Cork Protocol has paused all markets as a precaution.
On May 22, Cetus, the leading decentralized exchange on the Sui blockchain, was hacked, losing around $223 million. The attack involved fake tokens that manipulated the platform’s price system. Within hours, $60 million was moved to Ethereum, but Sui validators acted quickly and froze about $162 million. In response, Cetus and the Sui Foundation worked …
The Sui community has voted to return stolen assets from the Cetus Protocol, with nearly 53% supporting the proposal. Following the decision, a multisig wallet managed by the Sui Foundation and OtterSec will recover and transfer approximately $162 million in frozen funds from the attacker’s address. This action is a key step toward rebuilding trust …
Following a $223 million hack that affected the Sui ecosystem, decentralized exchange Cetus has proposed a recovery plan to recover $162 million frozen in the hacker’s wallets. This plan depends on a community vote, needing over 50% participation and majority support to approve a protocol upgrade that would override the attacker’s control. If successful, the …
The Sui (SUI) ecosystem has experienced significant headwinds in the past few days following the Cetus Protocol (CETUS) hack. While the Sui validators stopped the majority of the stolen funds from being swapped into different chains, the network has been criticized for its centralized governance. In a bid to ensure transparency and retain users’ trust, …
A shocking kidnapping case took place in Manhattan, where a man was held hostage. As reported by Associated Press, in an attempt to get access to his Bitcoin wallet, the victim was beaten and forced to hand over the password. The victim was abducted on May 6, but his name has not been made public. …
The Sui ecosystem faced a crisis yesterday after an exploit hit its top liquidity provider, Cetus. The attack drained over $200 million from the protocol, causing panic across the network. As a result, popular Sui memecoins like Lofi, Sudeng, and Squirtle saw their prices crash by 76%, 80%, and 97% within just an hour. The …
Cetus is Sui’s biggest liquidity provider and decentralized exchange.
The hacker behind the Coinbase data breach has mocked publicly blockchain sleuth ZachXBT while swapping $42.5 million in Bitcoin to Ethereum. The message “L bozo” was left on-chain, clearly mocking ZachXBT and other analysts tracking the movement. This unusual act of digital defiance unfolded just after Coinbase refused to meet a $20 million ransom demand. …
The exchange fired staff involved in the breach on the spot and will press criminal charges.
The crypto world is once again on high alert as Ledger, the maker of popular crypto hardware wallets, has confirmed that its Discord server is back under control after a recent hacking attempt. On May 11, a hacker got access to a moderator’s account and used it to share scam links in the server, trying …
A private key belonging to Chorus Key was compromised, and a governance vote is underway to switch oracle providers.
The Frankfurt Prosecutor’s Office announced the seizure of the crypto platform eXch by law enforcement. Authorities confiscated €34 million and the platform’s infrastructure. eXch is under suspicion for providing money laundering services related to several high-profile crypto hacks, including the Bybit hack, multisig vulnerabilities, the FixedFloat exploit, and the $243 million Genesis Creditor theft. This …
Germany has dealt a severe blow to the dark side of crypto, shutting down the notorious eXch crypto swapping service. Authorities, including the Frankfurt Public Prosecutor’s Office (ZIT) and the Federal Criminal Police Office (BKA), seized €34 million in digital assets and eight terabytes of data, marking the country’s third-largest crypto seizure. Why Was €34 …
On May 2, 2025, at 9:25 AM PST, the TRON DAO X account was compromised following a social engineering attack on a team member. The attacker posted a contract address, sent direct messages, and followed various accounts. This breach emphasizes the dangers of social engineering, as it allowed the unauthorized party to manipulate the account. …
The cryptocurrency market has recorded a troublesome number of failed projects in recent years. According to data from CoinGecko, over 50% of all cryptocurrencies ever listed have now become inactive. Since 2021, nearly 7 million crypto coins have been listed on the platform. Out of these, about 3.7 million projects have stopped trading and are …
Monero rose by 45% after a flurry of spot buys, but open interest increased by 107%.
The U.S. Department of Justice is pushing for a 20-year prison sentence for Celsius founder Alex Mashinsky. Prosecutors allege that Mashinsky orchestrated a deliberate fraud that led to $4.7 billion in user losses. The DOJ claims he misled investors about the safety and profitability of Celsius’s operations, contributing to one of the crypto industry’s biggest …
Even after FTX collapse, the exchange isn’t stepping out of the spotlight. In the latest FTX News update, the bankrupt crypto exchange has launched a legal offensive to recover assets in a fresh effort to speed up FTX repayments. According to a new press release on PR Newswire, FTX has filed lawsuits against NFT Stars …
The crypto world was jolted overnight as Monero (XMR) prices surged by more than 50%, sending shockwaves through the market. While such sudden spikes often raise eyebrows, this particular surge is linked to a massive Bitcoin theft worth around $330 million. The Bitcoin Heist Uncovered Renowned on-chain detective ZachXBT revealed that roughly 3,520 Bitcoins, valued …
The SEC has yet again cracked down on crypto fraud. The agency has charged the man behind PGI Global, Ramil Palafox, for running a massive $198 million scam through his company, PGI Global, which falsely claimed to be a crypto and forex trading platform. As per the SEC’s press release, from January 2020 through October …
The exchange has wrapped up all prep work for the hearing, where the court will decide on approving WazirX’s restructuring and user compensation plan.
Two months after the biggest crypto hack in history, a fresh update from Bybit CEO Ben Zhou has brought a ray of hope. Out of the $1.4 billion in stolen ETH, 68.57% of the funds remain traceable, while 3.84% have been frozen. However, 27.59% have gone dark—likely laundered through mixers and bridges. Bybit Hack: What …
The untraceable funds primarily flowed into mixers then through bridges to P2P and OTC platforms, Zhou said.
Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, was transferred on April 18, 2025, to the Federal Correctional Institution (FCI) Terminal Island in Los Angeles. This low-security prison, known for housing notorious figures like cult leader Charles Manson, crime boss Al Capone, and former Theranos executive Ramesh “Sunny” Balwani, is now the latest chapter …
The firm will be awarding a 10% bounty to white hat hackers involved in the resolution of the exploit.
The ZK token is down by 13.7% in the past 24 hours.
KiloEx has suspended operations and is collaborating with partners to trace the stolen funds and blacklist the attacker's wallet.
Yet another hack story shook investors’ faith in Defi. The DeFi world is once again in the spotlight after a newly launched perpetual trading platform, KiloEx, backed by YZi Labs (previously known as Binance Labs), fell victim to a multi-chain exploit that drained approximately $7 million. The attack has exposed fresh concerns about the security …
A local court in China recently sentenced nine Chinese fraudsters to prison terms over defrauding Indians of about $6 million through USDT fraud. Notably, the scheme involved using translation and chat software to befriend foreigners, gain their trust and trick them into investment by defrauding their money. Over 66,000 Indians Fell To the Scam The …