Loopring, an Ethereum ZK-Rollup protocol, reported on June 9 that some of its smart wallets were exploited for an undisclosed sum. Following the news, Loopring’s LRC token dropped by approximately 4%, hitting a four-month low of $0.21, according to CryptoSlate’s data. $5 million lost Blockchain security firm Cyvers Alert reported that the breach led to […]
The post LRC falls to 4-month low as Loopring’s ‘most secured wallets’ hit with $5 million breach appeared first on CryptoSlate.
The security integration uses Blockaid’s threats database to screen for increasingly sophisticated phishing scams and exploits impacting Web3 users.
"Once you get hacked in most of the cases you're done," CEO Dadosh said. "And this is what we're trying to prevent."
A user known as “来日方长” (The Future is Long) has reported a significant security breach involving their OKX account, resulting in a loss exceeding $2 million. According to WuBlockchain, the user detailed that scammers had obtained all of his personal information through Telegram. Utilizing this data, the attackers accessed his email account and initiated a […]
The post OKX user claims to have lost $2 million in deep fake AI scam appeared first on CryptoSlate.
Hardware hacker Joe Grand and his team successfully recovered $3 million worth of Bitcoin from a software wallet that had been locked since 2013. The project, which Grand described as unlike anything he had worked on, involved reverse engineering a password generator to unlock the wallet. Grand, known for his expertise in hardware hacking, collaborated […]
The post Hackers recover $3 million Bitcoin from 2013 wallet through ingenious password crack appeared first on CryptoSlate.
Japan-based crypto exchange DMM confirmed a hack resulting in the theft of 4,502.9 BTC, valued at approximately 48 billion yen ($305 million). In a May 31 statement, the exchange reported detecting an “unauthorized leak of Bitcoin” from its wallet around 1:26 pm Tokyo time on Friday, May 31, 2024. Blockchain analytical firm Elliptic said the […]
The post Japanese DMM exchange suspends withdrawals after $305 million Bitcoin theft appeared first on CryptoSlate.
According to the on-chain sleuth, CAT memecoin creators hacked crypto influencer GCR to manipulate some coin prices.
Pink Drainer, a notorious crypto wallet-draining service, announces its closure after pilfering over $85 million from more than 21,000 victims in the past year.
The post Pink Drainer shuts down after dealing over $85 million in damage appeared first on Crypto Briefing.
Solana-based DeFi memecoin platform Pump.fun experienced a significant breach on May 16 when an exploiter apparently utilized flash loans to manipulate the platform’s bonding curve contracts. The platform has since paused all trading activities. In a statement on social media, Pump.fun acknowledged the exploit and assured users that the platform is investigating the issue. The […]
The post Pump.fun halts trading after suffering flash loan exploit appeared first on CryptoSlate.
Phishing attacks within the crypto industry decreased 46% to $38 million in April, the lowest amount this year, according to the security firm Scam Sniffer. Notably, this aligns with CertiK’s finding that crypto-related exploits and scams plummeted to a historic low of $25.7 million in April. April’s phishing attack Per Scam Sniffer’s findings, the Coinbase-backed […]
The post Crypto phishing attacks plummet in April, reaching a yearly low of $38 million appeared first on CryptoSlate.
Bitfinex Chief Technology Officer Paolo Ardoino has debunked rumors that the crypto exchange suffered a database exploit recently. Over the weekend, several reports suggested a potential database leak comprising 22,500 records of emails and passwords allegedly from Bitfinex users. However, Ardoino opined that the purported breach was likely fake, stating that only a small percentage […]
The post Bitfinex CTO dismisses rumors of major database breach, suggests misinformation by hackers appeared first on CryptoSlate.
Blockchain security firm Cyvers Alert reported that an unnamed crypto trader lost 1,155 Wrapped Bitcoin (WBTC), equivalent to $70.5 million worth, to address poisoning. The firm said: “Are we mistaken, or has someone truly lost $68 million worth of WBTC? Our system has detected another address falling victim to address poisoning, losing 1,155 WBTC.” Meir […]
The post Crypto trader loses $70.5 million in address poisoning scam, highest recorded yet appeared first on CryptoSlate.
On May 1, DeFi protocol Pike Finance corrected its description of a recent exploit and said it was not caused by a USDC vulnerability, as previously stated. According to the company’s latest statement: “The term ‘USDC vulnerability’ was inaccurate for summarizing last week’s exploit.” Instead, weaknesses in Pike’s contract functions, particularly issues related to the […]
The post Pike Finance admits to error following $1.7 million exploit, denies fault of USDC appeared first on CryptoSlate.
The amount stolen through crypto hacks, along with the number of successful attacks, has seen a sharp decline in April.
Crypto-related exploits and scams plummeted 68% in April compared to the previous month, reaching a historic low of $25.7 million, according to blockchain security firm CertiK. A breakdown of the incidents showed that the bulk of the losses, totaling $21 million, stemmed from exploits targeting blockchain protocols. Additionally, users suffered losses of $4.3 million due […]
The post Crypto scams hit historic low in April, plummeting 68% appeared first on CryptoSlate.
Approximately $181,000 worth of crypto assets was drained from Yield Protocol’s strategic contracts present on the Arbitrum blockchain.
The notorious group of hackers used a combination of crypto mixers and peer-to-peer marketplaces to launder the stolen funds.
The flash loan exploit was executed through the Arbitrum and Binance Smart Chain networks.
The post Hedgey Finance loses $44.5 million in flash loan exploit appeared first on Crypto Briefing.
The Security Alliance said it’s helped to recover $50 million since it formed, and now it has launched a tool to assist in fighting crypto hacks in real time.
The group has been linked to several rug pulls, among them Magnate, Kokomo, Solfire and Lendora.
A US court has sentenced Shakeeb Ahmed to three years in prison for hacking two separate decentralized crypto exchanges and stealing digital assets worth over $12 million, according to an April 12 statement from the US Department of Justice. The sentencing marks the first time someone has been convicted for hacking a smart contract. US […]
The post US court hands down historic sentence for smart contract hacker appeared first on CryptoSlate.
The newly discovered Telegram vulnerability can be avoided by disabling automatic downloading of media files on Telegram Desktop.
Ads carrying links to wallet drainers have been detected on Etherscan and a host of other crypto websites.
As phishing attacks rise, crypto exchanges tell users to keep their funds safe by using YubiKey devices and Passkeys, along with hardware wallets.
Decentralized exchange FixedFloat’s Ethereum-based hot wallet saw several suspicious transactions that led to the withdrawals of $2.8 million during the past day, according to the Web3 security firm Cyvers. Following the news, stablecoin issuer Tether blocklisted ten addresses involved in these withdrawals, effectively freezing about $400,000 worth of USDT tokens, according to blockchain security firm […]
The post FixedFloat reportedly suffers $2.8 million theft, Tether freezes $400,000 from attackers appeared first on CryptoSlate.
The NFT gaming platform is making key changes to its internal security framework after narrowly avoiding a $63 million hack.
Munchables is onboarding new signers to its multisig, re-auditing smart contracts and reviewing its dev hiring process to avoid what would have been a grave loss last week.
Most of the recovered funds were from the Munchables incident where the hacker returned the stolen crypto after negotiations.
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7 ETH (equivalent to $11.6 million) via a flash loan attack on the protocol. On Friday, March 29, the Prisma Finance hacker transferred some of the proceeds from the theft to crypto […]
Hundreds of thousands of game accounts are exposed to a malware targeting Call of Duty players, with some users reporting stolen Bitcoin.