Fallout From WazirX’s $235M Exploit: Crypto Exchange Files Police Complaint
After being hit by a massive hack that resulted in the loss of $235 million for its investors on Thursday, India-based cryptocurrency exchange WazirX has taken immediate steps to mitigate the damage and filed a police complaint to recover the stolen funds. WazirX Launches Legal Pursuit In a recent update on the situation, WazirX published […]
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In the last day, X users have raised concern over a scam email following the recent million-dollar hack of the cryptocurrency exchange WazirX. This development comes as the management of WazirX rolls out several measures to recover the stolen funds. Related Reading: Fallout From WazirX’s $235M Exploit: Crypto Exchange Files Police Complaint Malicious Actors Exploit […]
A growing number of regulators worldwide have come after Binance. Thailand’s Securities and Exchange Commission (SEC) filed a criminal complaint against the crypto exchange after the authorities in the Cayman Islands, the U.K., and Japan issued similar warnings on Binance and related companies. Thailand’s Regulator Files Criminal Complaint The Thai Securities and Exchange Commission announced Friday that it “has filed a criminal complaint against Binance … with the Economic Crime Suppression Division of the Royal Thai Police (ECD).” According to the SEC:....
The United States Commodity Futures Trading Commission (CFTC) on Thursday, September 24, filed a complaint against crypto dealing Paxforex for allegedly soliciting or accepting business from US customers without relevant registration. According to a report, the CFTC wants a U.S. court to stop Paxforex from continuing with the “unlawful acts and practices,” as well as to compel the company to comply with the relevant laws. Furthermore, the commodity regulator wants the court to stop the defendant “from engaging in any commodity-related activity.” In a complaint....
The First Information Report (FIR) launched on Polygon allows the citizens of Firozabad to register complaints against the police without worry of it being dismissed or manipulated. The 2.8 million citizens of India’s Firozabad district may now be able to sleep a little tighter, after the launch of a new police complaint portal that uses blockchain technology to prevent manipulation.On Oct. 12, Polygon co-founder Sandeep Nailwal announced in a series of tweets that the Polygon blockchain protocol is now being used by Firozabad police in Uttar Pradesh to fight against local police....
A suburban Chicago Police Department recently paid a $500 worth Bitcoin ransom to retrieve their malware-hit data from an unidentified hacker. Somewhere in January, Midlothian police reported to have been attacked by cryptoware - a trojan that encrypts data of the target's computer and seeks ransom for its retrieval from online criminals. Reportedly, the hacker in this case had encrypted specific confidential files on the police's computer, though he never got to access them. According to Calvin Harder Jr., a local IT expert at Midlothian, someone from the police department accidentally....