Coinbase CSO Philip Martin said no customer funds have been affected, and that this is an isolated incident.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Its co-founder said the company's treasury isn't big enough to cover the losses and it is working on a 'concrete plan' for compensation.
The group has reportedly helped freeze over $250 million in criminal assets less than a year after launch.
A long-running campaign to amass more than half of Monero’s hashrate appears to have succeeded, prompting concern among crypto observers about the privacy-focused blockchain. Qubic founder Sergey Ivancheglo claimed his project’s mining pool has “achieved 51% over Monero”, a level that would theoretically let it reorganize blocks, censor transactions, or attempt double-spends on the privacy […]
TRM Labs says 'Embargo' has handled $34.2 million in crypto payouts from ransomware attacks since April 2024, hitting U.S. healthcare and manufacturing.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
CrediX team appears to have executed an exit scam following a $4.5 million exploit, with the project’s X account inactive and website offline.
Decentralized lender Credix lost about $4.5 million after an attacker took control of an admin wallet and exploited bridge privileges.
The alleged heist would mark the second-largest Bitcoin theft in history in BTC terms, and the highest in dollar value at the time.
PeckShield estimates that losses from crypto hacks reached $142 million in July, marking a 27.2% increase from the previous month.
Bengaluru police say hackers honey-trapped a CoinDCX engineer with a part-time job offer to install malware on his work laptop and steal about $44 million.
The consensus bug comes just weeks after Heimdall was upgraded in Polygon's "most technically complex" hard fork since 2020.
The Department of Justice has reversed course on its Friday statement that it was considering charges against Dragonfly over the firm's early investment in Tornado Cash.
On the community’s official Discord, a representative stated the service is functioning again and that the issue is under investigation.
Over a week ago, roughly 167,000 ETH worth over $630 million was withdrawn from the Aave lending pool flipping a popular staking strategy negative.
The initiative is set to distribute 30 million ARB tokens over 12 months, following the approval of a proposal by ArbitrumDAO.
The fund is the first and only crypto ETF so far to offer staking rewards to U.S. investors, according to an announcement on Thursday.
The centralized exchange said it is tracking the funds alongside external security firms and will make customers whole.
Chainalysis says rising wallet attacks and costly laundering fees could push losses past $4 billion this year.
Staking ETFs remain an uncertainty in the U.S., despite an easing regulatory environment under President Donald Trump’s pro-crypto administration.
BigONE has lost $27 million in a third-party security attack earlier today targeting its hot wallet.
Certik said crypto users and decentralized finance (DeFi) protocols lost $302 million to hacks and scammers in May.
The scammer, likely a man based in Nigeria, used a common tactic to make fraudulent emails appear legitimate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The firm announced in 2023 that it would discontinue support for Bitcoin Cash, Kusama, and Omni due to a lack of usage.
The hacker exploited GMX's V1 GLP liquidity pool on Arbitrum this Wednesday, draining over $40 million in various cryptocurrencies.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
While a post-mortem of the attack has yet to occur, the hacker appears to have drained funds out of GMX's GLP liquidity pool.
Around $80 million has been frozen or recovered from the attack, the largest in history to affect Brazil's financial infrastructure.