Tag: #CyberAttack
The CEO of Indian crypto exchange Coindcx has strongly criticized Wazirx’s cyberattack response after the platform recently suffered a massive $230 million breach. Sumit Gupta, CEO of Coindcx, voiced his concerns on social media platform X, condemning Wazirx’s decision to pass 45% of the losses onto its customers. “Making customers directly absorb the 45% losses […]
WazirX, a leading cryptocurrency exchange, has approached its former partner Binance for assistance following a devastating $230-million cyberattack. Industry sources reveal that Binance holds significant control over WazirX’s revenue and WRX tokens, which has complicated WazirX’s ability to reimburse affected customers. As of July 18, the date of the hack, Binance held WRX tokens worth […]
In espionage, a honeypot is a tactic where spies use romantic relationships to extract secrets, a strategy often called a “honey trap.” In cybersecurity, a honeypot operates similarly by luring cybercriminals into a trap. It is a decoy system designed to attract hackers, providing valuable insights into their methods and deterring them from attacking real […]