Phishing attacks are a growing concern in the crypto industry, accounting for over $46 million worth of cryptocurrency stolen during September.
Last week, CoinDesk's Sam Kessler reported that developers and IT workers employed by the Democratic People's Republic of Korea – i.e. North Korea – had managed to get themselves hired by a number of crypto projects, giving them two different ways of raising funds for the national regime.
According to crypto security firm Scam Sniffer, 9,145 users were victims of phishing attacks during August 2024, losing funds as a result.
According to crypto security firm Scam Sniffer, 9,145 users were victims of phishing attacks during August 2024 and lost funds as a result.
The scammers spent their gains on a lavish lifestyle of luxury cars, apartments, jewelry, and nightlife.
Binance urged the WazirX team to take accountability for the hack, and compensate users for the loss of funds.
North Korean hackers are reportedly targeting the billions of dollars in BTC and ETH held by crypto ETF custodians.
Genomes.io CEO Aldo de Pape tells The Agenda podcast that customers should be wary about giving away their DNA data for free, as its true value is astronomical.
According to a recent Chainalysis report, thefts resulting from crypto hacks and exploits have totaled $1.58 billion in 2024.
Despite the falling number of smart contract exploits, hackers could surpass the previous year in terms of total value stolen.
Decentralized finance (DeFi) hacks remain a major threat to the industry despite a reduction in the amount stolen in 2023, according to blockchain security firm Halborn.
WazirX said its preliminary investigation found no evidence indicating that the machines of WazirX signers were compromised during a recent sophisticated cyber attack on its multi-signature Ethereum wallet, according to a July 25 blog post, The attack, which occurred earlier this month, has prompted significant concern and scrutiny within the crypto community. The exchange initially […]
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Multiparty computation (MPC) wallet provider Liminal said its infrastructure remains safe and was not compromised in the recent hack of India-based crypto exchange WazirX. The firm made the statement in its post-mortem report on July 19. The report attributes the breach to compromised devices within WazirX’s network, clarifying that Liminal’s user interface (UI) was not […]
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Ethereum layer-2 network Scroll has delayed its chain finalization due to a potentially exploitable bug within its ecosystem. On July 19, Rho Markets, a lending protocol on the blockchain, detected unusual activity and suspended operations to investigate. Blockchain security firm Cyvers Alert reported a hack of approximately $7.6 million on Rho Markets’ USDC and USDT […]
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Blockchain security firm Cyvers Alert reported that the Indian exchange WazirX was exploited for around $235 million. Cyvers stated: “Our system has detected multiple suspicious transactions involving [WazirX’s] Safe Multisig wallet on the ETH network. A total of $234.9M of your funds have been moved to a new address. Each transaction’s caller is funded by […]
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A crypto whale who lost $24 million worth of liquid staked Ethereum via a phishing scam last year is receiving the money back. Blockchain security firm Scam Sniffer reported that the attacker had returned more than $10 million of the stolen funds as of July 15. The refund On-chain data shows that the attacker began […]
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The Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licenses, raising concerns over investor safety.
Blockchain sleuth ZachXBT suggested that North Korea-backed Lazarus Group orchestrated the $305 million hack of the Japan-based DMM Bitcoin exchange. In a social media post on July 14, ZachXBT pointed out the similarities in the “laundering techniques and off-chain indicators” used by the Lazarus Group and those seen in the movement of funds by the […]
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Malicious actors are targeting several crypto projects with domain names provided by Squarespace. On July 11, Oxngmi, the pseudonymous developer of DeFiLlama, reported that over 100 crypto projects using Squarespace, including Polymarket, Hyperliquid, dYdX, and THORChain, are at risk of being hacked. Blockchain security firm Blockaid confirmed this, stating that an attacker gained control of […]
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DeFi platform Compound Finance has suffered a significant security breach that has affected its official website. The protocol’s domain has been hijacked and is currently hosting a phishing site, posing a severe user risk. Per Compound Labs’ official X account, the company issued an urgent warning at 10:15 A.M. on July 11, stating, “The Compound […]
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According to data from cybersecurity firm Cyvers, stolen funds on centralized exchanges increased 900% year over year in the second quarter.
Crypto phishing exploits in the first half of this year reached $341 million, surpassing the $295 million scammers siphoned from victims in 2023, according to blockchain security firm Scam Sniffer. Security expert and SlowMist founder Yu Xian said the phishing incidents of the first half of the year showed that the profit margin of these malicious attacks […]
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A fake Phantom wallet app in the Apple Store is reported to drain assets upon account recovery with a private key. Phantom Wallet and Solana users have been alerted to the fraudulent app mimicking the legitimate Phantom Wallet. The fake app, published by Meta Voxify and with poor 1-star reviews, appears as an ad and […]
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The crypto ecosystem experienced significant losses in the second quarter of 2024, with a total of $572.7 million lost due to hacks and frauds — up 112% compared to the same period a year ago, according to Immunefi’s latest quarterly breakdown report. Meanwhile, year-to-date (YTD) losses due to hacks and frauds have reached $920.9 million, […]
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Fast-rising blockchain platform The Open Network (TON) is under increasing threat from phishing attacks, according to Yu Xian, the founder of blockchain security firm SlowMist. Xian highlighted the growing prevalence of phishing links and bots on TON. He attributes this rise to the network’s open nature, which makes it a fertile ground for scammers. He […]
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Crypto exchange Kraken reported that a rogue security research company has unilaterally held on to $3 million in digital assets they exploited from a bug on its platform. Kraken’s Chief Security Officer Nick Percoco detailed the incident on X, revealing that on June 9, the company received an anonymous tip from a “security researcher” about […]
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CryptoSlate caught up with Ledger’s CTO Charles Guillemet at BTC Prague on a range of topics, from what really happened during the Ledget ConnectKit exploit to the intricate challenges of securing such a high percentage of the world’s digital assets. Guillemet’s background, deeply rooted in cryptography and hardware security, provides a strong foundation for his […]
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Nearly $19 billion worth of digital assets have been lost to exploits in the past 13 years, with $2.9 billion stolen during the largest single crypto theft during the 2019 Plus Token fraud.
Almost $19 billion worth of cryptocurrency has been stolen in thefts dating back to 2011 as the industry continues to grapple with rising blockchain-related crime, according a report from Crystal Intelligence.
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 […]
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