Centralized Exchanges (CEX) | ForkLog

ForkLog 10 31.07.2024

Cyvers: CeFi Accounts for 70% of Losses from Hacker Attacks

Centralized finance (CeFi) projects are set to become the primary target for hackers in 2024, according to Cyvers co-founder and CEO Deddy Lavid in an interview with Cointelegraph. He noted that CeFi organizations account for approximately 70% of incidents in terms of lost funds and the number of exploits. “Meanwhile, the number of attacks on […]

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ForkLog 8 30.07.2024

A listing boom: why quantity has not meant quality

The number of new coins on exchanges is soaring. In the first half of 2024, listings on CEX already surpassed the tally for all of 2023. According to Bloomberg’s estimates, the trading rosters at leading venues added 240 coins and tokens over the past six months. Experts attribute the frenzy to bitcoin’s rally after the […]

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ForkLog 41 30.07.2024

KuCoin Unveils GemSlot Platform for Earning Project Tokens

The cryptocurrency exchange KuCoin has launched the GemSlot platform, which rewards clients with tokens from new projects for completing tasks, according to a press release.

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ForkLog 10 30.07.2024

Decentralized Exchanges Reach Record Trading Volume Share

In July, the spot trading volume on decentralized exchanges (DEX) relative to centralized exchanges (CEX) reached a historic high, surpassing 14.3%. This is according to data from The Block Dashboard. The last time the figure approached these levels was in May 2023, at 13.7%. In monetary terms, July’s trading volume on DEX reached $144.2 billion. […]

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ForkLog 19 30.07.2024

WazirX Faces Backlash Over ‘Social Loss Strategy’

Following a $230 million hack on WazirX, which accounted for 45% of all client funds, the exchange team proposed a ‘fair and transparent social loss strategy.’ The initiative offers immediate access to the majority of assets (55%), while maintaining the possibility of further recovery for ‘those who prefer to wait.’ ‘By pooling losses, we ensure […]

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ForkLog 15 29.07.2024

CoinW Launches $100,000 Program for Crypto Bloggers

The cryptocurrency exchange CoinW has introduced a support program for content creators focusing on digital assets in Russian, Ukrainian, Uzbek, and Kazakh languages. The top 100 bloggers will receive 1000 USDT each for YouTube videos or Telegram posts. The contest will run until August 31. To participate, one must: register on CoinW; post a review […]

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ForkLog 6 20.07.2024

WazirX Offers Reward for Assistance in Fund Recovery

Following a $234.9 million hack, Indian cryptocurrency exchange WazirX has filed a report with law enforcement and initiated preparations to recover client assets. ? Update: In response to the cyber attack, we have filed a police complaint and are pursuing additional legal actions. We will keep the community updated as we proceed. » Immediate Actions: […]

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ForkLog 12 18.07.2024

North Korean Hackers Implicated in WazirX Breach, Says Elliptic

Analysts at Elliptic tracked the movement of funds stolen from the Indian cryptocurrency exchange WazirX, which was breached today, July 18. They concluded that North Korean hackers were behind the cyberattack. The total damage from the breach is estimated at $235 million at the time of writing. More than 200 different digital assets were stolen, […]

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ForkLog 13 18.07.2024

Mt.Gox Creditors Report Account Hacking Attempts

Clients of the defunct Mt.Gox exchange have taken to the subreddit r/mtgoxinsolvency to report widespread attempts by unknown parties to access their accounts on the platform. Some users speculate that the perpetrators are employing a brute force method. In all instances, two-factor authentication has thwarted the hackers. These reports emerged following the transfer of crypto […]

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ForkLog 23 18.07.2024

Indian Cryptocurrency Exchange WazirX Hacked for $234.9 Million

On July 18, Cyvers Alerts reported a breach of the Indian cryptocurrency exchange WazirX. ?ALERT?Hey @WazirXIndia, Our system has detected multiple suspicious transactions involving your Safe Multisig wallet on the #ETH network. A total of $234.9M of your funds have been moved to a new address. Each transaction’s caller is funded by @TornadoCash. The suspicious… […]

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ForkLog 14 17.07.2024

FTX and CFTC Reach $12.7 Billion Settlement Agreement

The bankrupt cryptocurrency exchange FTX and the CFTC have reached a $12.7 billion settlement following months of negotiations, as reported by The Block. Back in 2022, the CFTC accused former FTX CEO Sam Bankman-Fried and the affiliated Alameda Research of actions that led to customer losses of $8 billion. Initially, the agency pursued a claim […]

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ForkLog 15 16.07.2024

Mt.Gox Bitcoin Transfers Shake Market with $6 Billion Move

The bankrupt exchange Mt.Gox has transferred 47,229 BTC ($2.99 billion) and 48,641 BTC ($3.1 billion) to unidentified addresses, according to data from Arkham. 16 July 2024 | 14:30Update: One of the major recipients of creditors’ assets—bitcoin and Bitcoin Cash—is the American exchange Kraken. Data: Arkham. Previously, the platform moved 44,527 BTC (~$2.84 billion) between internal […]

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