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According to Wu Blockchain reports, this breach has led to the leakage of some user mnemonics and private keys. Law enforcement authorities have initiated an investigation into the former employee’s involvement.
The iToken system prompts the user that some wallet addresses have security risks. The security agency submitted the asset protection to Refundyourcoins and transferred the funds in the address to a safe address. refundyourcoins will launch a retrieval function to facilitate the…
— Wu Blockchain (@WuBlockchain) September 16, 2023
The fallout from this breach became evident when a hacker address linked to a compromised user account showed a significant loss of $1.39 million on September 2. Subsequently, the iToken system issued warnings to users about potential security risks associated with certain wallet addresses.
To safeguard user assets, a security agency collaborated with Refundyourcoins, successfully transferring the compromised funds to a secure address. Refundyourcoins is now set to launch a retrieval function to assist affected users in recovering their assets, covering four major blockchain networks: BTC, ETH, TRX, and XRP.
This incident echoes a previous data breach that struck the crypto exchange in June 2021, exposing user assets and critical technical information. In a recent development, Huobi has rebranded itself as HTX, while its official website will retain the Huobi name. This rebranding aims to refresh the exchange’s identity while preserving familiarity for its user base.
The emergence of Trojan viruses, disguised as legitimate software, continues to pose a serious threat to cybersecurity. These malware variants aim to gain unauthorized access to users’ systems through social engineering tactics, emphasizing the importance of robust security measures in the cryptocurrency space.
Cryptocurrency exchanges review:
#1 OKX - 24h Volume: $ 1 097 255 972.
OKX is an Hong Kong-based company founded in 2017 by Star Xu. Not available to users in the United States.
#2 ByBit - 24h Volume: $953 436 658.
It is headquartered in Singapore and has offices in Hong Kong and Taiwan. Bybit works in over 200 countries across the globe with the exception of the US.
#3 Gate.io - 24h Volume: $ 643 886 488.
The company was founded in 2013. Headquartered in South Korea. Gate.io is not available in the United States.
#4 MEXC - 24h Volume: $ 543 633 048.
MEXC was founded in 2018 and gained popularity in its hometown of Singapore. US residents have access to the MEXC exchange.
#5 KuCoin - 24h Volume: $ 513 654 331.
KuCoin operated by the Hong Kong company. Kucoin is not licensed to operate in the US.
#6 Huobi - 24h Volume: $ 358 727 945.
Huobi Global was founded in 2013 in Beijing. Headquartered in Singapore. Citizens cannot use Huobi in the US.
#7 Bitfinix - 24h Volume: $ 77 428 432.
Bitfinex is located in Taipei, T'ai-pei, Taiwan. Bitfinex is not currently available to U.S. citizens or residents.
My bitcoin-blog: https://sites.google.com/view/cardano-potential-growth/