Based on the data provided by CertiK alerts, 2024 has witnessed the enhanced use of phishing scams relating to Cryptocurrencies with the effects going off over $800 million. The highest number of incidents was seen in Q2 with the number reaching 67 and the month of May saw the highest volume of hacks with 25 …
Another Cryptocurrency platform Dexx was hacked and millions of USD worth of digital assets were stolen. It is stated by reports by the Mist track tracking platform that the stolen amount of the funds is shared in different addresses controlled by the hackers. The users are told to give up the danger and to evacuate their …
DEXX is addressing reports of unauthorized token transfers, and collaborating with security audit teams to resolve the issue. The team assures users there is no rug pull and will provide updates via in-site notifications, X, and Telegram. DEXX founder Roy (@honza204) has addressed the platform’s recent security breach, pledging to reimburse affected users while isolating …
Is MrBeast fraudulently deceiving his subscribers? Coffeezilla, known for investigating scams on YouTube, has arrived to answer this question. According to the report, MrBeast invited thousands of viewers onto the platform and urged them to invest in these dubious cryptocurrencies, and in so doing he may have engaged in insider trading and other manipulations. Personal …
As per the latest news, the official “X” handle of Dogewifhat memecoin has possibly been compromised. Users are reporting promotions of rug tokens on their official account. Notably, the account has been promoting crypto projects with a market capitalization of around $300,000. Following this, users are being cautious about not interacting with this account and …
For her role in the theft and laundering of around 120,000 bitcoin, Razzlekhan will receive her sentence on Nov. 18.
It is another blow for the Indian cryptocurrency exchange WazirX, with the Delhi Police arresting West Bengal-based SK Masud Alam who is thought to have been engaged in a serious hack according to indian news channel India Today. The cyber theft occurred in July and involved virtual currencies worth about Rs 2,000 crore ($230 million), …
Thai authorities recently shut down nine unauthorized Bitcoin mining farms, arresting two people from southern Thailand’s Surat Thani province. Both suspects, aged 30, were charged with theft, with alleged unlawful consumption of electricity of more than $280, 000 (10 million baht). It exemplifies a Rhodesian irrationality of unregulated business in the mining of bitcoins in …
Born in China with dual citizenship, Daren Li admitted to money laundering arising from the crypto scams, including the Pig Butchering investment fraud worth $73 million. Li, 41, took responsibility for money laundering, saying that he employed other companies and had US-based bank accounts which he used to conceal the source of the stolen funds …
A Giga Token holder has fallen victim to a phishing scam, losing a massive $6.09 million. The attack occurred when the individual was tricked into clicking a fake Zoom meeting link. The scammer, posing as a legitimate source, convinced the victim to share sensitive information, leading to the loss of millions in Giga Tokens. This …
On the 31st of October, M2 Exchange incurred a security loss resulting in the trading platform losing about $14 million in cryptocurrency. Since being labeled by the exploiter, the address has brilliantly washed 4,010 ETH, equivalent to approximately $12.8 million through Tornado Cash, a common cryptocurrency mixing platform as noted by PeckShield. The laundering move …
A previously dormant crypto exploiter of CoinStats came back to active laundering and transferring a large number of assets between the addresses and contracts according to the report by CertiK alerts. The event has caused concerns in the crypto space because the attacker involved used techniques to clean his/her coins and retain a large portion …
The DeFi liquidity protocol has already paused operations on Arbitrum and Avalanche blockchains as the team investigates the vulnerability.
This week has seen major cyber events targeting Metawin, a cryptocurrency gambling application and American rapper Wiz Khalifa’s Twitter account. These attacks have resulted in losses running to millions proving that there is still instability within the crypto and digital asset market. 1. Metawin Platform Hacked: $4 Million Stolen On the 4th of November 2024, …
Roman Sterlingov, the founder of Bitcoin Fog—a darknet cryptocurrency mixer—has been sentenced to 12.5 years in prison and ordered to forfeit $395.5 million. This follows his conviction on charges of money laundering, conspiracy, and operating an unlicensed money-transmitting business. Bitcoin Fog, which became popular among criminals, is believed to have handled over 1.2 million Bitcoins, …
CertiK Alerts, a cyber security firm, reported increased crypto security incidents in October 2024 excluding phishing, which was above the monthly average of 40 recorded in the year. Yet, damages were infrequent and relatively less in terms of money; the sum of $2.6 million was shown, the lowest recorded for the year 2024 up to …
Researchers have identified a new attack campaign tagged “Hidden Risk”, it exposed that state-sponsored hackers from North Korea have shifted gears towards attacking the crypto industry which they were linked to the Lazarus Group. Unlike what these hackers used to do by profiling their targets on social networking sites, they have now adopted very complex …
On a large-scale phishing attack, in which the bad actor was able to siphon off 55.4 million DAI from a wallet, now quickly changed part of the funds to 6,958.7 ETH, which is approximately $20 million and then split the amount into 10 other wallet addresses in what seems to be an attempt to wash …
An ex-employee of a Minnetonka-based e-commerce and payment processing organization known as Digital River has been charged for engaging in a cryptojacking scheme that was detrimental to the company. Assistant United States Attorney Andrew M. Luger spoke on the arrest of 44-year-old Joshua Paul Armbrust of Orr, Minnesota, who is alleged to have used a …
In the month of October 2024 alone, the crypto sector suffered more than 20 cyberattacks which resulted in an overall loss of about $129.7 million according to CertiK’s monthly report. This sharp increase in exploit activity from simple bridge exploits to phishing fraud demonstrates that centralised and decentralised finance platforms remain weak and exposed. Measures …
Wiz Khalifa’s X account was reportedly hacked on November 3, with posts promoting a fraudulent memecoin called “$WIZ” to his 35.7 million followers. Initially reaching a $3.4 million valuation, the token’s value plummeted to below $28,000 within an hour as early holders sold off. Independent blockchain analyst ZachXBT linked the hack to a similar October …
Metawin, a crypto casino, lost approximately $4 million after hackers exploited its Ethereum and Solana hot wallets via the withdrawal system. CEO Richard Skelhorn confirmed the breach, noting the funds have been replenished, and authorities have been contacted. Blockchain investigator ZachXBT linked over 115 addresses to the hack, with stolen funds reportedly transferred to Kucoin …
In a major coordinated attack on the web3 space, on-chain sleuths discovered a massive supply chain attack on Lottie Player earlier today. According to the LottieFiles team, the attackers managed to plug in bugs into several Lottie Player versions – including 2.05, 2.06, and 2.0.7. Notably, the said versions were uploaded and published on GitHub’s …
On October 30, numerous significant crypto platforms observed an influx of dangerous popups that encouraged users to link their wallets. Information about the unauthorized access originated from a supply chain attack on the widely used Lottie Player animations library. This JavaScript library which is used by popular websites including the ones run by Apple, Spotify, …
The popular Lottie Player animations library was hacked to push a crypto-draining popup on multiple websites, which has now been fixed.
Now the latest headline shows how dangerous it is to have celebrities promoting cryptocurrencies: a hacker broke into the Twitter account of Andy Ayrey, the founder of Truth Terminal, and left a post about a fake token called $IB. As the blockchain analyst, Lookonchaain reported, In one hour alone, the hacker withdrew $602,500 from innocent …
Eigen Labs had notified its community about a phishing attack and the subsequent loss of over 1.67 million $EIGEN tokens. According to the SlowMist report, the hack began with a phishing attack that targeted an investor’s employee email. The attacker took advantage of this access, sending emails from fake addresses imitating the real accounts, and …
Christopher James Scanlon, a 43-year-old entrepreneur with a global business footprint spanning the U.S. and U.K., is at the center of a high-stakes legal battle. He is accused of allegedly conspiring to run an unlicensed money-remitting operation, drawing the scrutiny of authorities. According to U.S. Attorney Phillip R. Sellinger, Scanlon used entities connected to his …
In a breakthrough for crypto recovery, hackers have returned $19.2 million to a U.S. government wallet after an extensive investigation led by blockchain sleuth ZachXBT. The funds were part of a larger $243 million theft in August, where attackers, using social engineering tactics, drained 4,064 BTC from a Genesis creditor. Initially, assets were moved across …
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