Despite the risks of using AI by malicious actors, Tim Draper believes there is no need for governments to take any measures to regulate AI for now.
he reported Fantom Foundation attack caused the native token to drop about 3.4 percent to trade around $0.177 on Wednesday.
The reason for the surprise was that the average sale price for CrypToadz is typically under $1,000, making the sudden hundredfold increase in value in a short period of time seem questionable to experts.
To bolster security and thwart hacking attempts, Dunamu revealed that Upbit increased its holdings in cold wallets to 70%. The exchange also improved the security of its hot wallets.
The exchange has already received the funds back. The hacker received a 5% white-hat incentive, or a remuneration of 250 ETH for restoring the funds, as well as a job offer to work as a white-hat security adviser.
According to Sun, all customer funds are safe as the ETH stolen via the hack is only two weeks’ worth of the average HTX revenue.
HTX has announced that the hacker has until October 2, 2023, to return the funds.
Mixin Network immediately suspended the deposits and withdrawals stating that they would soon announce their decision to deal with the lost assets.
This is Cisco’s largest acquisition till date as the company plans to amp up its cybersecurity division to boost the company’s revenue.
Luckily, Cuban was quickly alerted and managed to move over $2.5 million worth of other crypto he had on Polygon to a Coinbase exchange address.
CoinEx has reassured all its customers that all the affected parties shall receive a refund of 100%. The exchange also said that it would release a detailed report soon.
Although these attacks are on the rise, many believe that some of them may simply be the account owner’s fault.
August saw the crypto industry lose around $24 million in virtual assets due to various hacks and exploits.
Proactively, the platform has placed a temporary freeze on affected user accounts within the customer claims portal.
The attacker managed to transfer Dai stablecoins twice. The initial transfer was $636,812, followed by a subsequent transfer of $257,527, aggregating to a total stolen amount of around $900,000.