X-Industry

More than $22 million worth of cryptocurrency was stolen from the Gala Games this week after someone compromised the blockchain platform.  The company confirmed that it dealt with a security incident on 20 May, writing on social media that it was an “isolated incident, the cause of which has been addressed.”

“We are working closely with law enforcement to investigate the individuals behind the breach,” the company said, noting that it will provide updates as the investigation continues.  Gala Ga

The US Department of Treasury placed sanctions on 08 August 2022 regarding Tornado Cash, a leading "crypto mixer" for transactions in virtual currency that US officials describe as a hub for laundering stolen funds, including by North Korean hackers.   The Treasury Department reported Tornado Cash had been used to transfer at least $96 million of funds stolen in June from crypto exchange service Harmony Bridge and another $7.8 million of the nearly $200 million in cryptocurrency hacked from Noma

The Ronin Network announced yesterday that hackers have stolen more than $600 million worth of Ethereum (173,600 ETH) and $25.5 million of US dollar-pegged stablecoin USDC, making it one of the largest decentralized finance (DeFi) hacks to date.  The company, which is tied to the popular blockchain game Axie Infinity, said in a Substack post that they suffered a security breach on March 23. Sky Mavis, a blockchain gaming company, built and controls the Axie Infinity game. 

The hack involved the