AI-powered deepfake scams targeting crypto wallets are rising, with experts warning of evolving threats and urging users to protect their digital assets.
Blockchain security firm Asymmetric Research privately disclosed the vulnerability to Circle, which has since been addressed.
The bank services several crypto-friendly financial technology companies.
According to a recent Chainalysis report, thefts resulting from crypto hacks and exploits have totaled $1.58 billion in 2024.
Coinbase currently holds approximately $270 million in customer assets.
The BWA’s initiatives highlight an increasing awareness of the importance of cybersecurity in preserving trust and integrity in digital finance.
“We are likely to experience similar incidents,” said Binance CSO Jimmy Su in the wake of the global computer outage.
A malicious Zoom look-alike makes it seem like a video conference is stuck in infinite loading, prompting users to install and run even better-disguised malware than before.
The hacker behind the $230 million WazirX hack has moved another $57 million of the stolen funds, as the exchange is doubling down on its bug bounty efforts.
This breach highlights the ongoing challenges in maintaining data security, especially in today’s centralized storage systems.
The exchange remains focused on addressing the impact on customer funds and ensuring the security and integrity of their platform.
Although no major crypto exchange was affected by the CrowdStrike downtime, analysts provided possible impacts in a case where they are.
Although no major crypto exchange was affected by the CrowdStrike downtime, analysts provided possible impacts in a case where they are.
Rho Markets has already paused its platform in response to the security breach.
As the digital threat landscape continues to evolve, incidents like this underscore the need for robust update and patch management processes.
The “Layer 0” network was created in collaboration with the United States Department of Defense and is now open for commercial Web3 applications.
According to data from cybersecurity firm Cyvers, stolen funds on centralized exchanges increased 900% year over year in the second quarter.
The Dfinity Foundation’s new platform, Utopia, promises enhanced security and sovereignty for government and enterprise cloud infrastructures.
Nearly $19 billion worth of digital assets have been lost to exploits in the past 13 years, with $2.9 billion stolen during the largest single crypto theft during the 2019 Plus Token fraud.
The security integration uses Blockaid’s threats database to screen for increasingly sophisticated phishing scams and exploits impacting Web3 users.
"Once you get hacked in most of the cases you're done," CEO Dadosh said. "And this is what we're trying to prevent."
Pink Drainer, infamous for aiding in crypto thefts, decided to shut down operations after amassing over $85 million in stolen assets.
An attacker could have placed a limit buy order with an arbitrarily high open price to automatically win every trade, the Zellic security platform discovered.
As phishing attacks rise, crypto exchanges tell users to keep their funds safe by using YubiKey devices and Passkeys, along with hardware wallets.
NIST allocated nearly $3.6 million in cooperative agreements to enhance the cybersecurity workforce aiming to combat the growing threat of cyberattacks.
Elon Musk rolled out the paid verification model on X, earlier known as “Twitter Blue,” to fight the scammers and spammers thriving on the platform before his takeover.
Sonali Giovino, global head of ecosystems at De.Fi, believes decentralized finance security has gotten more coverage over the years because risks discourage adoption.
Blockchain outperformed artificial intelligence, machine learning, private cloud, and cloud security.
The crypto exchange team confirmed the attack on Feb. 18, a few hours after the first reports emerged on X (formerly Twitter).
The drainers, available on scam-as-a-service marketplaces, can flip a conditional within an on-chain transaction.