Mt. Gox: Inside the Bitcoin Exchange Collapse – A clear-eyed review of operational failures, security breaches and legal fallout that reshaped crypto regulation and investor trust worldwide.
The tech giant GMX was hit with a large financial penalty due to an exposed security flaw that left hundreds of accounts vulnerable to malicious hackers. GMX took immediate action to rectify the issue and protect its customers, but the hefty price has now been paid.
DeFi lending platform, Optimism Finance, has suffered a $7M attack resulting in the collapse of yet another crypto bridge. Users are warned to be cautious as their funds may be at risk.
Solana’s Cypher Protocol experienced a severe security breach, resulting in the loss of $1M worth of cryptocurrency. Investigators are working to determine the cause of the breach.