The Verus Ethereum bridge was reportedly exploited, resulting in a loss of approximately $11.6 million in a recent decentralized finance (DeFi) attack. The incident highlights vulnerabilities in cross-chain bridges, which have become frequent targets for hackers. Following the exploit, the Verus team is investigating the breach and has urged
Kraken has laid off 150 employees as part of a strategy to enhance efficiencies through artificial intelligence. This workforce reduction is expected to impact the company's plans for an initial public offering (IPO), potentially causing delays. The cryptocurrency exchange is focusing on streamlining operations amid a challenging market
Bitcoin Depot, the largest bitcoin ATM operator in North America, has filed for bankruptcy as part of a restructuring plan. The company aims to address its financial challenges while continuing to operate its network of ATMs. This move comes amid a broader downturn in the cryptocurrency market, which has affected
Aave has reinstated ether borrowing limits following a significant exploit that resulted in a loss of $230 million. The protocol temporarily paused ether borrowing to address security concerns after the incident. Aave's team has implemented measures to enhance security and prevent future vulnerabilities. The restoration of borrowing limits
The article discusses the escalating competition between cryptocurrency firms and regulators in the realm of security, driven by advancements in artificial intelligence (AI). As cyber threats become more sophisticated, compliance teams are struggling to keep up with the rapid pace of AI-driven attacks. This has led to concerns that regulatory