FTX reportedly hacked as officials flag abnormal wallet activity
Wallets tied to FTX and FTX US have seen $659 million in cumulative outflows over the past 24 hours, according to Nansen.
Wallets tied to FTX and FTX US have seen $659 million in cumulative outflows over the past 24 hours, according to Nansen.
Despite the inordinate amount of resources needed to engineer them, small-cap cryptocurrencies are still susceptible to a 51% attacks.
In the long run, the industry needs to come together and step up its cybersecurity game in a big way rather than seek out such temporary fixes.
There might not be much new to worry about when it comes to the FTX aftermath and Bitcoin resilience.
With one of the biggest crypto businesses falling overnight after getting caught misappropriating user funds, CZ believed the episode was devastating for the industry, which took away a lot of consumer confidence.