Tag: measures
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Axelar Faces $4.67 Million Token Loss in Targeted Cross-Chain Exploit, Initiates Emergency Containment Measures
Axelar, a prominent cross-chain infrastructure provider, has moved swiftly to contain the fallout from a security incident that has resulted in the loss of approximately $4.67 million worth of tokens. The breach specifically targeted assets bridged via the Inter-Blockchain Communication (IBC) protocol from the Axelar chain to Secret Network, prompting immediate emergency action to sever…
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Global Crypto Regulatory Landscape Transforms as Major Jurisdictions Implement Landmark Oversight Frameworks and Sanctions Measures
The global cryptocurrency sector has entered a transformative era of oversight as of July 2024, marked by a coordinated tightening of regulations across the United Kingdom, the European Union, Australia, and Taiwan, alongside aggressive national security actions by the United States. This shift represents a decisive move away from the "regulatory sandbox" era toward a…
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