Several reports that have recently surfaced have revealed the extent of losses that crypto platforms and users faced during 2023 as a product of exploits and hacks. TRM Labs’ latest report states that the number ascended to $ 1.7 billion, while De.fi, another Web3 security firm, states that this number reaches higher, to $ …
On Tuesday, Tether Holdings Ltd.’s financial statements for the third quarter of 2023 were validated by BDO, an internationally known independent public accounting firm. The firm gave an assurance opinion, revealing $ 3.2 billion in surplus reserves supporting the company’s tokens, some of which are backed by U.S. Treasuries. Report Shows Over 85% of …