In 2024, crypto hacks surged 40% to $2.3 billion in losses. Ethereum took the hardest hit. Exchanges must adopt compliance, cold storage, and proof of reserves, while users should enable 2FA and hardware wallets.
Crypto hacks surged 40% in 2024, with losses exceeding $2.3 billion. This article details key exchange security features, user account protection tips, common risks, and improvement strategies for Indian platforms.
The Federal Reserve concluded its enforcement action against Farmington State Bank, which was linked to FTX and has exited banking. Meanwhile, DOJ indicted three individuals for SIM swapping $400M from FTX, with funds traced to Russian cybercriminal entities, highlighting regulatory and security challenges in crypto.
The Federal Reserve has concluded its enforcement action against Farmington State Bank, which has exited the banking industry. The move revives attention on FTX-related fallout, including a cyber theft of over $400 million, SIM-swapping tactics, and cross-border laundering concerns.
The Federal Reserve concluded its enforcement action against Farmington State Bank, tied to FTX. Meanwhile, a SIM-swap gang has been indicted for stealing $400M from FTX, with funds potentially laundered through Russian-linked mixers.
The Federal Reserve ends enforcement action against Farmington State Bank, which exited banking after ties to FTX. Meanwhile, US DOJ indicts three hackers for stealing $400M from FTX via SIM swap, with potential Russian cybercriminal links.
The Federal Reserve concluded enforcement action against Farmington State Bank, linked to FTX. Separately, US DOJ indicted three hackers for a $400M SIM swap theft from FTX, with funds potentially flowing to Russian cybercriminals, highlighting crypto security risks.
The Federal Reserve concludes enforcement action against FTX-linked Farmington State Bank, which has now exited banking. Meanwhile, the DOJ indicts three US hackers for orchestrating a $400M SIM swap theft from FTX, with some funds traced to Russian-linked mixers.
