What Went Wrong In The Crypto.com (CRO) Hack? Experts Weigh In
The Crypto.com hack is less than a week old and still very fresh in the minds of investors in the space. In what was a brief attack, the hackers were able to access a portion of users’ accounts on the platform and steal their funds. In this report, we ask a couple of experts in […]
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The crypto world just got another painful reminder: keeping your assets in the wrong place can be an expensive mistake. This time, 1inch, a popular decentralized exchange aggregator, has fallen victim to a $5M hack. The culprit? A vulnerability in the Fusion v1 smart contract. If this sounds familiar, it’s because it happens all too […]
Hacks like these are not out of the ordinary in the Bitcoin world, yet none of them succeeded in keeping the cryptocurrency down. Although the past week and a half have not been overly positive for Bitcoin, the cryptocurrency remains very resilient. The Bitfinex hack could have easily crippled any other currency or investment vehicle, but not Bitcoin. Although some media outlets blame this as the Bitcoin network being hacked, nothing could be further from the truth. An Exchange Is Not The Bitcoin Protocol. To put things into perspective: a Bitcoin exchange being hacked does not mean there....
Any chief economist will always favor an outcome positively affected the institution they work for. Financial experts and chief economists are often tasked with gauging the potential impact of a situation. The Bank of England’s Chief Economist made a grave miscalculation as far as the Brexit is concerned. Andrew Haldane admits his forecasts are incorrect, and his profession needs to adapt to regain public trust. Irrational behavior is hardly ever accounted for in the financial sector, even though it is a valuable indicator. Chief economists are slowly becoming a dying breed. Financial....
The colossal $1.5 billion hack of Bybit last week has set off fierce discussions across the crypto community, with some industry voices contending that Ethereum’s design might have played a role. The theft of approximately 401,000 Ether (ETH)— orchestrated by the North Korean Lazarus Group—has raised questions about whether Ethereum’s complexity makes its ecosystem uniquely […]
Australian, Canadian & U.K. crypto investors may potentially claim hacked crypto as a tax loss, but U.S. investors will miss out, according to tax experts. For unlucky crypto investors looking to turn lemons into lemonade — it turns out that digital assets lost during an exploit or hack can potentially be claimed as a tax loss, provided you live in the right country, experts told Cointelegraph. Following the news that more than 8,000 Solana wallets had been compromised and that an estimated $8 million dollars in crypto had been stolen due to a security breach in Web3 wallet provider....