DeFi Platform TrustedVolumes Hit by $6.7M Exploit
DeFi platform TrustedVolumes suffered a $6.7 million exploit, exposing vulnerabilities in smart contract security. The hack highlights ongoing risks in decentralized finance despite increased institutional adoption. Market sentiment remains cautious as major cryptocurrencies decline, with Bitcoin down 2% and Ethereum falling 3.35%. Indian crypto investors should monitor protocol security audits closely before deploying capital in emerging DeFi platforms.
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Hardware Wallet Thief Gets 78 Months in Prison Over $250M Crypto 'Heist'
A hardware wallet thief received a 78-month prison sentence for stealing $250 million in cryptocurrency. The case highlights critical security risks in digital asset storage and custody. This conviction underscores the importance of robust security protocols for Indian investors managing crypto holdings, particularly those using hardware wallets for long-term storage of Bitcoin and other major assets.