Author: CoinVira
Grant Thornton, a leading global auditor, has recently completed a thorough security audit of Liminal’s infrastructure in response to the hack that targeted WazirX on July 18. This audit was part of Liminal’s internal investigation into the incident to ensure the security of its own platform. The comprehensive audit conducted by Grant Thornton found no evidence of compromise in Liminal’s frontend, backend, or user interface (UI). Liminal’s platform, which offers self-custody wallet services where private keys are held by clients, was cleared of any vulnerabilities related to the breach that led to losses of over $235 million. Liminal’s internal investigation,…
A dedicated Crypto X account representing WazirX customers has come forward with a detailed account of the recent hacking incident that rocked the popular cryptocurrency exchange. According to insiders’ reports and information shared by the account, the hack was a well-planned attack that involved sophisticated tactics and insider involvement. The events leading up to the hack began on July 11, 2024, when a hacker used a fake KYC account created in West Bengal to deposit ₹1 crore worth of cryptocurrency into WazirX. Over the following days, the hacker strategically purchased GALA tokens with the goal of draining WazirX’s hot wallet.…
Coinbase, one of the leading cryptocurrency exchanges in the United States, has experienced a noticeable decline in market share in recent months. According to a report by research firm Kaiko published on September 9th, Coinbase’s market share has dropped from nearly 55% in March to 41% in early September. This decline has allowed smaller exchanges like Bullish to gain ground in the competitive crypto market. Bullish, a subsidiary of blockchain firm Block.one, has seen its market share nearly double from 17% to 33% over the same period. Unlike Coinbase, which primarily caters to retail investors, Bullish focuses on serving institutional…
A recent report has surfaced indicating that a major crypto exchange is stepping in to assist WazirX in compensating the victims of a hack incident that occurred 1.5 months ago. WazirX, a well-known Indian crypto exchange, fell victim to a significant hack that resulted in the loss of a substantial amount of funds. Today, we delve into the behind-the-scenes story of the WazirX hack incident. According to various media reports, the leadership at WazirX is currently in talks with a top crypto exchange to secure funds for compensating users affected by the hack and revamping the platform. While the identity…
Former FTX executive Ryan Salame is facing potential sanctions after admitting to making false statements during his 2023 guilty plea for campaign finance and money-transmitting crimes. US District Judge Lewis Kaplan, overseeing the case, expressed concerns about Salame’s earlier testimony, where he denied any promises made by prosecutors to secure his plea. During a hearing in Manhattan on Sept. 12, Salame acknowledged that he had lied to the court during his plea hearing last year. He had previously testified that federal prosecutors had made no promises to secure his guilty plea. However, Salame has now claimed that he was informed…
CoinDesk, an award-winning media outlet focused on covering the cryptocurrency industry, recently underwent a significant change in ownership. In November 2023, Bullish, a regulated digital assets exchange, acquired CoinDesk from Digital Currency Group. Bullish, majority-owned by Block.one, a blockchain technology company, has a strong presence in various blockchain and digital asset businesses, with significant holdings in assets like bitcoin. Despite the acquisition, CoinDesk continues to operate as an independent subsidiary, maintaining its editorial independence through an editorial committee. Journalists at CoinDesk adhere to a strict set of editorial policies to ensure accurate and unbiased reporting within the cryptocurrency space. It’s…
MicroStrategy’s recent billion-dollar investment in Bitcoin (BTC) has caused a significant shift in market sentiment, turning it bullish. This investment has propelled BTC to its crucial resistance level of $60,000, positioning it for a potential rally in the near future. Bitcoin Technical Analysis and Upcoming Levels Expert technical analysis indicates that Bitcoin is currently exhibiting a bullish trend, trading above the 200 Exponential Moving Average (EMA) on a daily time frame. The 200 EMA serves as a key indicator of whether an asset is in an uptrend or downtrend. Despite this positive outlook, Bitcoin is encountering strong resistance at the…
CleanSpark, a prominent player in the Bitcoin mining industry, has recently made a significant acquisition in Tennessee. The company is set to acquire seven Bitcoin mining sites along with associated properties for a total of $27.5 million. This strategic move is aimed at expanding CleanSpark’s presence in the mining sector and increasing its operational capacity. The seven mining sites in Tennessee have a combined power capacity of 85 megawatts, making it a lucrative investment for CleanSpark. The deal equates to approximately $324,000 per megawatt, showcasing the company’s commitment to expanding its mining operations. CleanSpark expects to finalize the acquisitions at…
The U.S. Commodity Futures Trading Commission recently faced a setback in its attempt to block Kalshiex from listing political prediction markets in the U.S. A federal judge, Jia Cobb, ruled that the CFTC had overstepped its authority by conducting a public interest review without proper authorization from Congress. This decision came after months of debate over whether political prediction markets should be classified as a form of gambling. In her formal opinion, Judge Cobb emphasized that Kalshi’s proposed contracts, which allowed users to speculate on which political party might control each house of Congress, did not involve unlawful activity or…
Missouri resident Lyell Champagne Jr. has been sentenced to three years in federal prison for fraud and tax offenses involving cryptocurrency. He and his accomplice attempted to steal funds by accessing victims’ bank accounts and filing false tax returns. Law enforcement recovered most of the stolen funds. Champagne pleaded guilty to multiple charges in June while his co-conspirator awaits sentencing in September. Missouri Man Sentenced for Fraud and Tax Offenses The U.S. Attorney’s Office for the District of Connecticut announced on Tuesday that Missouri resident Lyell Champagne Jr. has been sentenced to three years in federal prison for fraud and…