Binance Freezes $11.8 Million In Stolen Assets Following Kidnapping Incident ...
Chief Executive Officer of Binance, Changpeng “CZ” Zhao, has shared a report in which the exchange intervened in the theft of millions of dollars worth of crypto assets. Through a fast response operation, the Binance Global Head stated they were able to prevent the bad actors from making away with over 90% of the stolen loot. Related Reading: CME Overtakes Binance In Bitcoin Futures: A New Era For Institutional Crypto Investments? Binance Confiscates $11.8 Million In Assets Belonging To Kidnapped Clients In a Friday post on X, CZ stated that executives from one of Binance’s client....
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HTX, formerly Huobi Global, was exploited recently for almost $8 million. Following the incident, Binance CEO Changpeng Zhao (CZ) has offered his assistance in tracking the stolen funds. Meanwhile, the exchange has tried to reduce the impact of the exploits on the network. It proposed 5% of the total stolen amount, worth approximately $400,000, as […]
Six men are accused of kidnapping three family members and their nanny from a Chicago townhouse in October 2024 in exchange for a crypto-ransom. Before being freed next to a dry cleaners, the victims were allegedly kept for five days and forced into handing over almost $15 million in Bitcoin (BTC) holdings. Crypto Kidnapping Case […]
A major Indian cryptocurrency exchange, Wazirx, has had its bank assets of more than $8 million frozen by the Directorate of Enforcement (ED). The exchange was supposedly acquired by Binance in 2019. However, Binance CEO Changpeng Zhao (CZ) now claims that the acquisition was “never completed.” Wazirx, however, maintains that it was acquired by Binance.
ED’s Action Against Wazirx
India’s Directorate of Enforcement (ED) issued a press release Friday concerning Wazirx, a major crypto exchange in India. ED is a law enforcement and economic intelligence....
Out of the lot, around $60 million worth of tokens were transferred over the Ethereum blockchain alone. Tokens stolen from BSC and Polygon are worth $9.2 million and $8.5 million respectively. Crypto trading platform AscendEX suffered a loss of $77.7 million in a hot wallet compromise that allowed hackers to access and transfer tokens hosted over the Ethereum (ETH), Binance Smart Chain (BSC) and Polygon (POLY) blockchains.Soon after realization, AscendEX proactively warned its users about the stolen funds, confirming that the hackers were not able to access the company’s cold wallet....
According to reports, roughly $2.2 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) non-fungible tokens (NFTs) were stolen from a collector. The owner of the NFTs Todd Kramer said the incident was “arguably the worst night” of his life. Furthermore, there’s claims that the NFT marketplace Opensea froze the collectibles, and crypto advocates are complaining about the lack of decentralization.
15 BAYC and MAYC NFTs Stolen — Victim Begs Opensea for Help, Reports Claim NFTs Were ‘Frozen’
On December 30, 2021, a....