Fintech News The hacker from the March 2024 Unizen exploit has over $2 million laundered through the Tornado Cash mixer. The cyber security firm Peckshield Alerts reported that the attacker has laundered 865.4 ETH, equivalent to about $2.16 million obtained from the exploit wallet.  This activity occurred 151 days after the first attack which was a loss of $2.1 million owing to…

The post Weekly Crypto Hack Report: From Convergence Finance to Terra’s $5M Loss appeared first on Coinpedia Fintech News Dark days for the crypto community as major hacks have unveiled numerous weaknesses in various broad venues. The exploits have not only been costing pretty tangible financial repercussions but have also caused trust deficits in these platforms. Tune in with us as we work and bring them out for you in our week’s hack report! Convergence Finance Breach Convergence Finance was…

The post Analyzing the WazirX Hack: What Went Wrong and Who’s to Blame? appeared first on Coinpedia Fintech News WazirX, an Indian exchange, on July 18, 2024,  lost more than $230 million of the client’s assets due to a hack. This unfortunate hack has led to more info coming to light after a pseudonymous blockchain analyst Boring Sleuth revealed flawed securities and deceptive actions by wazirx wazirx Centralised ExchangeCrypto trading and Information A recent investigation by Boring Sleuth mainly involved…

The post Massive Hack on Convergence: $210,000 Stolen in Minutes! appeared first on Coinpedia Fintech News After millions of funds were lost in crypto in the month of July, the start of a new month brought a new hack to the crypto community. In a shocking event, decentralized finance protocol- Convergence got exploited out of $210,000. This has seriously rattled the crypto community.Let’s explore how this attack happened and what impact it created. The Exploit Uncovered An unknown attacker found…