The post Crypto Hack Losses Hit Lowest Point Since 2021: What’s Behind the Decline? appeared first on Coinpedia Fintech News
The cryptocurrency market, particularly in April 2024, reported a vast drop in hacking, exploits and scam losses, making it the lowest figure since 2021. As reported by the Blockchain security platform CertiK, the total losses for the past month are estimated to be approximately $25.7 million, which indicates a decrease of 141% compared to the …
The post Official Unit of Investigation for Crypto to Be Installed in South Korea Amid Crime Surge appeared first on Coinpedia Fintech News
In response to the levelling up of cryptocurrency-related crimes in South Korea, the country is reportedly getting serious about it and is planning to elevate of the temporary crypto-crime investigative unit to a permanent department aiming to address the growing concerns, according to local publications. Country Witnesses Concerning Trends in Crypto Crimes Last year, crypto …
The post El Salvador’s Chivo Wallet Breach: Bitcoin ATM Source Code Leaked by Black-Hat Hackers appeared first on Coinpedia Fintech News
A stunning disclosure has surfaced that cyberthieves have acquired portions of Chivo Wallet source code and as a consequence, the Bitcoin ATMs in El Salvador are put at risk. The hacker group staged the incident, CiberInteligenciaSV putting to light the weaknesses of the regime-driven virtual currency calling for critical examinations of data security. The leak …
The post Base Network Vulnerabilities Exposed Post the Latest Hack Highlighting Design Faults appeared first on Coinpedia Fintech News
The Grand Base DeFi attack where more than $2 million is known to have been stolen is an indicator of a lack of overall security of Layer 2 networks like Base. The newly established Grand Base ecosystem with its cross-chain interoperability and asset transfer capabilities fell victim to an advanced hack, portraying a serious design …
Shakeeb Ahmed, a security engineer who stole over $12 million from two different decentralized cryptocurrency exchanges built on Solana, was sentenced to three years in prison and three years of supervised release by a federal judge on Friday.
ParaSwap has now returned assets to wallets that have revoked their permissions to the AugustusV6 smart contract, which was found to have a critical vulnerability last week.
The yield farming app was exploited through a possible private key compromise, according to a CertiK report.
Notorious North Korean hackers Lazarus Group has returned to sanctioned coin mixing service Tornado Cash to launder $12 million worth of ether {{ETH}}.
DeFi protocol Unizen announced that it will issue an immediate refund to users who lost their funds to an exploit this weekend.
The Seneca lending protocol was exploited through its ‘performOperations’ function, and over $6M of collateral was drained from it.
Interpath Advisory has taken control of the HectorDAO Treasury after allegations of an ‘inside job’ hack.
Crypto exchange FTX was hacked for over $400 million just hours after filing for bankruptcy in 2022. Many initially believed it was an inside job.
The federal indictment doesn't identify Sam Bankman-Fried's FTX as the pilfered company, but Bloomberg reported that's who it was.
According to Bitfinex chief technology officer Paolo Ardoino, an attacker attempted to make use of XRP’s partial payments feature to exploit his crypto exchange but failed.
Users of the r/mtgoxinsolvency Reddit board complained that they received double payments from Mt. Gox Trust and were now being asked to send the extra payment back.
Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs were returned to their owners after Yuga Labs' Greg Solano and Boring Security DAO paid a bounty.
According to Cyvers, the attacker caused malicious code to be inserted into multiple app user interfaces, allowing the exploiter to fool users into confirming transactions.
Both exchanges lost a combined total of more than $200 million in a series of hacks last month.
Conic Finance was hacked in July draining roughly $3.6 million worth of ether from the protocol.
The North Korean hacker group stole the funds over the last six years, which was likely used to fund the country's projects, the report said.
Decentralized Exchange had over $80 million in total value locked before the incident.