News with the tag "stolen assets"

Hold onto your hats, crypto enthusiasts! In a whirlwind of events that proves the crypto space can be both wild and resilient, Bybit, a major crypto exchange, has demonstrated some serious agility. Just after facing a staggering $1.5 billion hack (yes, you read that right!), Bybit sprang into action...

Indian crypto exchange Wazirx has defended its restructuring strategy in response to the July 18 cyberattack that led to the theft of over $230 million. The company emphasized that this approach is the quickest and most legally sound way to address these challenges. “This is not bankruptcy or liquid...

Indian crypto exchange Wazirx has announced a $23 million bounty program to recover assets stolen in a cyberattack on its multisig wallet. Emphasizing community involvement, co-founder Nischal Shetty outlined the rewards for tracking, freezing, and ethically recovering the stolen funds. He insists t...

The exchange remains focused on addressing the impact on customer funds and ensuring the security and integrity of their platform.