Shiba Inu Holders Targeted In Major Security Breach, How To Stay Safe
Shiba Inu holders have been placed on alert following a major security breach tied to TrustWallet’s crypto wallet extension. The incident has led to concerns across the crypto industry around browser-based wallets and the growing risks faced by retail-heavy communities. As one of the largest and most active ecosystems in crypto, members of the Shiba […]
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Shiba Inu, a dog-themed memecoin is in the spotlight as trillions of SHIB were reportedly stolen in a recent cybersecurity breach with the leading India-based cryptocurrency exchange, WaxirX. Reacting to the incident, Shiba Inu team member and marketing head, Lucie, in a heartfelt message has expressed her condolences to the SHIB holders affected by the […]
KuCoin reported a major security breach on Sep. 26, affecting Bitcoin, Ether, and ERC20 hot wallets while BTC and ETH prices remain unfazed. In an official statement, KuCoin Global CEO Johnny Lyu confirmed a major hacking attack on Sep. 26. The breach affected the firm’s Bitcoin (BTC), Ether (ETH), and ERC20 hot wallets, after private keys were leaked. Reports estimate the breach to have affected $150 million in user funds.Following the security breach, the price of Bitcoin barely moved, however. Other major cryptocurrencies, including Ether and decentralized finance (DeFi) tokens also....
Bitcoin lending platform Loanbase — formerly BitLendingClub — was the target of a recent security breach that saw a small number compromised user accounts lose at least 8 bitcoins. In an email sent to its customers yesterday, Loanbase revealed that it had discovered a security breach that occurred on the morning of February 6, 2016. The news was also shared on the company’s Facebook page, noting that the exploit targeted a security vulnerability in the WordPress blog. Preliminary investigation confirmed the breach of 4 user accounts and a loss of around 8 bitcoins (approx. $3000), although....
Digital currency exchange Localbitcoins suffered a security breach over the weekend, but was quick to respond by taking the site offline and reassuring clients that their bitcoins and user data are safe. The exchange described the attack as "very dangerous" and said it targeted the site infrastructure. The breach occurred on Sunday and allowed the intruder to briefly gain access to the server console. Hosting weakness. The attack appears to have been carried out with some good old-fashioned social engineering. Localbitcoins explained: "Localbitcoins hosting received a request to restart....
WazirX, one of India’s largest cryptocurrency exchanges, suffered a security breach on Thursday that resulted in the loss of $230 million, nearly half of its reserves. The exchange referred to the incident as a “force majeure event.” However, the repercussions extend beyond WazirX alone, casting a shadow of uncertainty over Shiba Inu (SHIB) holders. Panic Sell-Off Fears Rise Blockchain analytics firm Elliptic analyzed the breach, revealing that approximately $235 million worth of various crypto assets were lost, including Shiba Inu ($96.7 million), Ethereum ($52.6....