Crypto Hack Hits Echo As Monad’s eBTC Market Faces Fallout
Echo Protocol is investigating a security incident involving its bridge on Monad after crypto on-chain analysts said an attacker minted 1,000 eBTC and used part of the position to extract WBTC liquidity through Curvance. The first public alarm came from on-chain analyst DCF GOD, who wrote that Echo “may be hacked on Monad.” He added: […]
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US-based cryptocurrency exchange Coinbase (COIN) announced on Tuesday its acquisition of the crypto platform Echo in a deal valued at nearly $375 million, aimed primarily to enhance the exchange’s fundraising capabilities. Echo’s Sonar To Enable Direct Fundraising Initially, Coinbase plans to utilize Echo’s Sonar platform to facilitate crypto token sales. However, the company has future […]
After a crippling hack, KuCoin looks to return to normalcy — but what's next for the troubled exchange? In the latest step towards full recovery after a devastating hack in September, Crypto exchange KuCoin announced today in a blog post that it has “restored the deposit and withdrawal services of all tokens.” The announcement follows a partial reopening that took place in October where users could move their BTC, ETH, and USDT off the exchange. This latest step opens withdrawals and deposits to all coins and tokens, though certain tokens may have withdrawal limits due to what the exchange....
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 […]
In the wake of the DAO hack, which had dire implications for the Ethereum blockchain, multiple exchanges acknowledged the existence of new alternative tokens, Ether Classic, based on the original Ethereum code. Exchanges accepted the new “ETC.” Ultimately, Coinbase worked towards the same. That decision turned out to be costly, as the exchange found itself in the middle of the war between Ethereum and its “Classic” rival. Coinbase Got Replayed. The company did suffer from a costly attack itself as fallout of the Ethereum attack. Coinbase CEO tweeted: The biggest news over the past two....
ECHO, a distributed, peer-to-peer and encrypted messaging and digital payments platform, enables people to exchange encrypted text, audio, video, and image messages. It also portends to allow users to send money and even pay at places like Starbucks. “We enable anybody to exchange encrypted text, audio, video, image messages plus transforming digital payments into taking a simple picture,” CEO Christoph Hering told Bitcoinist.net. The CEO says users will be able to send digital fiat currencies like USD, EUR, GBP as well as leading crypto-currencies bitcoin, Ethereum and Litecoin via....