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The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.

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cryptocurrency

KyberSwap's Response to $48.8 Million Hack: Workforce Halved and Victim Reimbursement Plans

KyberSwap, after a $48.8M hack, has halved its workforce and launched a reimbursement plan for affected users, showcasing the resilience of DeFi.

by Jessie A Ellis
Dec 27, 2023

cryptocurrency

DeFi Platform Raft Compromised, Loses $3.3 Million in Ether

Raft DeFi platform hacked, loses $3.3M in ETH. Attacker burns most stolen ETH, faces net loss.

by Jessie A Ellis
Nov 13, 2023

cryptocurrency

KuCoin Twitter Hack Leads to Loss of Funds

KuCoin's official Twitter account was hacked, leading to users losing their funds in a fake giveaway event. The exchange pledged to reimburse the victims and improve security measures to prevent similar incidents. This incident highlights the growing trend of hackers taking over official Twitter accounts of crypto exchanges and NFT projects to promote scams.

by Luisa Crawford
Apr 25, 2023

CRYPTOCURRENCY

KyberSwap's Response to $48.8 Million Hack: Workforce Halved and Victim Reimbursement Plans

DeFi Platform Raft Compromised, Loses $3.3 Million in Ether

KuCoin Twitter Hack Leads to Loss of Funds

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