November most ‘damaging’ month in 2023 as thieves pilfer $363M in crypto

The cryptocurrency industry has now seen its most “damaging” month for crypto thievery, scams, and exploits, with crypto criminals walking away with $363 million in November, according to a blockchain security firm. Around $316.4 million came from exploits alone, flash loans inflicted $45.5 million in damage, and $1.1 million was lost to various exit scams, CertiK stated in a Nov. 30 X (formerly Twitter) post. #CertiKStatsAlert Combining all the incidents in November we’ve confirmed ~$363M lost to exploits, hacks and scams This makes November the most damaging month this year…

Swiss crypto bank Seba rebrands to Amina amid global expansion

Major Swiss cryptocurrency-enabled bank Seba is changing its name amid growing ambitions to expand its trading services worldwide. Seba Bank AG has rebranded to Amina Bank AG, the firm announced to Cointelegraph on Nov. 30. “We opted to change our name from SEBA Bank due to similarities with SEB Bank in Sweden. SEB Bank and SEBA Bank agreed to a name change in 2023,” Amina CEO Franz Bergmueller told Cointelegraph. The new name, Amina, stems from the term “transamination,” meaning the transference of one compound to another, the firm said…