Multichain Hack Worsens as Loss of Funds Reaches $3M: Report

Hackers have continued to exploit a vulnerability in the cross-chain bridge Multichain about three days after the weakness surfaced, and have stolen about $3 million in cryptocurrency, according to a report by the online publication Vice. “The hack against Multichain users keeps getting worse,” Vice reporter Lorenzo Franceschi-Bicchierai tweeted. A number of Multichain users have … Read moreMultichain Hack Worsens as Loss of Funds Reaches $3M: Report

Australian Regulator Warns Against Investing Retirement Funds in ‘High Risk’ Crypto-Assets

An Australian regulator has warned residents seeking to self-manage their retirement funds to be wary of investing in crypto-asset investments that promise high returns in a short space of time. The regulator reiterates in the warning that crypto-assets are a high-risk and speculative investment. Scammer Tactics The Australian financial services regulator, the Australian Securities and … Read moreAustralian Regulator Warns Against Investing Retirement Funds in ‘High Risk’ Crypto-Assets

Crypto Exchange Bitfinex Stops Servicing Ontario Customers, Asks Users to Withdraw Funds

Cryptocurrency exchange Bitfinex has asked its Ontario users to withdraw their funds since they will no longer have access to any services offered by Bitfinex in March. Bitfinex Stops Providing Services to Ontario Customers Crypto exchange Bitfinex announced Friday that it is making changes to the services it provides to Ontario customers. Effective immediately, the … Read moreCrypto Exchange Bitfinex Stops Servicing Ontario Customers, Asks Users to Withdraw Funds