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Tag: Hacks

Binance Estimates $6.3 Billion Impact from Oct. 29 Security Incident, Pledges Full Coverage

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Binance estimates $6.3 billion total impact from a security incident on October 29 Approximately $3 billion frozen on-chain; deposits and withdrawals temporarily suspended Exchange will cover all losses from its SAFU fund and company funds; user funds remain safe Bitcoin fell below $77,000 and BNB dropped more than 7% amid the news Blockchain analytics firms attribute the incident to North Korea’s TraderTraitor group with high confidence ...

Cryptocurrencies, Hacks, News

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CoinDCX Confirms $16 Million USDT Loss from Retired Wallets Days After CEO Called Breach Reports a False Alarm

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CoinDCX confirmed a loss of 15.99 million USDT, roughly $16 million, from old deposit wallets linked to its July 2025 security incident. The exchange said an automated sweeping process failed, allowing user deposits to accumulate in vulnerable deprecated addresses, which it will fully absorb. CEO Sumit Gupta initially dismissed reports as a false alarm on X before the firm disclosed the operational loss. On-chain analysts traced the funds,...

Cryptocurrencies, Hacks, News, Wallets

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Cysic Suspends Bridge After Attacker Mints 10 Million CYS Tokens and Moves $727,000 to Ethereum

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Attacker minted 10 million unauthorized CYS tokens on BNB Smart Chain through Cysic’s bridge on October 17. Sold 7.2 million CYS and bridged approximately $727,000 in proceeds to Ethereum before the address was blacklisted. Bridge remains suspended; Cysic mainnet and existing user wallet assets were not affected. The Cysic Foundation has suspended its cross-chain bridge after an attacker exploited a vulnerability in the bridge’s...

Cryptocurrencies, DeFi, Ethereum, Hacks, News

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Bitget starts phased withdrawals after $388 million exploit, 2026’s largest crypto theft

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Bitget began restoring Bitcoin withdrawals at 8:00 UTC on Sept. 28 after a Sept. 24 exploit that drained about $388 million. The exchange said attackers compromised a backend wallet system and spoofed transaction data; private keys were not stolen. A User Protection Fund of more than $464 million is covering the loss, and customer balances were not written down. Ether, USDT and remaining assets are scheduled to return in stages through Oct....

Cryptocurrencies, Exchanges, Hacks, News

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Bitget Raises Breach Estimate to $387.5 Million, Sets Phased Withdrawal Restart

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Bitget confirmed about $387.5 million moved to attacker addresses on Sept. 24, up from an initial $351.6 million after adding Zcash and TRON assets. CEO Gracy Chen said attackers spoofed transaction data in a compromised wallet backend; private keys and cold wallets were not taken. A User Protection Fund of more than $464 million is slated to cover the loss. Withdrawals restart in phases from Sept. 28. Bitget said onchain tracing now puts...

Cryptocurrencies, Hacks, News

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