by Giorgi Kostiuk
2 years ago
The first quarter of 2024 witnessed a significant financial loss of over $502 million due to 223 onchain security incidents, as per CertiK's latest "Hack3d" security report. Out of this amount, private key compromises accounted for $239 million, which was more than half of the total losses recorded during this period.
Suggestions put forth by CertiK co-founder Ronghui Gu include the adoption of multisig wallets and multiparty computation within the community to strengthen security measures.
Former UK Prime Minister Boris Johnson expresses concerns about Bitcoin, labeling it a Ponzi scheme in a recent column.
Bitcoin recently reached a significant liquidity pocket near the 73,000 level, experiencing a sharp reaction after testing overhead supply.
Custodia Bank has lost a legal battle regarding the Federal Reserve's authority over master accounts, with the US Court of Appeals denying its request for a rehearing.
Billionaire investor Stanley Druckenmiller believes stablecoins will become central to the US payments system in the next decade.
Michael Saylor remains confident in Bitcoin's future despite current market challenges.
SocksEscort was involved in various cybercrimes, including bank fraud and cryptocurrency account takeovers, affecting victims globally.
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