News list for " security of funds"
The price of the XPL perpetual contract on the Aster platform rose to $4 for a short time and is now trading at $1.37. In response, Aster said that it has noticed abnormal price fluctuations in the trading pair, user funds are safe and sound, and the team is conducting a comprehensive investigation and will compensate affected users for their losses.
Sumit Gupta, co-founder of Indian crypto exchange CoinDCX, who was hacked by "on-chain detective" ZachXBT yesterday, wrote on the X platform to reaffirm the safety of customer funds. All user assets are stored in isolated cold wallets. The incident is limited to a single actionable liquidity provider account, and transactions and withdrawals are carried out normally. CoinDCX is working with law enforcement agencies to recover stolen funds and is about to launch a recovery bounty program.
On April 10th, ZKFair said that the ZKFair cross-chain bridge has been upgraded from the original ZK bridge to a multi-sign bridge, and the funds are completely safe. The ZKFair cross-chain bridge can withdraw money at any time. Previously, due to the limited ability of Prover, the withdrawal speed was slow and the user experience was not ideal. In order to improve efficiency and security, all funds are now managed through multi-sign settings. Previously, the founder of Slow Mist, Cosine Monitor...
Paolo Ardoino, CEO of Tether, wrote on the X platform that the Bitfinex data breach may be fake news, and the funds are currently safe. The sample data contains 22,500 emails and password records. Bitfinex does not store clear text passwords, nor does it store 2FA secrets in clear text. Only 5,000 of the 22,500 emails were matched to Bitfinex users The alleged hackers did not contact Bitfinex.
Chainge CEO DJ Qian said that user funds are safe and protocol assets are being transferred to Chainge's own address and will be returned for security reasons after the smart contract-based cross-chain infrastructure is upgraded. Previously, according to Paidun monitoring, there may be vulnerabilities in the Chainge code of the cross-chain liquidity protocol, which can lead to unauthorized transfer of funds.
