Days after unknown hackers breached the WazirX crypto exchange and stole $234 Million amounting to half of investors’ funds, the exchange founders announced a bounty program to recover the stolen assets.  On July 18, a massive security breach was reported in the multisig wallet of WazirX, India’s largest cryptocurrency exchange, which led to the theft

Following a massive hack, WazirX, India’s largest crypto exchange, has faced a setback in its stride, with investors anxious about their funds amidst a gloomy future.  On Thursday, WazirX experienced a security breach in their multi-sig wallet, leading to a loss of $235 million, which amounts to half of their investors’ funds.  As of now

WazirX and Liminal Custody, the lead actors of yesterday’s hacking fiasco are playing the Blame Game with each other for the success of the attack. The staggering $230 million crypto theft has exposed a bitter rift between two companies entrusted with safeguarding digital assets, leaving users scrambling for answers. WazirX claims the attack targeted a

This week was a crazy one in US politics, which had all kinds of implications for crypto markets, it turns out.  Maybe the biggest winner amid all the turbulence is Polymarket, the prediction market that’s become the leading one in crypto following a $45 million Series B round led by Founders Fund in May.  According

Bitcoin hit a one-month high price, surging 5.5% over the past 24 hours. Solana rose 8%, topping $170 for the first time since early June. Crypto observers highlight the resiliency of decentralized blockchains as a malfunctioning software update caused worldwide disruptions in IT systems. The crypto rally resumed on Friday with bitcoin (BTC) notching its

Ethereum core developers continue to grapple with the scope of the forthcoming Pectra upgrade, specifically the inclusion of EIPs related to the EVM Object Format (EOF). Thursday’s All-Core Devs call was dominated by debate over the feature set due to concerns raised by Geth developer Marius van der Wijden. In a recent blog post, van

BitForex will come back online to process withdrawals. The exchange’s team were detained and investigated by police in China on Feb. 23. All operations and services will cease after withdrawals take place. 07:56 Why Bitcoin Miners Have Flocked to Texas 05:15 Bitcoin Slips to $29K Level Amid WSJ Report on Binance 13:59 Sen. Tuberville on

Welcome to the On the Margin Newsletter, brought to you by Casey Wagner and Felix Jauvin. Here’s what you’ll find in today’s edition: Why is digital asset compliance a low priority for crypto companies? We unpack survey results.  VCs are making fewer, but more sizable, crypto deals in Q2. Let’s peek at the numbers. It’s

Ryan Selkis stepped down as CEO of Messari, the crypto data and research firm he co-founded, following a series of inflammatory tweets about politics, civil war and his desire for an immigrant to get expelled from the country. He announced his departure Friday on X, the social media platform where he pumped out a flood

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox.  Subscribe to the Lightspeed newsletter . Howdy!  Welcome back to the forty-fourth edition of Lightspeed, where we can’t airdrop you tokens, but we will airdrop you knowledge, insight and generally good vibes. Oh, and your allocation is always 100%.