Fantom Seeks Money Back From Multichain’s $200M Exploit
The move aims to enable victims to “partially recover” assets lost in one of the biggest exploits of 2023.
Binary trading platforms with better performance and payouts
Exploits
The move aims to enable victims to “partially recover” assets lost in one of the biggest exploits of 2023.
Over $120 million in XRP was stolen from Ripple Labs Executive Chairman Chris Larsen earlier this week.
Orbit Chain, a platform that interacts and transacts with various blockchains, has lost $81 million after hackers exploited the platform’s cross-chain bridge.
The figure is roughly half the estimated $4.2 billion of 2022, a year that also included $40 billion lost through the collapse of Terra, Celsius and FTX.
DeFi hacks represented 2% of total value locked across decentralized protocols in 2023. (fikry anshor/Unsplash, modified by CoinDesk)
The exploit reportedly prompts users to connect their wallets via a pop-up, triggering a token drainer.
Sometimes, the law is the law, industry experts say.
The duo will help companies adhere to crypto regulations and advance anti-money laundering compliance programs.
Cryptocurrency exchange Poloniex has had its hot wallets drained by hackers with an estimated loss of around $60 million.
Coinbase received 570 ETH, the second-largest payout tied to MEV in Ethereum’s history, to process transactions related to the Curve exploit.