The decentralized perpetual futures protocol GMX has suffered a significant security breach targeting its V1 platform on the Arbitrum network. Exploiting a vulnerability within the protocol’s GLP liquidity pool, which holds diverse assets including Bitcoin, Ethereum, and stablecoins, resulted in… Read More »GMX V1 Exploit Loses $40M, Halts Protocol as DeFi Security Concerns Mount
Approximately $8.6 billion in Bitcoin was recently transferred from long-inactive wallets, raising alarms about cryptocurrency security vulnerabilities. Coinbase’s Director of Product Strategy, Conor Grogan, reported the movement, suggesting it may relate to institutional transfers or private key verification processes. This… Read More »Dormant Bitcoin Wallets Move $8.6 Billion, Sparking Security Concerns as Market Holds Strong
Binance has issued a critical alert regarding a significant increase in impersonation scams targeting cryptocurrency holders globally. Fraudsters are posing as Binance support representatives across social media platforms, employing deceptive QR codes and fake verification requests to steal users’ funds.… Read More »Binance Alerts Users to Surge in Impersonation Scams Targeting Crypto Accounts