Binary trading platforms with better performance and payouts
crypto hack
The crypto industry faced another turbulent first half of the year, with $2.24 billion lost to hacks between January and … Continue reading
The post $2.24 billion stolen in crypto hacks in H1 2025 – Finbold report appeared first on Finbold.
The attack targeted pools tied to GMX liquidity tokens, specifically “cauldrons” using GM tokens as collateral.
Larsen confirmed the incident in January, where he clarified the hack affected only his personal accounts, not Ripple’s corporate wallets.
The neobank offered the perpetrator 20% of the stolen funds to return the money within 48 hours, threatening legal action otherwise.
Hacker have moved the stolen assets to decentralized exchanges.
Crypto users lost some $2 billion due to hacks, scams and exploits throughout 2023, one report said.