Byte Federal, operator of 1,300 Bitcoin ATMs in the US, urged its customers to reset login credentials following a massive data breach.
Security researchers claimed that the vulnerability could have been used to crash the entire Dogecoin network.
Recently, blockchain security Scam Sniffer discovered that more and more crypto users are falling victim to the scam associated with malicious Telegram bots. Such verification bots as “OfficiaISafeguardBot” offer potential victims to download the malware which adversely affects wallets. Fraudsters invite users into the Telegram channels to offer the latter fast access to information that no …
A series of rumours about WazirX’s upcoming bankruptcy has already started buzzing within the Indian community on various platforms. Your turn at a glance WazirX, once a giant in the Indian crypto market, gets caught up in rumours of strategic departures led by its co-founder Nischal Shetty. Despite the fact that there has not been …
Google’s Willow quantum computing chip has once again brought the discussion of cryptocurrency security into the spotlight, including Bitcoin after Google’s CEO, Sundar Pichai first introduced it. Willow is still considered a major advancement in quantum technology, but specialists’ opinions state that it is not a threat to Bitcoin yet. Here’s some more information on …
WallStreetBet’s fraudulent breach on its X account led to the stealing of meme coins worth $2.2 million on the Solana blockchain. Blockchain sleuth ZachXBT stated that the exploit originated from X’s mobile application. $1,430,000 in PNUT tokens, $400,000 in ZEREBRO tokens and $130,000 in ALCH tokens were reported as major losses. The hackers exploited a flaw …
On Sunday, Cardano Foundation’s official X was compromised and there were some posts featuring fake news and others encouraging fake tokens ADAsol. The hacker fabricated that the U.S. SEC crackdown resulted in ADA withdrawal suspension and caused some concern among Cardano users. In response, the Cardano team posted to inform netizens not to pay attention to …
WEX’s former Russia-based CEO Dmitry V. was detained in Warsaw at the Polish authorities’ initiative following an extradition warrant issued by the United States. Dmitry is under indictment for fraud and money laundering through WEX that succeeded BTC-e, which shut down in 2018. Currently, sentenced to twenty years in prison in Lithuania, Dmitry has previously …
The cryptocurrency industry has never seen such threats in cybersecurity, as a chain of recent attacks disclosed various concerns in the digital asset brokerage platforms. This week’s report provides several different attacks as a way of bringing greater attention to the threats that remain and the dynamic nature of cyber security in the crypto space. …
WazirX has recalled a major update in its mission to revive its functionality and gain stakeholders’ confidence. The latest happenings have been posted by founder Nischal Shetty on his Twitter, stating that the company has submitted a filing to the Singapore court to pass an order for creditors to meet. This step opens the door …
The Product Director of Coinbase recently said that people should use accounts protected with hardware security keys, describing them as the best form of security against hackers. In contrast to 2FA implemented via short messages or other advanced digital approaches which are vulnerable to hacking and social engineering, those keys offer a nearly invulnerable level …
Ripple has sounded the alarm for its network, saying that as XRP soars exceedingly high, scams increase correspondingly. In the past month specifically, XRP has appreciated in value by more than 400% making it third largest cryptocurrency in terms of market capitalization. With such an unprecedented heightening, Ripple is, however, keen to warn that it …
Last month, the sandwich attacks impacted 35.5% of BNB Chain blocks, setting a record high. Over the past week, 645 sandwich bots targeted approximately 43,400 decentralized exchange (DEX) traders. BNB Chain’s DEX trading volume for the week reached $9.232 million, with bots contributing $1.322 million. Sandwich attacks, a form of front-running, exploit price manipulation to …
On December 2nd, an official X account of a major Filipino cryptocurrency exchange Coins.ph was hacked. The hackers leveraged the platform to drop a new token called $COINSPH, with the false claim of operating under the pump.fun of the Solana network. Scammers claimed that some social media accounts an intermediary tokens similar to an ETF …
A firm DMM Bitcoin, which was one of the most popular Bitcoin exchanges in Japan, halted its operations in October after it was hacked in May 2024, and $320 million of digital currency was stolen from it. The loss, blamed on a private key theft, resulted in the actual shedding of 4,500 Bitcoin. Still, the …
A $450,000 hack on Clipper was likely from a withdrawal vulnerability, not a leak, the decentralized exchange has said.
Cryptocurrency markets are still at risk from hacks, fraud, and big losses. This week’s reports of hacks show that many platforms have security weaknesses. These problems also raise concerns about rules and safety in the industry. Dexx Hack Affects More Than 8,620 Solana Wallets The DEXX trading platform, aimed at trading in meme coins, was …
Jimmy Donaldson famously known as Mr.Beast has been criticised for what people view as an attempt to use his large audience to make financial gains within the crypto industry. Currently following over 31.2 million people, the YouTuber and entrepreneur is accused of insider trading, misleading promotions, and pump-and-dump schemes which are said to have made …
More than 8,620 Solana-connected wallets have been associated with the DEXX hack, with total losses increasing to $30 million. The attack was carried out on November 16 and involved the trading platform for the meme crypto coin. The leakage of a private key has seen 900 people lose their digital assets; one customer lost above …
The cryptocurrency sector recorded 26 hacking and rug pull incidents, which led to $71,021,500 in total losses in November 2024 according to the monthly report by ImmuneFi. This is the second lowest monthly loss YTD and is down 79% from November 2023, which lost a total of $343 million. Calendar year net losses were at …
On November 28 2024, it was reported that XT Exchange, a Seychelles-based cryptocurrency trading platform had been attacked and $1.7 million worth of assets stolen from the traders. The illicit withdrawal of funds started from the platform’s own wallet , the tokens transferred belong to twelve distinct categories and are worth about a million USDT. …
Pump Science, a decentralized science platform focused on longevity research, faced a major hack after its private key was exposed on GitHub. This oversight allowed attackers to hijack the Pump.fun wallet and mint fake tokens under its name, tarnishing the platform’s reputation. The breach occurred when developers mistakenly uploaded the private key, assuming it was …
Crypto exchange XT.com, ranked 23rd by trading volume on CoinGecko, has reportedly suffered a $1.7 million hack. On November 28, PeckShield identified suspicious activity, with stolen funds converted to 461.58 ETH and transferred to a wallet. XT.com announced a withdrawal suspension citing “wallet updates,” but shared updates only on its website, leaving social media silent. …
A threat actor, ‘Serpent’ who used to play Fortnite professionally hailing from Australia has been accused of being involved in a crypto scam that made away with $ 3.5 million. Nevertheless, his being part of the esports organization over time can be noted. Serpent’s career was in this organization until June 2020 when he was …
A federal judge in Utah has dismissed an appeal by Kristoffer Krohn, a promoter implicated in an $18 million cryptocurrency fraud involving Green United LLC. On November 26, Judge Ann Marie McIff Allen ruled there was no substantive basis for Krohn’s appeal against her earlier decision to allow the U.S. Securities and Exchange Commission (SEC) …
Pump Science, the decentralized science (DeSci) launch platform based on Solana reported the incident that occurred due to the developer‘s negligence: the private key of the wallet was leaked – T5j2U…jb8sc. This wallet that generates URO and RIF tokens was hacked and allowed an attacker to produce fake tokens as they wanted. The coins generated …
The attackers who attacked the latest DEXX have been reactivated after a week of inactivity to change the stolen alt coins for Solana (SOL) in large amounts according to Mistract, cyber security. This comes after, decentralized exchange DEX platform was targeted and users and the platform woke up to hefty losses. Dexx’s founder, Roy, has …
The latest fraud incident in the Solana ecosystem is phishing in the form of apparently legitimate signature requests according to Scam Sniffer, a web3 anti-scam firm. The problem originates from Solana’s fast transaction speed because it leads to a divergence between emulated wallet states and real-world states. That is, there is a window of opportunity …
The past week features the first-ever AI poisoning attack, as well as phishing-related theft and a large-scale attack on a DeFi platform. They reveal new patterns of attacks and explain why it is important for the blockchain industry to step up security. 1. First-Ever AI Poisoning Attack Targets Solana Wallet This was the first reported …
The first documented AI poisoning attack on the cryptocurrency market has appeared: a Solana wallet has been poisoned, and the approximate loss is $ 2,500 USD. The incident shows that an artificial intelligence tool such as ChatGPT provides helpful inputs for Web3 development tasks, and may promote the usage of compromised assets. The incident: Solana …