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Tag Archives: News

Mt. Gox Conducts Test Transactions With Bitstamp, Indicating Massive Transfers Soon

Mt. Gox has initiated test transfers with Bitstamp cold wallets, sending nominal amounts. It indicates the defunct exchange’s team will send more to the Bitstamp to process repayments to creditors. Arkham Intelligence identified these transactions and posted on X to let the crypto world know. “Mt. Gox addresses deposited $1 to 4 separate Bitstamp deposit addresses. Bitstamp is 1 of 5 exchanges working with the Mt. Gox Trustee to facilitate creditor repayments.” The blockchain intelligence...

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Fractal ID Data Breach Caused by Vulnerability Leading Back to 2022

Fractal ID, an on-chain identity platform, suffered a hack on July 14th, 2024, causing the sensitive data of 0.5% of its users, or 6,300 accounts, to be revealed to the bad actors. Analysis of the incident revealed that the breach occurred due to an operator with admin controls setting an insecure password in 2022. The password was a reused one, breaking operational security best practices and allowing the hacker to grab sensitive user-related data, including wallet addresses, KYC details,...

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