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 …
The X account @TrumpDailyPosts has become the target of hackers who used it to spread several fake meme coin addresses. The hacked account has continued to promote several fake meme coins, and the $POWER token among them. A Web3 anti-scam platform, Scam Sniffer, reveals that hackers are creating and deleting posts related to scams. Again, …
The past week has witnessed a series of cyber events in the Crypto space, numerous significant hacks and scams on decentralized platforms, social media, and blockchain initiatives have been reported. Let’s have a look at the detailed breakdown of the incidents Dawn Internet Hack: Telegram Bots Take Advantage On January 15 the decentralized wireless network …
Six months after a major cyberattack, WazirX announced it has frozen the first $3 million of stolen assets, bringing victims closer to recovering their funds. The incident has severely affected India’s confidence in the crypto ecosystem Efforts To Recover Stolen Assets WazirX noted that Zettai is collaborating with law enforcement, forensic experts, and legal authorities …
In a latest development, as per a court document filed this week, the U.S. government noted that over 94,000 bitcoin stolen in the 2016 hack of Bitfinex by Ilya Lichtenstein and Heather Morgan should go back to the exchange. As expected*GOVT SAYS SEIZED BITCOIN FROM 2016 BITFINEX HACK SHOULD BE RETURNED IN-KINDDo they just ask …
The X account of the decentralized, autonomous wireless network project Dawn Internet was doxed and hacked on January 15. According to ScamSniffer, the attackers used the account to share phishing content that had intentions to trick fans into supplying personal information. Evolving Phishing Tactics At first, attackers shared text links for phishing easily seen to …
Attackers with physical access to a user's device may be able to see the wallet's seed phrase, the security firm said.
SlowMist has reported that UniLend Finance lost $197,600 in a redeem process hack that exposed a vulnerability in it. With that, they had a chance to control the shares and artificially lift the value of the collaterals used as security. This made it possible to misrepresent the attacker’s holdings and facilitated the stealing of funds. …
The 2022 cyberattack on OpenSea’s email service provider, which compromised email addresses, has taken a concerning turn. In particular, as reported by a security researcher at SlowMist, this time, the leaked database that includes 7 million email addresses became fully disclosed after several rounds of dissemination and poses great threats to the international crypto audience. …
Millions of OpenSea user emails are now fully in the wild after the marketplace’s automation vendor leaked the emails in mid-2022.
Scammers targeted New York residents with fake remote job offers, stealing over $2 million in cryptocurrency. Victims were instructed to buy stablecoins like USDT and USDC on platforms such as Coinbase and send them to unhosted wallets. The scammers convinced them to write fake reviews for non-existent products in exchange for promised job opportunities. New …
This week in the crypto world, one investor lost a staggering $474,422 to a phishing scam, while another major development saw a ₹600 crore recovery plan unveiled to help victims of the WazirX hack. But that’s not all—scams, vulnerabilities, and attacks continue. As the crypto space faces these growing threats, it’s more important than ever …
Three Russian citizens have been charged in federal court in the Northern District of Georgia for running Blender.io and Sinbad.io, crypto tumblers. Allegedly, these platforms that help hide the sources of transactions were used by hackers for crypto-currency laundering of money received from ransomware attacks, virtual currency thefts, and other unlawful activities. The accused are …
In a latest development, Heather Morgan, also known as the rapper “Razzlekhan,” released a new music video while preparing to serve prison time for her involvement in laundering cryptocurrency stolen in the Bitfinex hack. Her husband, Ilya Lichtenstein, was convicted of orchestrating the hack, and Morgan helped conceal and cash out parts of the stolen …
Arbitrum-based Orange Finance suffered a security breach, resulting in the theft of approximately $787,000 in crypto assets. The hacker exploited administrative controls to upgrade smart contracts, enabling unauthorized fund transfers to an external wallet. Security firm PeckShieldAlert confirmed the attack, prompting Orange Finance to advise users to halt all interactions with the platform and revoke …
Crypto phishing was recently demonstrated in all its glory when someone was scammed out of $474,422 worth of tokens, $OLAS, $SEKOIA, $VIRTUAL, and $FJO, to be specific. As Scamsniffer has reported, the victim signed several phishing approvals that allowed the attackers to manage the accounts. The victim was convinced that they were interacting with a …
CoinSwitch, one of India’s largest cryptocurrency trading platforms, has announced a ₹600 crore recovery plan to help the nation’s struggling crypto users. This coalition intends to support over 4 million users who were adversely impacted by the WazirX hack that occurred in July 2024, in which the exchange lost $230 million. Protection for the Sufferers …
criminal group in southern Vietnam involved in a clear cryptocurrency mining scam has defrauded at least 200 people of VND 4 billion ($157,300). The sting was executed by Tran Minh Quang, 41, and three others who were apprehended in Dong Nai Province south of Ho Chi Minh City. Bitminer: An Overview of a Crypto Mining …
Cryptocurrency was a warfare zone in 2024 and the security situation deteriorated, with on-chain thefts costing $2.3 billion. This figure increased to 31.61% from 2023 which shows that there are still lingering threats in the cryptos space. This week’s crypto hack report will present the key events of the week, known phishing cases, and a …
The Web3 dealt with an unrelenting number of phishing attacks in 2024 before it reached about $494 million in losses. According to Scam Sniffer’s 2024 phishing report, the figure has risen by 67% from the previous year and wallet drainer malware and the loops it opens to users is becoming more complex. Nonetheless, the rate of victims …