The post Dough Finance Hit by $1.96 Million Exploit: User Funds at Risk appeared first on Coinpedia Fintech News
In a rather disheartening event for the community, Dough Finance has been drained for nearly $1.8 million in the USDC with subsequent attacks increasing the total loss to $1.96 million. The leakage has raised many users’ suspensions with their money and has made them doubt the safety of the service. What happened? According to CertiK …
The Department of Justice (DOJ) charged two former consultants for Coins.ph, a well-known crypto currency exchange, in an action shocking the Philippine bitcoin community. Russian nationals Vladimir Evgenevich Avdeev and Sergey Yaschuck are accused of launching a carefully thought out hack that led in the loss of an astounding 12.2 million XRP, valued at around […]
A hacker reportedly posted to Doja Cat's X account telling fans to "buy $DOJA or else."
The post Crypto Hack: Pink Drainer Falls Victim to $30,000 Crypto Scam After Retirement appeared first on Coinpedia Fintech News
This was found rather ironic as Pink Drainer, a hacking group has been on the receiving end of an address poisoning scam resulting in a loss of 10 Ether, which is equivalent to $30,000. The case was described by crypto compliance platform MistTrack on July 7 and is merely one of the many dangers lurking …
A hacker broke into the Ethereum Foundation’s email server and sent scam emails to 35,794 people, recording 81 subscriber email addresses in the process.
The post CoinStats Suffers $2 Million Loss in Crypto Hack, CEO Points to Social Engineering Tactics appeared first on Coinpedia Fintech News
On the 22nd of June, CoinStats, a prominent crypto platform experienced a major security threat forcing them to stop all their services temporarily. $2 million worth of digital currency was taken off from some people’s wallets. Through quick intervention by company, the situstion was controlled to prevent more loss. Stealing away $2 million meant that …
One of Turkey’s most prominent crypto exchanges BtcTurk has suffered a cyber attack leading to unauthorized access to some of its hot wallets. The exchange has reported some level of asset loss, however, they claim enough financial stability to overcome this setback. Related Reading: May Madness: Crypto Industry Suffers $385 Million Loss To Hackers $5.3 […]
The post 50 Cent’s Twitter Hack Promotes Fake Solana Meme Coin: The GUNIT Scam appeared first on Coinpedia Fintech News
Rapper 50 Cent’s Twitter (X) account was hacked on friday to promote the new Solana meme coin, GUNIT. Initially, it seemed Curtis Jackson, also known as 50 Cent, was launching his own token, considering the recent trend of celebrities endorsing meme coins. However, it was later exposed that this was a pump-and-dump scam. Moreover, the …
The post CertiK Returns $3 Million to Kraken After Public Dispute appeared first on Coinpedia Fintech News
Blockchain security company CertiK has now refunded Kraken $3m in disputed funds after a bitter public disagreement regarding ethical hacking for bug bounties. The scandal started when CertiK hacked Kraken’s system and drained nearly $3 million in cryptocurrencies from Kraken’s treasury. As for CertiK, it initially stated they were white hat hackers and reported the …
The post Crypto Hacks Have Stolen $19 Billion Since 2011, Reports Crystal Intelligence appeared first on Coinpedia Fintech News
Hackers have targeted cryptocurrencies and other digital assets and stolen millions of dollars in resources since 2011, according to data from Crystal Intelligence. A Dublin-based crypto compliance firm, Crystal Intelligence, found that around 785 instances of various crypto hacks and exploits were reported, and the total value of digital coins stolen amounted to $19 billion …
The team behind the Holograph (HLG) said they have patched the exploit and is working with centralized exchanges to freeze accounts affiliated with the exploite
Blockchain security firm Cyvers Alert reported a significant exploit on the DeFi lending protocol UwU Lend, which resulted in an approximately $19.5 million loss. The attacker funded their wallet via the sanctioned crypto mixer Tornado Cash. Cyvers co-founder and CTO Meir Dolev told CryptoSlate in a June 10 statement: “The UWU lending contract was exploited […]
The post Hacker drains $19.5 million from UwU Lend in price oracle exploit appeared first on CryptoSlate.
Cryptocurrency investors are in a tizzy after dormant funds from the December Orbit Chain heist were spotted tumbling through Tornado Cash, a notorious blockchain anonymizer. The hack, which pilfered a staggering $48 million (now ballooned to $121 million due to market fluctuations), had gone quiet for months, leading many to believe the ill-gotten gains were […]
Several cryptocurrency businesses are reporting that there is an ongoing "supply chain email breach attack" that uses newsletter mailing lists to send around malicious phishing links.
The post How AI-Driven Deep Fake Scammers Are Looting Millions From Crypto Users appeared first on Coinpedia Fintech News
Scammers are using Deepfake AI technology to con millions of dollars from crypto users and this is becoming a major issue in the crypto space. The cryptocurrency market has recently faced a major issue when the deepfake AI application was used to conduct a large-scale theft and take $2 million from an OKX user. Here …
The cryptocurrency exchange lost 4,502.9 BTC due to a hack of its private key; withdrawals have been temporarily suspended.
An attacker minted 91 million BOGE tokens and crashed its price, relying on a similar vulnerability as the Normie exploit one day earlier.
The post Gala Games and Binance Recover Stolen GALA appeared first on Coinpedia Fintech News
Gala Games expressed gratitude to Binance for its close collaboration with its team and law enforcement in identifying the suspects behind the recent hack on May 21. During this incident, the hackers issued an additional 5 billion GALA tokens. The hackers returned the stolen assets and revealed their identities thanks to the prompt cooperation. Consequently, …
The upcoming layer-1 takes a hands-on approach to ensuring project security.
The post Pump.fun Exploiter Arrested in London, Addresses Scandal in X Posts appeared first on Coinpedia Fintech News
Media reports have confirmed that the individual who exploited $1.9 million from the meme coin marketplace Pump.fun was recently arrested in London. The exploiter has been identified as Jarrett Dunn, a former Pump.fun employee. Dunn is accused of leveraging admin privileges and flash loans to siphon nearly $2 million. Using the alias StackOverflow on X, …
The team behind the Bitcoin layer-2 developer has successfully frozen some exploited crypto after the attacker tried to cash out by sending funds to exchanges.
First there was "The Bait." Then there was "Unblinding the block," followed by "The Search," and ultimately "The Propagation." U.S. prosecutors detailed an incredibly complicated Ethereum exploit in an indictment.
The post Behind the $20 Million Sonne Finance Hack; Unveiling the Technical Details appeared first on Coinpedia Fintech News
Staggeringly, a crypto attacker succeeded in the hack on Sonne Finance to conduct a heist using a very complex exploit that drained the company’s assets, bringing in about $20 million to the attacker. The attack played out for a few days, spotting carefully the backdoor of Sonne Finance’s VELO integration with the Optimism network. The …
The post Crypto Exchange Rain Suffers $14.8 Million Loss; A Real Sophisticated Hack Indeed appeared first on Coinpedia Fintech News
The exchange “Rain” which is a prominent cryptocurrency exchange based in Bahrain, was the victim of a devastating hack on April 29, 2024, and lost $14.8 million dollars of BTC, ETH, SOL and XRP worth of crypto. The breach was first reported by the blockchain expert ZachXBT, who said that Rain’s wallets that contained BTC, …
Several wallets reportedly belonging to Rain sent suspicious token transfers to a new address.
The post A Big Warning for Crypto Users: Massive ETH Deposits Into Tornado Cash Traced to Notorious Hacker appeared first on Coinpedia Fintech News
A large sum of 1000 ETH (about $3 million) was found going into Tornado Cash from a wallet with the address 0x454249291af33ad5681eD07DfD5165c1cB1aA625. This money is said to come from Bo Shen Hacker, a bad actor known since 2022 for illegal acts. This news was shared in a tweet by CertiKInsight, a web3 security firm calling …
The post Hacker Behind $68 Million Adress Poisoning Initiates Communication appeared first on Coinpedia Fintech News
After seven days of the phishing attack, the hacker finally sent an on-chain message to the victim. The message asked the victim for his telegram. Not just the message, additionally he has also sent 51 Eth $152k. The trader who lost $68 million had immediately tried to contact the hacker, offering to keep him 10%, …
The post Cyber Criminal Behind the $71 Million Address Poisoning Launders 25K ETH appeared first on Coinpedia Fintech News
Just a few days ago, cybercriminals manipulated a trader in an address poisoning and $71 million worth of Wrapped Bitcoin (WBTC) was stolen upon successful completion of this phishing robbery act. The mastermind of this scam has now laundered then stolen 25k worth of ETH through a large number of addresses and wallets, thus showing …
The post Poloniex Hacker Laundered $308K in Ethereum Through Tornado Cash appeared first on Coinpedia Fintech News
The Poloniex hacker identified by the address 0x3E…fDFd performed money laundering by sending 100 ETH (about $308,000) to Tornado Cash. This is the very first time that the culprit of the Poloniex hack has used Tornado Cash for such an illicit purpose as reported by WuBlockchain. Today, Poloniex Hacker: 0x3E…fDFd transferred 100 ETH (about $308,000) …
A cryptocurrency user has lost $68 million worth of wrapped bitcoin (WBTC) after falling victim to an "address poisoning" exploit, according to blockchain security firm CertiK.