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 …
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
A crypto wallet owned by the US government might have been compromised and infiltrated by hackers, raising concerns about the security measures being implemented by the government on digital assets. The hacking incident could be a tell-tale sign of a lenient cybersecurity practice in handling government-controlled cryptocurrencies. It might indicate the need for the government […]
Tether’s record market capitalization signals the potential start of the next bull run amid growing investor anticipation of a major Ethereum upgrade.
Lazarus APT, especially its subgroup BlueNoroff, is attributed to the professional hack attacks on the financial sector, especially those related to cryptocurrencies. This North Korean-linked cyber group has conducted numerous attacks of high profile targeting organizations and businesses, and using sophisticated malware and exploits. Three of its tools, namely Manuscrypt, Cutwail, and Turk, have made …
Amid the ongoing cryptocurrency market recovery, a wallet address linked to the US Government that holds seized funds has been compromised by hackers. On October 25, 2024, the blockchain intelligence firm Arkham Intelligence made a post on X (Previously Twitter) that the US government’s crypto address had been breached, resulting in a loss of $20 …
Mule scams are an emerging trend of digital scams whereby people are basically tricked into cashing out for criminals in what is commonly referred to as crypto money laundry frauds. Worms for these scams disguise themselves as highly publicized and seemingly legitimate jobs, business offers, positions at decentralized exchanges, and others. Once one gets involved, …
The algorithmic scam was specifically designed to detect people searching for ways to buy cryptocurrency A Web3 security firm, Scam Sniffer has found a sponsored ad that leads Google users who mistakenly type ‘Soneium’ while searching for Sony’s new blockchain, to a scam website. Some others may contain links with information steering users to search …
The Japanese first made a record by arresting 18 suspects for conducting money laundering business through the Monero (XMR) digital currency. Under the Cyber Special Investigation Unit and Saitama Police, the investigation focused on the tracking of fraudulent transactions through the stolen credit card data. Yuta Kobayashi, who is named as the mastermind, manipulated Monero …
Another hack has shaken the crypto industry. This time, Tapioca DAO has fallen victim to a massive security breach. An attacker compromised the deployer address resulting in theft of $1.6 million of $TAP tokens. The exploit caused the token price to plummet by 93%. Let’s dig into what really happened and what’s at stake here. …
In the Forcount Ponzi scandal, U.S. courts sentenced cryptocurrency marketer Juan Tacuri to 20 years in prison for his role in a fraudulent scheme masquerading as a crypto mining venture. This scam targeted thousands of investors, particularly in Hispanic communities across the United States. Originally from Germany, Tacuri helped launch Weltsys, which lured victims with …
DeFi platform Radiant Capital has been hacked, draining over 50 million dollars from the Binance Smart Chain (BSC) and Arbitrum’s systems. The hack, first covered by blockchain security firm Ancilia, used misconfigurations in the Radiant smart contracts. How the Hack Unfolded As to how they got in, apparently, the attackers intruded through a weakness in …
The Financial Crimes Enforcement Network (FinCEN) has hit TD Bank with over $3 billion in penalties for not reporting suspicious cryptocurrency transactions The penalties are the largest ever imposed under the Bank Secrecy Act. The bank approved more than 2,000 risky requests related to an unnamed Client Group C that was involved in crypto operations …
In a massive crypto heist, a whale accidentally lost $36 million in fwDETH when they signed a ‘permit’ phishing signature. The victim lost 15,079 fwDETH and is probably someone related to @ContinueFund. The phishing scam was said to have been discovered by Scam Sniffer a blockchain security detection agency. Consequences for dETH and protocols The …
On-chain investigator, ZachXBT latestly pursued a case of a crypto heist that happened in June 2024 and which involved $4.3 million. The main culprit identified as Faris Ali who goes by the alias of Zay or Tommy is said to have carried out an armed robbery in the UK to rob a victim occasioned by …
In unison, the SEC, the DOJ and the FBI have charged eighteen people and crypto companies, including Gotbit Consulting, ZM Quant Investment, and CLS Global. The charges centre on fraud and manipulation of the market and where wash trading was employed to push token prices higher. The Informant of the FBI To unravel these manipulations, …
IcomTech, a cryptocurrency-based Ponzi scheme had swindled millions in dollars from investors from 2018 through 2019 by claiming profits in cryptocurrency trading and mining. David Carmona was the mastermind behind this scam and was sentenced to 10 years in jail for conspiracy to commit wire fraud. As per the report by prosecutors in the United …
WazirX has declared that it would have a 10-member Committee of Creditors (COC) that would act as the representative to the 4.4 million users in case there is a Rs 2000 crore cyber hack. The criteria for selection and the members remain unknown to the public. This is raising many eyebrows because of a lack …
Recently, a new malware for stealing cryptocurrencies, called “WalletConnect – Airdrop Wallet”, was found in the Google Play market, deceiving users with a genuine Web3 application. The app successfully evaded the moderators’ attention for well over half a year, stealing $70,000 from unassuming individuals before the app was ultimately deleted. Fake Apps avoid identification for …
The attacker used a “proxy” function to swipe victims’ USDC balances, but only a small number of Google login users have been affected.
The attacker used a “proxy” function to swipe victims’ USDC balances, but only a small number of Google login users have been affected.