Crypto Industry News
The crypto industry is quite turbulent, but also innovative, impactful, or even fun. Many dozen events of all kinds happen each day, giving crypto enthusiasts plenty to keep them interested.
We dig for the best stories to share them with readers and have quite a few news categories here on TradeCrypto for all these stories. But whatever news on the many crypto companies and events doesn’t fit anywhere else, goes in the general crypto industry news.
Hacker Returns 70% of Funds Stolen in Transit Swap Exploit
Another day, another crypto hack, but this one has a happy ending. Following the $23 million exploit of the DEX aggregator Transit Swap, the attacker has now returned 70% of that sum, with the rest expected to follow soon. According to the blockchain security company, PeckShield, the hacker took advantage of a bug in Transit’s […]
Hacker Organization Lazarus Targets Crypto.com
The North Korean hacker group Lazarus strikes again. After previously targeting Coinbase in August, it has now executed a malware attack linked to another prominent crypto exchange, Crypto.com. Lazarus is a well-known hacker organization allegedly backed by the North Korean government. In February, a United Nations report indicated that North Korea had used the funds […]
FTX US Purchases Voyager Digital’s Assets for $1.4 Billion
Crypto exchange FTX US has beaten Binance and CrossTower in a bid to purchase the assets of the bankrupted crypto brokerage company, Voyager Digital. The deal is worth a little over $1.4 billion. Back in July, Voyager was one of the many companies that ran into trouble due to the harsh crypto winter. Specifically, the […]
Interpol Issues Red Notice for Capture of Do Kwon
Some two weeks following the warrant for the arrest of Do Kwon in South Korea, Interpol has now issued a “Red Notice” – request to law enforcement worldwide to locate and capture the Terraform Labs co-founder. Do Kwon and five of his associates are wanted in connection to Terra’s market crash, which took place in […]
Veritaseum Capital Sues Coinbase for $350 Million
Blockchain software firm Veritaseum Capital has filed a lawsuit against one of the leading crypto exchanges, Coinbase. According to the lawsuit, the crypto exchange has illegally been using Veritaseum’s patented technology for secure crypto payment transfers. Some of Coinbase’s services relying on this tech include Coinbase Pay, Commerce APIs, and iOS and Android wallets. Due […]
GMX Exploited for More Than $500,000
Decentralized exchange GMX was hit in a price manipulation exploit, with the attacker taking off with some $565,000. GMX is a relatively young crypto exchange, having launched just late last year on Ethereum layer-2 solution Arbitrum. However, that’s more than enough time to become a victim of cybercrime in the crypto industry. GMX’s AVAX/USD market […]
Tron Hackathon Season 3 Kicks Off with $1,2 Million Prize Pool
The third season of Tron’s Grand Hackathon is starting. This year, the second-largest DeFi network by TLV has secured $1.2 million for Hackathon’s prize pool and introduced two additional competitive categories. Apart from the DeFi, GameFi, NFT and Web3 tracks, developers can now participate in the Academy and Ecosystem categories as well. The former is […]
Crypto Hub in Vietnam Opened by Near Foundation and GFS Ventures
Near Foundation, a Swiss non-profit organization that oversees the development of the layer-one blockchain, Near Protocol, announced that it has opened a Web3 regional hub in Vietnam. Its partner in the project is GFS Ventures, a venture capital fund. According to the Global Cryptocurrency Acceptance Index, Vietnam ranks fifth when it comes to the degree […]
Arrest Warrant for Do Kwon Issued in South Korea
According to Bloomberg, South Korean authorities have issued a warrant for the arrest of Do Kwon, the CEO of TerraForm Labs. In May this year, Terra’s stablecoin UST and its sister coin LUNA crashed, losing $40 billion of investors’ money. One major consequence of this crash is the impact it had on bringing crypto winter […]
BitGo Pressing Charges Against Galaxy Digital for $100 Million
What was supposed to be the most expensive deal in the crypto industry has in the meantime transformed into something ugly. Last month, Galaxy Digital, a crypto investment firm, pulled out of its $1.2 billion acquisition of the crypto custodian BitGo. Now, BitGo is pressing charges against its would-be buyer. Galaxy Digital terminated the acquisition […]
