CrispyBull

The recent $230 million heist at WazirX has highlighted significant security lapses within the exchange, prompting urgent calls for better key management practices and robust security protocols. As WazirX works to recover the stolen assets and restore customer confidence, the incident underscores the critical need for enhanced cybersecurity measures in the cryptocurrency industry.

Cryptocurrency ATMs, intended to bridge the gap to the digital asset world, have increasingly become targets for scammers exploiting their anonymity and speed. As regulatory measures struggle to keep pace, consumers must navigate a landscape fraught with risks, prompting a push for tighter regulations and greater consumer awareness.

The Mt. Gox trustee has begun distributing Bitcoin (BTC) and Bitcoin Cash (BCH) to creditors, but multiple reports of unauthorized login attempts have raised security concerns. This situation highlights the ongoing vulnerabilities in the repayment process despite significant progress being made.

North Korean hackers have escalated their operations, employing sophisticated laundering techniques and infiltrating crypto projects through fake job applications. This dual approach reveals significant vulnerabilities within the global financial system and emphasizes the need for enhanced security measures and international cooperation.

UK authorities have arrested two individuals in London for operating an illegal crypto exchange that processed transactions exceeding $1.3 billion. The suspects were released on bail as the Financial Conduct Authority continues its investigation into this significant financial crime​.