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Hack

Hackers hacked hot wallets of Bilaxy bitcoin exchange

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Seychelles-based cryptocurrency exchange Bilaxy reported a hot wallet hack. Users were advised to refrain from making deposits. The company does not disclose the amount of damage. On the night of August 28-29, Bilaxy suddenly stopped working. According to MyCrypto security analyst Harry Denley, the...

InsurAce Defi

InsurAce’s New 'DeFi Insurance' Protects Users From Attacks

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Singapore-based InsurAce surged $1 million in a seed round led by Arthur Cheong of DeFiance Capital. The number of DeFi hacks is growing noticeably, especially now that DeFi’s Total Valued Locked hits new records this year. According to Ciphertrace, hackers have targeted $100 million since...

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