Loses $15M Worth Of Ethereum: PeckShield Loses $15M Worth Of Ethereum: PeckShield
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The crypto space is no stranger to hacks and security breaches. is the latest victim here. Fresh reports suggest that hackers may have siphoned off $15 million worth of Ethereum [ETH] tokens from popular cryptocurrency exchange

After observing reports from users of “unauthorized activity,” the team announced suspending withdrawals on its platform on January 17th. Shortly thereafter, withdrawals were also paused. Kris Marszalek, the CEO of the Singapore-based firm announced via Twitter that no user funds were lost. He also revealed that took 14 hours to resume withdrawals and ensured that the team has “hardened the infrastructure in response to the incident.”

While no official confirmation on the losses has been made public so far, blockchain security and data analytics company PeckShield claimed that half of the stolen crypto is currently being laundered using Ethereum-based coin mixing solution Tornado Cash. Its tweet regarding the same read

“The loss is about $15M with at least 4.6K ETHs and half of them are currently being washed via Tornado Cash.” Loses $15M Worth Of Ethereum: PeckShield

Previously, a Twitter user and a crypto enthusiast, Ben Baller revealed that his account was breached and he lost 4.28 ETH. Baller also claimed to have used two-factor authentication [2FA]. A few hours later, the user updated the community that had replaced the missing funds from his wallet.’s Expansion

The latest incident comes in the heels of expanding its venture arm’s fund size to $500 million. According to reports, the fund will engage in seed and series-A deals, for approximately $10 million checks for the series-A.

The firm had launched unveiled its maiden fund of $200 million in March last year. So far, the initial fund was deployed to support around 20 startups such as YGG SEA, multi-chain crypto portfolio tracker DeBank, cross-chain token infrastructure Efinity and Ethereum scaling service Matter Labs.’s Five-Year Partnership Loses $15M Worth Of Ethereum: PeckShieldIn yet another development, the Australian Football League [AFL] announced forging a five-year partnership with As per reports, the exchange will become the Official Cryptocurrency Exchange and Official Cryptocurrency Trading Platform of AFL and AFLW. In addition to that, will also feature as the exclusive naming rights partner of the ‘ AFL Score Review’ for all Toyota AFL Premiership Season as well as Final Series matches.

AFL chief executive Gillon McLachlan was quoted saying,

“Cryptocurrency and blockchain technology is a dynamic and emerging industry, and the AFL is delighted to partner with to be at the forefront of the industry’s growth in Australia.”


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