The year 2024 has been about many things, one among them was a shift in the crypto industry to the increase in phishing as one of the worst forms of cyber threats, with 296 attacks, which cost the industry $1.05 billion. According to Certik’s Hack3d report, this represents 40% of the Crypto stolen so far …
The cryptocurrency industry experienced a lot of success in the year 2024 in terms of entry into the mainstream market. With that, the industry also saw major security breaches. The annual report by Certik is revealing; it shows 760 breaches the crypto industry lost over $2.36 billion in losses, a 31.61% increase from 2023. Escalating …
The December of 2024 was seen to be volatile for the cryptocurrency market. According to Peckshield’s monthly report, 25 hacking attacks occurred with losses of up to $24.7 million. Despite that, the figure is down by 71% from the previous month of November and can be considered one of the months of lowest losses in …
As a worrying violation, the official communication X of Superchain Ecosystem Twitter page (@SuperchainEco) was hacked and used to ‘post’ phishing links, Scam Sniffer, a Web3 anti-scam firm has reported. The hackers then used the account to share with other users links containing information intended to mislead the users into releasing information which was accompanied by …
Cryptocurrency fraudsters have developed a new tactic in the blockchain space where the would-be users of crime are the victims. The scam that was mainly identified on YouTube, are comments that are created to attract users with seed phrases to wallets holding thousand-dollars of cryptocurrencies. How Crypto Scams Are Exploiting Seed Phrases to Lure Victims …
Recent restructuring activities at WazirX have annoyed creditors as they saw similarities to Vauld’s failed restructuring that transpired over two years ago. Both companies hired Kroll, an international restructuring firm that fuels speculations regarding mismanagement, opacity, and the consequences for creditors in the long term. The Vauld Experience: A Warning for Wazirx Due to the …
PeckShield has reported a token that manipulates the ‘Squid Game’ name, utilised in a recent launch on the Base blockchain. In this case, the token has lost 99% of its value as soon as the coin started, and many investors lost significant amounts of money. This must be the hand of the deployer, the largest …
The Crypto Council for Innovation CEO Sheila Warren lost her X account to hackers that was used to advertise the fake $SPELL token. The attacked post claimed $SPELL as an artificial intelligence and crypto project intended for Web3 and Solana. The Crypto Council was quick to respond to the new post and denounced it as …
The crypto world stays to be the area of new discoveries on one hand, and hackers on the other. The major happenings for the current week were the creativity of hackers in hacking and the weak spots still existing in the ecosystem. Below, is a close-up view of the hacker attacks this week. Fraudsters in …
The Pig Butchering scams turned out to be one of the most prevalent threatss in 2024 stealing around $3.6 billion in assets from crypto investors. In a report published by Cyvers, a Web3 security company, it was revealed that these scams mainly tricked the Ethereum blockchain with 150,000 wallet addresses conned across 800,000 transactions. What …
An elaborate scam has been detected, where attackers are now utilizing ad networks to perpetrate phishing attacks affecting the users of the Pudgy Penguins NFT project. According to ScamSniffer, the attack was uncovered after a user complained of being led to a fake Pudgy Penguins site through a Singapore news site. Subsequent research showed that …
Yat Siu, the co-founder, and executive chairman of Animoca Brands has had his X (previously Twitter) profile hacked in a cyber attack. Scammers employed the account for the promotion of the fake token with reference to the new Animoca Brands launch, causing a stir in the global crypto sphere. #PeckShieldAlert @animocabrands has reported that @ysiu's …
The X account of Animoca Brands co-founder Yat Siu was hacked to promote a bogus token in what appears to be latest in a string of similar hacks in the past month.
An old miner of DeFi recently became a victim of a phishing attack, where malware in the form of a fake Zoom app sucked $ 1 million out of the DeFi user’s wallet. 屋漏偏逢连夜雨早上起来发现推特被盗了，找回推特后，发现钱包被盗了，损失 1 M Usd0++ ，钱应该是找不回了事件逻辑是昨晚黑客伪装了一个推特，一眼看过去没问题，通过我的推特互动信息，伪装我是 XX…— Lsp (@lsp8940) December 24, 2024 The Attack Unfolds The victim described how he had received a …
In his recent research, On chai investigator ZachXbt has revealed an elaborate phishing attack that saw a threat actor make about $500k in the last month after attacking more than 15 high-profile X accounts among them Kick, Cursor, Alex Blania, The Arena, Brett and others. The accounts were used to control meme coin scams by …
North Korean hackers were behind the May 2024 theft of over 4,500 BTC from Japan’s DMM crypto exchange, resulting in a $305 million loss. U.S. and Japanese authorities revealed that the attack was affiliated with the TraderTraitor group, known for social engineering tactics. The hackers gained access to crypto wallet company Ginco’s communications system through …
Risks are rising regarding the stability of the Hyperliquid platform as some experts predict that it has been hacked by the North Korean Lazarus Group. Hyperliquid’s Troubled Waters Now the latest twist, Layer-1 DeFi platform, Hyperliquid, has had consecutive net outflows of over $250 million within 30 hours only. The issue was uncovered by Taylor …
In the cryptocurrency space this week, there was a rise in the incidence of cybercriminal activity, that was more common and elaborate than before. Ranging from multi-million dollar breaches to sanctions on laundering operations and the size of losses point to the need for better security mechanisms. Crypto Heists of 2024: Big Data Breaches Continues …
Initially owing creditors $4.2 million, Cryptopia’s liquidator Grant Thornton has distributed at least $225 million in crypto to hack victims in December.
The 2024 Chainalysis Crypto Crime Report underscores a troubling reality: The crypto loss growth was significantly marginal with the total amount lost to crypto hacks reaching $2.2 billion, 21% higher than in 2023. 303 cases of crypto theft were noticed in 2024 while there were fewer of 282 cases in 2023. This is the fifth …
This is the fifth TownHall and is arranged as part of WazirX’s parent company; Zettai Pte Ltd’s ongoing restructuring process within its organisational structure. The session is to be scheduled on December 19, 2024, at 6 PM IST. The creditors will be informed regarding the Proposed Scheme Terms, the process of restructurings and the timelines …
CertiKInsight has detected a flashloan exploit in Slurpycoin in the Binance Smart Chain (BSC). The attacker exploited the token’s buyback mechanism and made about $3K through the sandwich arbitrage strategies. For instance, this exploitation appears closely related to an earlier attack of July 2 aimed at the MRP token and resulting in a $10K loss. Users and …
WazirX hack news has taken a dramatic turn as the Delhi High Court ordered a fresh investigation into the $235 million breach, following the Police’s failure to find criminal evidence in their initial probe. Coinciding with this development, Binance declared its intent to delist WazirX’s native token, WRX, on December 18th, escalating challenges for the …
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions against two people and an associated company who are involved in a complex cryptocurrency money laundering operation tied to Pyongyang. The operation channelled millions of dollars to finance the WMD and ballistic missile regime. The two persons, including Lu Huaying …
The effects of LastPass’ cyber attack that was recorded in 2022 are now affecting those who hold cryptocurrencies as over $5.36 million was stolen. This was discovered by blockchain detective ZachXBT, who shared that the “LastPass threat actor” attacked more than 40 addresses in the latest heist. The Latest Attack: $5.36 Million Stolen ZachXBT said …
The Online cryptocurrency community is put in more danger after MacOS Stealer Trojan, a malware that steals data from computers, became open-source. Purchased for 1 BTC before and the recent move to open-source the attack code has made the security threat even more of a real possibility. This is How the Malware Operates Slowmist’s security …
On Saturday night, rapper Drake’s X account was reportedly hacked to promote a fraudulent Solana-based memecoin called “$ANITA,” inspired by his cartoon alter ego, Anita Max Wynn. The posts, falsely claiming a partnership with Stake, Drake’s crypto betting platform, reached over 39 million followers. The scam drove $5 million in trading volume before users realized …
This week has been one of the most unstable for the cryptocurrency world, with cybercriminals making their presence felt in unexpected ways. From decentralized exchanges and hardware wallets to social media accounts and entire blockchain networks, hackers have targeted some of the industry’s most trusted platforms. These attacks reveal critical vulnerabilities that have remained hidden, …
Ledger’s reputation is in question as a Reddit user @anchor_drops claimed to have lost $2.5 million worth of digital assets; including 10 Bitcoins and $1.5 million in NFTs- stolen from their Ledger Nano S hardware wallet. Although they had their seed phrase stored securely and only performed safe transactions, the user stated that the hack happened …
69% of Dogecoin’s active nodes were rendered dysfunctional after a hacker exploited the blockchain network’s weakness. The attack which affected the older versions of the network has presented the dogecoin community with security and robustness issues. The Extent of the Exploit Data highlighted by blockchain analytics platform Blockchain, the number of active Dogecoin nodes dropped …