The crypto market experienced a significant downturn after Bybit, a prominent cryptocurrency exchange, announced a devastating hack involving $1.5 billion worth of cryptocurrencies. This incident marks the largest crypto hack to date. Recent updates, including statements from the CEO, confirm that Bybit was compromised, resulting in the loss of approximately $1.5 billion in Ethereum. Bybit …
The move happened as crypto exchange Bybit saw a sudden $1.4 billion worth of ETH outflow.
A portion of staked ether is currently being liquidated on decentralized exchanges.
In a latest update, the Securities and Exchange Commission today announced the creation of the Cyber and Emerging Technologies Unit (CETU) to focus on combatting cyber-related misconduct and to protect retail investors from bad actors in the emerging technologies space. The CETU, led by Laura D’Allaird, replaces the Crypto Assets and Cyber Unit and is …
In a recent incident, Hackers took over the Saudi Law Conference’s X account, impersonating Crown Prince Mohammed bin Salman to promote fake cryptocurrencies. Notably, the scammers used the crown prince’s name and image to promote an “Official Saudi Arabia Memecoin” and “FALCON Memecoin,” sharing contract addresses for the tokens. https://twitter.com/badlydrawnbarry/status/1891413792233259270 The first warning sign was …
In a shocking cyberattack, hackers took over the Saudi Law Conference’s official X account, posing as Crown Prince Mohammed bin Salman to promote fraudulent cryptocurrencies. The hackers used the crown prince’s name and image to promote two fake tokens—“Official Saudi Arabia Memecoin” and “FALCON Memecoin.” They also shared contract addresses, trying to attract investors. https://twitter.com/badlydrawnbarry/status/1891413792233259270 …
The token, trading under the ticker symbol SMLR, saw a 300% rise after launch but then plummeted.
CoinSwitch officially announced that its X account was hacked to promote a scam token, SWITCH, on the Solana blockchain. The hackers falsely claimed it was CoinSwitch’s native token, with trading set to start at 8 AM UTC. CEO Ashish Singhal confirmed the breach, assuring users that the platform remains secure and funds are safe. The …
In yet another crypto hacking incident, ZkLend Next generation lending protocol has officially confirmed that it was hacked, resulting in the loss of 3,300 ETH. In an unusual move, zkLend publicly addressed the hacker via an X post, offering a 10% white hat bounty if the remaining 90% of the stolen funds are returned. This …
ZkLend Next generation lending protocol has confirmed a security breach, with an attacker stealing 3,300 ETH. In response, the platform has offered the hacker a deal—keep 10% as a white hat bounty and return the remaining funds to a designated Ethereum address. If the hacker complies, ZkLend has pledged to waive any legal action. The …
Fund distribution will begin if creditors approve the plan, bringing partial money recovery for victims of the $230 million hack that hit the Indian crypto exchange in July.
WazirX, the popular crypto exchange that faced a major hack in July 2024, has released a new update regarding its fund recovery efforts. Since the hack, which resulted in the loss of around $235 million, the exchange has been under pressure from its users to recover the stolen funds. Despite sharing several updates and plans, …
Eric Council Jr., pleaded guilty for his part in the hack of the SEC's social media account last year about spot bitcoin ETFs.
Solana-based DEX aggregator Jupiter faced a major security breach as its X account was hacked, promoting a fake memecoin called $MEOW. The scam, which used the name of Jupiter’s co-founder, tricked traders into losing millions within minutes. Jupiter Mobile quickly alerted users, warning them not to click any links. However, the hacker continued posting about …
Crypto researcher ZachXBT reports that Coinbase users have lost over $65 million to social engineering attacks in the past two months, with an estimated $300 million lost annually due to such attacks. ZachXBT noted that the actual losses could be even higher, as the figure doesn’t account for unreported cases. ZachXBT explained that scammers use …
In a latest development, FTX is all set to begin repayments to creditors from February 18. According to an email circulated among FTX creditors, they will begin getting reimbursed for lost assets. These payouts will begin at 10 AM ET on February 18 and will only apply to claims under $50,000. Breaking ????????#FTX repayments will …
The aftermath of an attack on India’s once-largest crypto exchange continues to brew.
A project that describes itself as an onchain MicroStrategy for Ethereum blamed a UI fault that caused users to send 165 ETH to the wrong address, while El Salvador has a new disappearing Satoshi Nakomoto statue.
Heather Morgan, known for her involvement in a $4.5 billion crypto heist with her husband, Ilya Lichtenstein, is set to begin her prison sentence. The couple became famous, with Morgan also gaining attention for her rap persona, Razzlekhan. Just before she surrenders to prison, Morgan gave an exclusive interview to set the record straight about …
A social media attack created extensive chaos across the crypto realm after Dean Norris known for his role as Hank Schrader in Breaking Bad became the next victim of X account compromise. Hackers used Dean Norris’ Twitter account to spread propaganda for $DEAN memecoin which became the focus of a standard pump-and-dump fraud. The attackers …
On December 12, 2024, hackers stole $29 million worth of SUI tokens from a victim’s wallet, as reported by blockchain investigator ZachXBT. The stolen tokens were quickly moved to Ethereum using a bridge and then sent to Tornado Cash, a platform often used to hide transaction details. This made it very hard to trace the …
Several events have impacted DeFi projects and exchanges throughout this week. While ThorChain announced insolvency to suspend its operations leaving behind a $93 million deficit, Singapore-based Phemex endured a hack resulting in over $70 million in losses. The crypto ecosystem experienced rising security breaches and frauds through meme coins, social media misuse and Google Ads-based …
Singapore-based cryptocurrency exchange platform, Phemex lost over $70 million on Thursday due to the security failure. The occurrence has elicited concern across the crypto space, with strong indications pointing to North Korean hackers per usual. The hack started by first compromising one of Phemex’s hot wallets, limping off with $30 million; worse was still to …
Singapore-based crypto exchange Phemex has temporarily suspended withdrawals following a reported $37 million exploit targeting one of its hot wallets. On Jan. 23, the exchange announced this decision to allow for an emergency inspection and to enhance its wallet security measures. Phemex assured users that withdrawals would resume soon and apologized for the inconvenience. Cyvers, […]
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Indian crypto exchange WazirX has taken a significant step forward by securing approval from a Singapore court to repay customers whose funds were not stolen in the massive $235 million hack of July 2024. This decision brings some relief to affected users, although challenges remain in fully addressing the fallout from one of the largest …
The company's CEO has confirmed that Phemex is "looking into reports" of the hot wallet withdrawals
On January 23, Paidun confirmed that the late John McAfee’s X account remains secure, dismissing hacking rumors. A tweet from the account revealed a connection between the Alntivirus token (Ainti) and McAfee’s AI avatar. Initially, the token’s market value surged to $76.98 million but has since dropped to $48.1 million. The update clarifies ongoing speculation …
Trouble in paradise! The popularity of meme coins linked to former U.S. President Donald Trump and his wife, Melania, has unfortunately opened the door for scammers to take advantage of investors. Security company F.A.C.C.T. (formerly Group-IB) has discovered over ten fake websites targeting those looking to trade TRUMP and MELANIA tokens. As these scams increase, …
In a surprising event, hackers gained control of the Nasdaq X (Twitter) account and used it to boost the price of a meme coin called STONKS. This caused the value of the coin to quickly rise to $80 million, but it dropped just as fast within a few hours. Hackers Pump STONKS Memecoin Using Nasdaq’s …
Smart swindlers have started a new wave of cyberattacks, this time they use the appearance of the well-known promotion service Google Ads to spread viruses to cryptocurrency owners. As revealed by Scam Sniffer, the attackers take advantage of common programs which are for instance Homebrew – package manager for macOS which helps the attackers to …