Mercado Bitcoin pledges to cover all user losses after near $40 million hack
Partners like Tether, Circle, and Chainalysis helped freeze $11M of the stolen assets.
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Crypto exchange Bitget says $352 million affected in a hack, claims user funds are ‘safe’
Crypto exchange Bitget lost $351.6 million dollars to a system breach on Thursday, CEO Gracy Chen announced in a social media post. In a post on X, Chen said that Bitget’s cold wallets and user funds were safe, and that there were “unauthorized transfers from… Read More
Binance to shift $1 billion user protection fund into bitcoin amid market rout
Top cryptocurrency exchange Binance announced said Friday that it shall switch the stablecoin in its $1 billion emergency user protection fund to bitcoin over the next 30 days. The move targets the Secure asset Fund for Users (SAFU), which is a security fund created to… Read More