alt coins
Alt coins are defined by what they're not; explore this rapidly growing crypto category comprised of Bitcoin alternatives.
How a Crypto Comparison Tool Can Simplify Your Trading Journey
In a digital age ruled by data and volatility, cryptocurrency trading has evolved from a speculative hobby to a data-driven strategy game. With thousands of tokens, fluctuating markets, and diverse platforms, staying informed isn't just smart—it's necessary. That’s where a crypto comparison tool steps in, offering traders the insights they need to make informed decisions without drowning in noise.
By Siddarth Dabout a year ago in The Chain
Understanding Cryptocurrency Tokens: The Backbone of Blockchain Utility
In the rapidly growing digital economy, the term cryptocurrency token has become increasingly common. But what exactly is a cryptocurrency token? How does it differ from traditional currency or even from a cryptocurrency coin like Bitcoin? If you're exploring the world of blockchain, understanding what a cryptocurrency token is can help you make smarter decisions—whether you're an investor, developer, or just curious about decentralized technologies.
By Siddarth Dabout a year ago in The Chain
India’s Biggest Crypto theft: 234 millions dollars hacked
The Biggest Crypto Theft in India In India, digital assets worth ₹2,000 crore (approximately $234 million) vanished within minutes from a major crypto exchange named WazirX, sparking questions over how such a secure system was hacked and who the culprits were. On 18 July 2024, hackers allegedly stole around 45% of WazirX's reserves. At the time, WazirX was considered India’s largest crypto exchange, with over 16 million users. Exactly a year later, another Indian exchange, CoinDCX, suffered a theft of $44 million this month. Earlier in the same year, crypto exchange Bybit was hacked, with $1.5 billion worth of digital tokens stolen, making it the largest crypto theft in history. Crypto exchanges function like banks, except they use digital currency instead of fiat money and enable online buying and selling. The key difference is that banks are government-regulated, whereas crypto exchanges are often unregulated. After the theft, WazirX froze all user accounts, which remain frozen to this day. Most of these accounts belong to Indian citizens. WazirX claims it is working to return the lost and frozen funds to users, but many questions remain unanswered about how the digital currency was stolen. It's important to clarify that crypto trading is not banned in India, but the government does not regulate it officially—something crypto investors in India are generally aware of. The Indian government began investigating the WazirX theft in October 2024, but no concrete outcomes have been made public so far. Suffered the Loss? The victims range from crypto hobbyists to seasoned investors, who now find themselves battling the complexities of an emerging technology. Neeraj Gupta, a businessman from Bangalore, says he lost around ₹1 crore due to the theft. Gupta considered his crypto holdings a long-term investment and is hopeful WazirX will eventually return his funds. He said, "I thought exchanges do get hacked, but since every transaction is recorded on secure blockchain technology, I expected WazirX would recover the funds quickly. But this 'high-tech' system did not live up to expectations." How Did the Theft Happen? There is still no clear answer to how a system based on transparent and secure blockchain technology, with strong security measures, was breached. Several independent cybersecurity firms concluded that the hackers manipulated the exchange’s permission system, which was supposed to prevent unauthorized transactions. Crypto exchanges use a wallet system—reserves are usually stored in cold wallets (offline) and only small amounts are transferred to hot wallets (online) for transactions, to limit losses in case of theft. The theft happened in WazirX’s hot wallet. Co-founder Nischal Shetty told that the team noticed the hot wallet balance dropping, even as large withdrawal requests came in from a user. To meet the requests, the team transferred additional tokens from the cold wallet to the hot wallet. WazirX had a multi-signature approval system: any transaction required authorization from at least four people—three approvals from WazirX and one from Liminal, a Singapore-based firm. Liminal’s approval was an extra layer meant to monitor and stop suspicious or unauthorized transactions. However, researchers believe hackers tampered with transaction data, misleading both WazirX and Liminal into approving a malicious transaction. Shetty said the team realized what was happening within 30 to 60 minutes, but by the time they acted, the hackers had vanished with $234 million, leaving no trace. Who s esponsible? WazirX maintains that the theft did not originate from their system, and they have blamed Liminal for approving the final transaction. Nischal Shetty stated, “We are still waiting for a full explanation from Liminal, since it was their system we were using.” Shetty cited an audit by Mandiant, a Google-owned cybersecurity firm, which found no suspicious activity on the three WazirX laptops used in the transactions. Critics argued the audit was too limited and that more investigation is needed to fully understand the breach. Some users believe the theft may have involved insider collusion. Romy Johnson, who is campaigning for fund recovery, told a court that the misuse of approvals suggests the thief had access to wallets or administrative controls, which are only available to trusted high-level insiders. On the other hand, the governments of the US, Japan, and South Korea officially blamed North Korea’s “Lazarus” hacking group, known globally for targeting crypto platforms. Lazarus was also behind the $1.5 billion Bybit hack in 2025, the $625 million Ronin Bridge hack in 2022, and the $101 million Bangladesh Bank digital heist in 2016. Impact and Legal Complexities. The theft forced WazirX to shut down operations, shattering years of built-up trust. A data engineer who lost several lakhs in the hack said users trusted WazirX to safeguard their money, and "if the funds were stolen, the company must return them in full." Instead, the company froze every user's account, even those who were not affected by the hack. Romy Johnson, whose ₹20 lakh worth of crypto assets remain frozen, said this move unfairly punishes users. “Even if I get my money back, it will be only partial. This is a massive theft of my funds, and I did nothing wrong.” Why Was WazirX So Popular in India? Chartered accountant Sonu Jain, a WazirX user based in Bangalore, said the exchange branded itself as ‘India's Crypto Coin Exchange’, which worked to its advantage. As the platform grew, the world’s largest crypto exchange, Binance, claimed in 2019 that it had acquired a stake in WazirX, further boosting public trust. (Later, when Indian investigative agencies began probing WazirX for money laundering, Binance withdrew this claim. WazirX denies all allegations and maintains that it is owned by Binance.) Jain said WazirX’s popularity surged mainly due to its alleged Binance affiliation. Romy Johnson added, “We were proud to open accounts with WazirX, but in truth, it was a crypto exchange operating in India, but not wholly owned by an Indian company.” Why Are the Investigations So Complex? Despite the inherent risks in crypto trading, many WazirX users say they made good profits before the hack. Sonu Jain said several of his clients, whom he advised as a chartered accountant, lost ₹7–8 crore. Most of them only used WazirX, and their entire net worth was tied up on that platform. “They invested because WazirX was sold to them as an Indian institution.” Many users admit the hacking is beyond their comprehension. Not only is international cybercrime highly technical, but India’s lack of crypto regulation makes the situation worse. In November 2024, Delhi Police arrested a man from West Bengal, whose wallet (sold to an unknown party before the hack) was allegedly used in the theft. It’s still unclear how Lazarus gained access to that wallet. Legal Action and Future Prospects In an effort to recover funds, Indian users approached the courts, arguing that since they traded in Indian currency on WazirX and paid crypto-related taxes to the Indian government, the company should be held accountable in India and the government should intervene. However, in April, India’s Supreme Court dismissed the petition, stating that crypto is an unregulated sector and advised petitioners to seek help from financial and regulatory bodies instead. Separately, in August 2024, WazirX appealed to Singapore’s High Court (where its parent company is based) and proposed a partial fund recovery plan for users. The court approved the plan, and the company has stated it will now seek user input on how the reimbursements should be executed.
By Real contentabout a year ago in The Chain
Crypto Scam Recovery Services – A Legit Company For Hire
Have you lost cryptocurrency due to scams, hardware failures, lost seed phrases, or wallet issues? Recovering scammed funds is possible with expert assistance. Puran Crypto Recovery (PCR), the best crypto recovery company, specializes in reclaiming lost or stolen crypto, particularly from frauds like celebrity investment scams, pig butchering, and other investment schemes. With a proven track record of assisting thousands, PCR offers a straightforward, effective recovery process. Act fast—delays increase the risk of scammers moving funds to decentralized exchanges (DEXs) or converting them to assets like DAI, complicating recovery. Contact PCR at pucronline.com/contact/ to start reclaiming your assets today.
By Tyler Hamiltonabout a year ago in The Chain
Why Now Is the Best Time to Hire Stablecoin Developers: Navigating the Future of Digital Finance
The financial world is undergoing a transformation, and at the heart of this disruption is stablecoins. These blockchain-powered digital currencies offer the best of both worlds: the speed and decentralization of crypto, and the value stability of fiat money. But building robust, compliant, and scalable stablecoin solutions is no easy task. This is why companies, startups, and even governments are racing to hire stablecoin developers with the right expertise to lead them through this pivotal moment in financial evolution.
By Siddarth Dabout a year ago in The Chain
Why Every Smart Investor Needs a Crypto Comparison Tool with TokenScore in 2025
Cryptocurrency investing isn’t what it used to be. Gone are the days when tossing a few bucks into Bitcoin or Ethereum would lead to effortless profits. Today, the digital asset market is saturated with tokens — some revolutionary, many forgettable, and others outright scams. With over 25,000 tokens in circulation and more launching daily, how do you make sense of it all?
By Siddarth Dabout a year ago in The Chain
10 Best Cryptocurrency Token Development Companies in the USA to Watch in 2025
As blockchain technology matures, businesses and entrepreneurs are increasingly turning to tokenization as a way to build trust, transparency, and security into their platforms. Whether it’s utility tokens, security tokens, or non-fungible tokens (NFTs), the demand for professional services has never been higher. Choosing the right cryptocurrency token development company can make or break a project, especially in a fast-evolving landscape like the United States.
By Siddarth Dabout a year ago in The Chain
Top 10 Stablecoin Development Companies in Coimbatore That Are Revolutionizing the Crypto Ecosystem
As the global financial landscape continues to evolve, stablecoins have emerged as a vital innovation in bridging traditional finance and decentralized systems. With blockchain adoption accelerating in India, especially in Tier-II cities like Coimbatore, there's a surge in demand for expert blockchain developers who specialize in stablecoin creation. Whether you're a startup aiming to issue your own fiat-pegged currency or a fintech enterprise exploring decentralized finance (DeFi), choosing the right stablecoin development partner is crucial.
By Siddarth Dabout a year ago in The Chain
Are You Considering Crypto? The Best Way to Get Started in Investing Without Getting Burned
Cryptocurrency is everywhere right now—on the news, in your feed, possibly even in your friend organization chat. But if you've ever thought, “I kind of want to try it... but I have no idea where to begin,” you're now not alone.
By sheharyar khanabout a year ago in The Chain
AI Crypto Trading and TokenScore: The Smart Money Revolution Has Begun
The cryptocurrency market has never been short on innovation. From Bitcoin’s birth to DeFi, NFTs, and Layer-2 chains, the pace of change in this ecosystem keeps even seasoned investors on their toes. But among all the trends we’ve seen, AI crypto trading is shaping up to be one of the most transformative — especially as platforms like TokenScore redefine how traders understand, evaluate, and act on digital assets.
By Siddarth Dabout a year ago in The Chain
Top 5 Cryptocurrency Token Development Companies Powering the Future of Web3 in 2025
The crypto landscape is in the midst of a powerful transformation. In 2025, utility-based tokens — those that go beyond just holding value — are becoming the cornerstone of decentralized apps, gaming platforms, metaverse ecosystems, and DeFi protocols. Behind the scenes, this evolution is being driven by a select group of elite companies that specialize in cryptocurrency token development.
By Siddarth Dabout a year ago in The Chain
The Rise of Stability: Top Stablecoins 2025 Will Be Built on Trust, Tech, and Transparency
Cryptocurrency markets have never been short on excitement. From jaw-dropping Bitcoin rallies to memecoin madness, we’ve seen nearly everything. But while the spotlight often shines on the volatile side of crypto, it's the quieter cousins — stablecoins — that are redefining the foundation of digital finance.
By Siddarth Dabout a year ago in The Chain
