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Category insurance fund

$36 million Upbit hack revives the quiet truth about hot-wallet ‘insurance’

$36 million Upbit hack revives the quiet truth about hot-wallet ‘insurance’

When Upbit detected unauthorized withdrawals of roughly $36 million in Solana tokens from a hot wallet on Nov. 27, CEO Oh Kyung-seok went on record...
FTX co-founder says SBF fabricated data on the exchange’s insurance fund

FTX co-founder says SBF fabricated data on the exchange’s insurance fund

FTX co-founder Gary Wang has testified in the ongoing Sam Bankman-fried lawsuit and revealed that the insurance fund amount released by FTX was fal...