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A blockchain analyst under the pseudonym ZachXBT reported suspicious transactions from the wallets of the Australian exchange CoinSpot totaling $2 million. In his Telegram channel, blockchain detective ZachXBT pointed out two transactions. First, the attackers withdrew 1,262 Ethereum (ETH) and then another 20.99 ETH. The stolen funds were exchange d for Wrapped Bitcoins (WBTC) and stablecoins USDC and USDT. To do this, the attackers directly used the decentralized exchange Uniswap, the THORChain protocol, and the WBTC smart contract. CoinSpot exchange was founded in 2014, and so far, no incidents related to information security have been recorded on it. At the moment, representatives of the site have not confirmed the hack. The company’s website emphasizes that CoinSpot “maintains the highest security standards by storing the majority of assets in a cold wallet.” You might also like: Hackers exploit Onyx Protocol for $2.1m In October, hackers managed to exploit vulner

Binance said it’s cooperating with Australian regulators to meet local regulatory requirements amid reports of office searches. Binance Australia is working with local authorities on meeting compliance requirements amid report s alleging that the company’s offices were searched on July 4. "We are cooperating with local authorities and Binance is focused on meeting local regulatory standards in order to serve our users in Australia in a fully compliant manner,” a spokesperson for Binance Australia told Cointelegraph. The Australian Securities and Investments Commission (ASIC) conducted searches at Binance Australia locations on Tuesday, Bloomberg reported . The investigation was part of an ongoing probe of Binance’s now-defunct Australian derivatives business, the report notes, citing anonymous people familiar with the matter. Binance’s representative did not confirm or deny to Cointelegraph whether the company’s offices were searched, or even whether the company was aware of