WazirX’s co-founder Nischal Shetty told CoinDesk that outreach efforts to different exchanges are going to be crucial, as it remains open to everything possible to help solve this situation. WazirX is effectively closed after the exchange stopped trading and withdrawals after the hack on July 18. The co-founder said that they are trying everything and …
WazirX, an Indian crypto exchange that recently lost $230M via a fraudster hack, has elicited criticism for its planned response, passing the losses down to the users. As complaints and dissatisfaction continue to increase, WazirX has sought help from its previous partner – Binance to help it come up with a means of compensating the …
Indian cryptocurrency exchange WazirX is facing industry and customer heat for its "Withdrawal Management Programme: Opinion Poll" in the aftermath of the $230 million hack, 45% of its user funds, it suffered earlier this month.
It looks like crypto hackers have become very active this month. We have already seen a few Crypto hacks in the previous weeks of this money. Another breach in security of a crypto project strikes the crypto community on July 27. Casper Network the New Crypto Victim The evening of July 27 sent the crypto …
The exchange received emails from Liminal with the correct destination addresses, implying that Liminal’s system was breached, WazirX claimed.
The post Sorta Finance Likely Planning Exit Scam on Arbitrum, Warns ZachXBT appeared first on Coinpedia Fintech News
A DeFi project known as Sorta Finance based in the Arbitrum network is currently in the eye of the law after being accused of being an exit scam by crypto sleuth ZachXBT. Community Alert: @Sorta_Finance is likely to exit scam on Arbitrum in the future so do not use the protocol.This scammer has previously stolen …
An attacker appears to have installed a token-draining program on the official domain for dYdX version 3.0.
Compromised WazirX devices provided “legit transaction details” to Liminal’s network, allowing the attacker to drain the exchange’s funds, the MPC provider claimed.
Compromised WazirX devices provided “legit transaction details” to Liminal’s network, allowing the attacker to drain the exchange’s funds, the MPC provider claimed.
The post WazirX Hack : $235 Million Stolen in Major Cyberattack appeared first on Coinpedia Fintech News
Cyvers Alerts took to X and stated that the firm has detected “multiple suspicious transactions” involving WazirX’s Safe Multisig wallet on Ethereum. According to the post, a total of $234.9M of funds have been moved to a new address and each transaction’s caller is funded by TornadoCash. The suspicious address has already swapped Pepe (PEPE), …
Decentralized finance (DeFi) platform LI.FI protocol has been hit by an exploit worth around $8 million following a series of suspicious withdrawals, on-chain data shows.
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.