Ethereum $ 462.12, DeFi, KuCoin $ 0.8420 – European Wrap 11 November

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The unannounced hard fork on the Ethereum blockchain causes problems for the cryptocurrency sector

Sudden technical problems with infrastructure provider Ethereum Infura frightened the cryptocurrency community on Wednesday. Numerous trading platforms and wallet service providers, including Binance and MetaMask, have been forced to suspend ETH deposits and withdrawals, citing price updates. Read more…

Hackers have stolen nearly $ 100 million from the DeFi industry since the start of the year

Hacking activity in the DeFi space has been gaining ground since the beginning of the year. According to the recent CipherTrace report, losses from hacks, thefts and fraud total $ 99 million. Read more…

The DeFi sector loses $ 100 million to hackers in 2020

KuCoin is on track to reopen all operations after recovering 84% of the $ 280 million hack

Asia-based cryptocurrency exchange KuCoin managed to recover 84% of the funds lost in the massive hacking incident on September 25. The co-founder and CEO of the exchange, Jonny Lyu, confirmed on his Twitter account that on-chain monitoring, contract update and judicial recovery made it possible to recover approximately $ 235 million of the $ 280 million stolen by hackers. . Read more…

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