
India's largest crypto exchange to absorb $16M loss tied to retired wallet
The Mumbai-based exchange initially called reports of suspicious outflows a false alarm, then disclosed a $16 million loss from an internal process failure.
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Original coverage across the crypto market, updated daily.

The Mumbai-based exchange initially called reports of suspicious outflows a false alarm, then disclosed a $16 million loss from an internal process failure.

Bitquery traced the stolen funds into XMR1 purchases on Hyperliquid, but said it cannot confirm every affected wallet belonged to an NGRAVE user.

An unidentified Hyperliquid trader realized about $469,000 in losses overnight before adding 1,126 ETH of fresh short exposure, per CryptoSlate.

An unidentified trader on the Hyperliquid perpetuals exchange realized roughly $469,000 in losses overnight before adding 1,126 ETH of fresh short exposure.
The hardware wallet maker has paused sales through reseller CryptoBilis and warned recent buyers, while an analyst attributes roughly $86 million in losses to the situation.
Hardware wallet maker halts CryptoBilis sales and warns recent buyers after an analyst claims $86 million in user losses tied to the reseller channel.

Igloo CEO Luca Netz said the company funded the Abstract blockchain for 18 months without finding product-market fit, with losses reaching tens of millions.

Anthropic's prospectus outlines $518B in AI infrastructure spending despite heavy losses, while pre-IPO perpetual futures on crypto venues barely moved.

Tectonic and Moonwell hit by price manipulation attacks, with combined losses estimated at over $84 million.

Report: Zondacrypto boss Przemysław Kral faces fraud charge, cooperates with prosecutors amid $650M customer losses.

Ionic's quarterly update shows AI lease dominates revenue while Bitcoin mining drives losses.
Former presidential candidate Andrew Yang pushes for taxing AI to offset job losses, citing Bridgewater's 18% displacement estimate.

Option gains of $344,849 offset less than 30% of the fund's roughly $1.2 million in crypto-linked losses.

New York filed a July 31 petition asking a judge to compel Kalshi to disclose local bettors' names, wagers, and losses.

State petition demands identities, wagers, losses and restitution from prediction platform.

OpenAI internal benchmark incident shows autonomous exploit chains could threaten smart contract security with irreversible losses.

Polymarket faces probe into marketing practices as hack losses climb to $3.1 million.
Elizabeth Warren and Bernie Sanders lead calls for protections as automation concerns mount.

Bitcoin's realized losses remain $35 billion below the 2022 total, indicating the bear market may still have room to run.

BitMEX co-founder Arthur Hayes cautions that Hyperliquid's use of trading fees to burn tokens exposes it to market share losses.