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08 Jul 2022

Crypto market loss balloons to $670 million in Q2 globally

2nd quarter of 2022, the global Cryptocurrency market loses $670 million 97 percent of the losses were due to hacks and scams, a report said 46,000 Americans reported losing over $1 billion in crypto to scams since 2021, an FTC report said

11 Aug 2021

Hackers return $260 million of stolen $600 million to Poly Network

Tom Robinson, Ellipic`s co-founder, said the extraordinary move could have been prompted by the headaches of laundering stolen crypto on such a scale. The size of the theft was comparable with the $530 million in digital coins stolen from Tokyo-based exchange Coincheck in 2018. The latest attack comes as losses from theft, hacks and fraud related to decentralised finance (DeFi) hit an all-time high.

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