News with the tag "hot wallet"

In the fast-paced world of cryptocurrency, even the slightest movements can send ripples through the market. Recently, eagle-eyed crypto analysts spotted a significant event unfolding at one of the largest crypto exchanges globally – Binance. Let’s dive into the details of these substantial ETH with...

Blockchain security firm Cyvers said its systems detected multiple suspicious transactions involving Phemex’s hot wallets across several chains. Cyvers estimated that digital assets worth more than $29 million were transferred by suspicious addresses on chains including BNB, ETH, OP, POL, BASE, and ...

Singapore-based cryptocurrency exchange Phemex has said that it is "looking into" reports of a hack after one of its hot wallets was drained for $29 million worth of crypto tokens. Crypto security firm Cyvers reported "multiple suspicious transactions" from the Phemex hot wallet across multiple bloc...

Asian crypto exchange Bingx suffered a hacking attack, leading to a suspension of withdrawals and an estimated loss of $52 million. Bingx claims the stolen amount is minimal because it primarily stores users’ assets in cold wallets, which were not targeted by the hackers. A security firm believes a ...

Crypto exchange BingX’s product chief Vivien Lin has confirmed there was a hack and a “minor asset loss,” which is still being calculated.

According to a recent Chainalysis report, thefts resulting from crypto hacks and exploits have totaled $1.58 billion in 2024.

Which cryptocurrency wallets are good alternatives to MetaMask?

One of Turkey’s most prominent crypto exchanges BtcTurk has suffered a cyber attack leading to unauthorized access to some of its hot wallets. The exchange has reported some level of asset loss, however, they claim enough financial stability to overcome this setback. Related Reading: May Madness: Cr...

When it comes to Ethereum (as well as other cryptos), your “wallet” is your access to the coins or tokens you own. It’s important to choose a safe wallet option to protect your investment. What are Ethereum wallets and where…

What is MetaMask and what potential benefits can it offer users? Read along as we explore the answers. What is MetaMask? MetaMask is a crypto wallet initially released in 2016 that allows users to buy and store Ethereum (ETH) and…