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Terraform Labs secures court approval to wind-down operations after settling with SEC

Terraform Labs received court approval to wind down its operations in bankruptcy after settling a US Securities and Exchange Commission (SEC) lawsuit, Reuters reported Sept. 19. US Bankruptcy Judge Brendan Shannon approved Terraform’s bankruptcy plan in Wilmington, Delaware, calling it a “welcome alternative” to further litigation over investor losses. The court approval represents the final […]

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5 Ways to Get Rich Through Cryptocurrency in 2024

Cryptocurrencies have grown rapidly worldwide. One of the most popular ways for investors to earn rewards is staking. There are several strategies for earning from cryptocurrencies, and staking has become the most convenient way to earn a passive income. This article will explore five effective ways to earn well through Cryptocurrencies, with a focus on […]

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$26 Million Stolen in BingX Hack Amid Ongoing Crypto Attacks

The crypto exchange BingX reportedly lost over $26 million in various digital assets early Thursday morning. This incident adds to a troubling week for crypto platforms as multiple hacks continue to expose vulnerabilities within the sector. PeckShield, a blockchain security company, initially detected suspicious transactions at approximately 00:37 UTC. Initial reports suggested an outflow of […]

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BingX pledges to reimburse users after security breach

Key Takeaways BingX suffered a security breach targeting its hot wallet. The exchange commits to fully reimbursing affected users using its own funds. Share this article BingX, a Singapore-based crypto exchange, said it suffered a security breach that led to “minor” losses in its hot wallet on September 20 (Singapore time). The exchange is committed […]