# DeFi coverage protocol expands protection against centralized exchange hacks

# DeFi coverage protocol expands protection against centralized exchange hacks

“# DeFi coverage protocol expands protection against centralized exchange hacks ” DeFi coverage protocol Nexus Mutual expanded the list of centralized exchanges eligible for incident protection. Users trading on Binance, Kraken, Coinbase and Gemini are now able to buy protection in the event of an exchange hack or prolonged withdrawal downtime. The project announced the…

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# Livecoin exchange goes offline after Bitcoin price reportedly exceeds 0K

# Livecoin exchange goes offline after Bitcoin price reportedly exceeds $320K

“# Livecoin exchange goes offline after Bitcoin price reportedly exceeds $320K ” Livecoin, a lesser-known Russian cryptocurrency exchange, has abruptly halted operations in the aftermath of an alleged hacker attack on Christmas day. According to Livecoin’s main page, the exchange has suffered a “carefully planned attack” causing the platform to lose control of all of…

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# Bitgrail’s founder contributed to 0M loss, Italian authorities allege

# Bitgrail’s founder contributed to $150M loss, Italian authorities allege

“# Bitgrail’s founder contributed to $150M loss, Italian authorities allege ” Italian authorities have found Bitgrail’s founder responsible for fraudulent activity related to the platform’s $150 million hack in 2018. Francesco Firano, the sole director of now-defunct cryptocurrency exchange Bitgrail, is accused of taking over customer funds prior to reporting the theft of crypto from…

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