French authorities investigating the Waltio crypto tax platform data breach and security failure.
AI News

Waltio Data Breach: French Authorities Launch Urgent Probe into Crypto Tax Platform Security Failure

PARIS, France – January 2025: The French cryptocurrency ecosystem faces a critical security test as national authorities launch a formal investigation into a significant data exposure at Waltio, a leading platform for crypto tax declarations. This incident, confirmed by the company on January 23, 2025, has compromised sensitive user information, reigniting urgent debates about data […]

Quantum computer threatening Ethereum blockchain security with cryptographic keys breaking apart
AI News

Quantum Threat to Ethereum: Vitalik Buterin’s Urgent Warning Reveals 2028 Security Deadline

In a sobering address at the Devconnect conference in Buenos Aires, Argentina, Ethereum co-founder Vitalik Buterin issued a stark warning that has sent ripples through the cryptocurrency community. The elliptic curve cryptography securing billions in digital assets “are going to die,” Buterin declared, suggesting quantum computers could break current blockchain security before the 2028 U.S. […]

Saga blockchain exploit triggers chainlet shutdown and stablecoin depeg crisis in 2025
AI News

Saga Blockchain Exploit: Devastating $7M Attack Forces Chainlet Shutdown, Triggers Stablecoin Crisis

In a significant blow to blockchain security protocols, the Saga Layer-1 network has been forced to completely halt its Ethereum-compatible SagaEVM chainlet following a sophisticated $7 million exploit that triggered a stablecoin depeg and massive liquidity withdrawal. The January 2025 incident represents one of the most substantial cross-chain attacks of the year, highlighting persistent vulnerabilities […]

Coinbase quantum computing advisory council meeting to protect blockchain security
Bitcoin News

Quantum Computing Cryptocurrency Threat: Coinbase Launches Groundbreaking Security Council

In a proactive move to safeguard the future of digital assets, cryptocurrency exchange giant Coinbase has established an independent advisory council focused on the emerging threat of quantum computing to blockchain security, San Francisco, May 2025. This strategic initiative assembles leading academic and industry experts to evaluate risks that could potentially undermine the cryptographic foundations […]

Bithumb information security advisory committee meeting to enhance cryptocurrency exchange protection
Bitcoin News

Bithumb Launches Crucial Information Security Advisory Committee to Fortify Crypto Exchange Defenses

SEOUL, South Korea – In a significant move to bolster its cybersecurity framework, leading South Korean cryptocurrency exchange Bithumb has officially launched an information security advisory committee composed entirely of external experts, as reported by Yonhap News on March 15, 2025. This strategic initiative represents a proactive response to growing cybersecurity threats within the digital […]

South Korean lawmaker proposes crypto exchange liability for hacking damages to protect investors
Bitcoin News

Crypto Exchange Liability: South Korea’s Bold Move to Protect Investors from Hacking Damages

SEOUL, South Korea – In a significant regulatory development, People Power Party lawmaker Park Seong-hoon has proposed a groundbreaking amendment that could fundamentally reshape cryptocurrency investor protection by making virtual asset service providers legally liable for hacking damages and system failures. This legislative initiative represents South Korea’s latest effort to establish comprehensive safeguards for digital […]

Conceptual image of blockchain security failure and the crypto hack recovery crisis, showing a fractured digital shield.
Bitcoin News

Crypto Hack Recovery Crisis: 80% of Exploited Projects Face Permanent Collapse, Immunefi CEO Warns

In a stark revelation that underscores the existential threat facing decentralized finance, Immunefi CEO Mitchell Amador has declared that a staggering 80% of cryptocurrency projects never fully recover after a major security breach. This critical insight, shared in an exclusive interview with Cointelegraph, paints a sobering picture of an industry where a single exploit often […]

Analysis showing 80% of hacked crypto projects never fully recover from security breaches
AI News

Crypto Hacks: The Devastating Truth That 80% of Breached Projects Never Fully Recover

January 2025 – The cryptocurrency industry faces a sobering reality: approximately 80% of hacked blockchain projects never regain their former stability or community trust, according to comprehensive security analyses. This statistic reveals a fundamental vulnerability in the digital asset ecosystem that extends far beyond immediate financial losses. Security breaches create lasting damage that often proves […]

South Korea's financial regulator FSC proposes strict liability and heavy fines for cryptocurrency exchange security breaches
Bitcoin News

South Korea’s Controversial Crypto Crackdown: 10% Revenue Fines for Hacked Exchanges Spark Industry Backlash

SEOUL, South Korea – February 2025 – In a decisive move that could reshape the nation’s digital asset landscape, South Korea’s Financial Services Commission (FSC) is drafting stringent regulations that would impose strict liability and potentially crippling punitive fines of up to 10% of an exchange’s revenue for security breaches. This proposal, first reported by […]