Justin Sun Admits $8M HTX Hack, Offers 5% for Return of Stolen Funds’
By
Tolu Ajiboye
According to Sun, all customer funds are safe as the ETH stolen via the hack is only two weeks’ worth of the average HTX revenue.
Cybersecurity News
Stay up to date on the latest news stories, articles and technical coverage on cybersecurity, cybercrime, ransomware, infosec, hacking and much more
Huobi Global Reportedly Loses Nearly $8M in Fresh HTX Hack
HTX has announced that the hacker has until October 2, 2023, to return the funds.
DeFi Platform Mixin Network Faces $200 Million Crypto Hack
Mixin Network immediately suspended the deposits and withdrawals stating that they would soon announce their decision to deal with the lost assets.
Cisco Acquires Cybersecurity Firm Splunk for Massive $28B in Cash
This is Cisco’s largest acquisition till date as the company plans to amp up its cybersecurity division to boost the company’s revenue.
Billionaire Mark Cuban Loses $870K in Fresh Crypto Scam
Luckily, Cuban was quickly alerted and managed to move over $2.5 million worth of other crypto he had on Polygon to a Coinbase exchange address.
Crypto Exchange CoinEx Drained of $27M in Latest Fraud
CoinEx has reassured all its customers that all the affected parties shall receive a refund of 100%. The exchange also said that it would release a detailed report soon.
Vitalik Buterin’s X Account Compromised as Hackers Drain Nearly $700K in Crypto, NFTs
Although these attacks are on the rise, many believe that some of them may simply be the account owner’s fault.
Crypto YouTuber Losses $60K after Exposing Seed Phrases on Live Stream
August saw the crypto industry lose around $24 million in virtual assets due to various hacks and exploits.
FTX Customers Hit by Fresh Email Phishing Attack
Proactively, the platform has placed a temporary freeze on affected user accounts within the customer claims portal.
Balancer Loses $900,000 to Security Vulnerability Despite Prior Warning
The attacker managed to transfer Dai stablecoins twice. The initial transfer was $636,812, followed by a subsequent transfer of $257,527, aggregating to a total stolen amount of around $900,000.
Cybersecurity News
Stay up to date on the latest news stories, insights, articles, and technical reports on cybersecurity, malware, cybercrimes, ransomware, information security, social engineering, hacking, crypto-jacking and many more at Coinspeaker.
Cybersecurity involves the protection of confidential data on web linked systems vulnerabilities and cyber theft. Internet-driven businesses employ the use of cybersecurity tools to avoid unauthorized access to their computer and data centers.
Cybercrime remains one of the major threats to businesses and internet investors in the tech space. Every day, we get stories on events of online theft, and going by the predictions of tech experts, the rate of global cybercrimes is expected to get worse in the coming years if drastic measures are not put in place.
Tech giants such as IBM, Amazon, Microsoft, Cisco, etc. have invested billions in Cyber Security with the hope of minimizing the rate of cyber-crimes across the globe.
The spread of malicious attacks and internet fraud continues to increase yearly, leaving a ruin of lives and assets in its wake. Luckily, the world has firms such as the ones listed above to fight for it, as the government can only do so much. Therefore, with these cybersecurity companies in existence, one can only hope that the war on cybercrime is won.
The battle to put an end to cybercrimes has been on for some time, and no matter how things may seem today, it would have been worse if not the help of certain cyber security firms.
According to export reports, over $3 trillion was lost worldwide to cybercriminals in 2015 alone, and if no solution is put in place to curb the rate, the stakeholders could be losing up to $6 trillion by 2021.
Cybersecurity news today brings you closer to the tech world by offering cutting edge updates on events relating to cybercrimes and theft.
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