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CATEGORY: financial losses


Bitcoin and Ether options worth $2.4B set to expire May 3, max BTC pain at $61K

Author: Cointelegraph by Prashant Jha
United States
May 04, 2024 12:00

Bitcoin and Ether options worth $2.4B set to expire May 3, max BTC pain at $61K

Deribit exchange data reveals that the put-to-call ratio for Bitcoin options contracts is currently at 0.50, with a maximum pain point of $61,000.

Mar 07, 2023 06:55

Hong Kong Suffers Surge in Crypto Scams in 2022


Hong Kong police reported a surge in crypto-related scams in 2022, with losses amounting to HK$1.7 billion ($216.6 million), up 106% from the previous year. The number of crypto-related scam cases reported in Hong Kong also surged by 67% from 2021. Such scams accounted for over 50% of the HK$3.2 billion ($407 million) stolen from city residents in technology crimes. The Hong Kong police CyberDefender website reported almost 23,000 cases of technology-related crimes in 2022. The use of cryptocurrency has made it more complicated for enforcement to track criminal funds, as fraudsters can hide their identities, transactions, and final destination. (Read More)

DeFi hacks drop 40% in 2024, CeFi breaches surge to $694M  Hacken

Author: Cointelegraph by Josh O'Sullivan
United States
Dec 25, 2024 12:05

DeFi hacks drop 40% in 2024, CeFi breaches surge to $694M Hacken

DeFi losses dropped 40% in 2024 as advanced security measures strengthened protocols, while CeFi breaches surged to $694 million.

Jun 04, 2023 10:35

Atomic Wallet Hack: Decentralized Finance Wallet Breached, Millions Lost in Attack

On June 3, 2023, numerous sources revealed details about an attack on Atomic Wallet that resulted in significant financial losses for many victims. The Atomic Wallet team announced they are looking into the issue, while onchain investigators like Zachxbt have also been digging deeper, searching for explanations. Decentralized Finance Nightmare: Atomic Wallet Compromised, Millions in [...]

The post Atomic Wallet Hack: Decentralized Finance Wallet Breached, Millions Lost in Attack appeared first on Crypto Breaking News.

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