Sanctions on dozens of Russian centralized exchanges and a decline in onchain payments made by victims helped reduce extortion figures.
The crypto industry lost a further $73.9 million in January due to exploits, representing a ninefold increase month-over-month.
The disclosure was made after crypto sleuth ZachXBT wrote about the exploit in his “Investigations by Zach” Telegram channel.
More than $70 million worth of cryptocurrencies were drained from the platform, likely by a sophisticated group of actors.
The attackers now opt for more 'sophisticated' malware to target crypto investors via trading or airdrop groups on Telegram.
The security incidents occurred days after a researcher discovered a critical bug in a Virtuals Protocol audited contract, which was fixed.
The fake MOCA token on Solana exploited Animoca's links to Mocaverse and the Moca Network.
Crypto hackers had a busy year in 2024 and cybersecurity experts warn that continued advances in artificial intelligence could bring new attack vectors in 2025.
According to cybersecurity firm Recorded Future, North Korean hacker groups have stolen approximately $3 billion in funds since 2017.
Users should not click on any airdrop links shared in EigenLayer’s recent post, warned onchain detective ZachXBT.
Phishing attacks are a growing concern in the crypto industry, accounting for over $46 million worth of cryptocurrency stolen during September.
According to crypto security firm Scam Sniffer, 9,145 users were victims of phishing attacks during August 2024, losing funds as a result.
According to crypto security firm Scam Sniffer, 9,145 users were victims of phishing attacks during August 2024 and lost funds as a result.
Decentralized finance (DeFi) hacks remain a major threat to the industry despite a reduction in the amount stolen in 2023, according to blockchain security firm Halborn.
OrdiZK, a project that set out to become a bridge between the Bitcoin, Ethereum and Solana blockchains, appears to have pulled an exit scam, according to blockchain security firm CertiK.
Over $120 million in XRP was stolen from Ripple Labs Executive Chairman Chris Larsen earlier this week.
The figure is roughly half the estimated $4.2 billion of 2022, a year that also included $40 billion lost through the collapse of Terra, Celsius and FTX.
Sometimes, the law is the law, industry experts say.
The duo will help companies adhere to crypto regulations and advance anti-money laundering compliance programs.