-
Iranian Crypto Exchange Nobitex Allegedly Loses $73 Million in Exploitation, Claims ZachXBT
In recent developments, an Iranian cryptocurrency exchange has reported a significant security breach, resulting in the theft of at least $73 million. This incident has raised alarms within the crypto community and sparked discussions about the growing need for enhanced security measures in the rapidly evolving landscape of digital currencies. The attack reportedly utilized a…
-
Over $3 Million in Cryptocurrency Stolen from Nervos Network’s Force Cross-Chain Bridge, Security Analysts Report
In a recent incident that has sent shockwaves through the decentralized finance community, Force, a cross-chain bridge operating on the Nervos Network, has suffered a significant loss estimated at around $3 million. This unfortunate event has involved the theft of various cryptocurrencies, including Ethereum (ETH), stablecoins, and wrapped Bitcoin (wBTC), raising serious concerns about the…
-
In May, Cybercriminals Steal $244 Million in Cryptocurrency as Hacking Losses Drop by 40%, Reports PeckShield
In the world of cryptocurrency, security remains one of the most pressing concerns for investors and enthusiasts alike. As the digital landscape continues to evolve, so do the methods employed by cybercriminals to exploit vulnerabilities within this space. A recent report by PeckShield has shed light on the alarming uptick in cyberattacks, revealing that May…
-
Wintermute Alerts Ethereum Users of Automated Attack Risks Associated with Pectra Upgrade
In a chilling development in the world of cryptocurrency, a single user has reportedly lost close to $150,000 due to a specialized attack known as an automated wallet-sweeping attack. This alarming incident has been uncovered by a prominent blockchain security firm, and it brings to light the vulnerabilities that can exist within digital wallets. Cryptocurrency,…
-
Sui DEX Cetus Reveals Neglected Vulnerability in Open-Source Library Behind $223 Million Smart Contract Exploit
Cetus is set to enhance its security measures by implementing a comprehensive approach that includes thorough testing, an increase in audit activities, and a more robust bug bounty program. As cybersecurity threats continue to evolve and pose significant risks to digital platforms, it is essential for companies like Cetus to stay one step ahead of…
-
Sonic Labs Secures Court Ruling to Dissolve Multichain Foundation
In a significant ruling, the High Court in Singapore has sided with Sonic Labs in a motion aimed at liquidating the Multichain Foundation, following a hacking incident that occurred in 2023, resulting in substantial financial losses. The ruling, handed down on May 9, was presided over by Justice Kwek Mean Luck. This decision allows Sonic…
-
Colorado-Based Xinbi Emerges as Major Player in $8 Billion Illicit Crypto Market, Reveals Elliptic Report
Recently, a troubling connection has come to light involving a firm based in Colorado and a Chinese illicit online marketplace known to be facilitating scams primarily in Southeast Asia. This marketplace, identified as Xinbi Guarantee, has reportedly been instrumental in funneling an astonishing $8.4 billion in cryptocurrency transactions, predominantly in Tether (USDT), as reported by…
-
Solana Developers Resolve Critical Bug Behind Unlimited Token Minting Issue
The Solana Foundation recently announced that it has addressed a critical zero-day vulnerability that had the potential to allow attackers to mint specific tokens and withdraw these tokens from user accounts. This situation raised significant concerns within the community, but it appears that swift action was taken to mitigate any potential damage. On May 3,…
-
Immunefi Reports $92.5 Million Surge in Crypto Hacks During April 2025
In recent months, the landscape of decentralized finance (DeFi) has experienced a notable surge in security breaches, with Ethereum and the BNB Chain experiencing the most significant impacts. A staggering 60% of the hacks reported in April were attributed to vulnerabilities within these platforms. This trend highlights the ongoing challenges that blockchain networks face in…
-
FBI IC3 Reports Alarming $2.8 Billion in Cryptocurrency Losses for Vulnerable Older Americans
In the ever-evolving landscape of finance, cryptocurrency has emerged as a double-edged sword. While it offers incredible opportunities for innovation and wealth creation, it has also opened the door to a worrying increase in fraud. In the year 2024, losses attributed to cryptocurrency fraud skyrocketed by an alarming 66%, leading to total losses of $9.3…
-
Term Finance Recovers $1 Million from $1.6 Million Loss Due to Oracle Configuration Error
Recently, the decentralized finance (DeFi) space has been rocked by a series of unfortunate incidents involving hacks, exploits, and various types of vulnerabilities. One of the latest victims of these attacks is Impermax, a DeFi protocol that suffered a security breach over the weekend. Impermax, like many other DeFi platforms, is built on the principles…
-
Solana DeFi Protocol Loopscale Faces $5.8 Million Exploit Just Two Weeks Post Launch
In recent developments, a prominent platform has partnered with law enforcement agencies and security experts to investigate a significant exploit that has occurred within its system. The intention behind this collaboration isn’t merely to address the immediate concerns caused by the exploit but also to pursue avenues for recovering funds that may have been compromised…
-
$5 Million Stolen in Hack of Ethereum Layer-2 ZKsync Airdrop Account
Recently, a significant security breach occurred within the Ethereum layer-2 scaling network known as ZKsync, leading to the compromise of its administrator account. This incident has resulted in a staggering loss of around $5 million. Such events not only highlight vulnerabilities within the blockchain space but also serve as a reminder of the importance of…
-
KiloEx Reports Successful Containment of $7.5 Million Exploit at Decentralized Exchange
Recently, the decentralized exchange KiloEX took a significant hit when it confirmed that it had suspended operations following a serious security breach that resulted in a loss of approximately $7.5 million. The team behind KiloEX is currently working diligently to trace the stolen funds and has initiated an investigation into how the exploit occurred. In…
-
ODINDOG Experiences Massive 57% Drop to Record Low Following Co-Founder’s Hacking Incident
In the ever-evolving world of cryptocurrencies, events can change in the blink of an eye, catching investors and enthusiasts off guard. Recently, a significant incident was reported involving a hacker who siphoned funds from a deployer wallet, resulting in a hefty liquidation amounting to around $178,000. The fallout from this breach has had a profound…
-
0xbow Launches Cutting-Edge Privacy Pools: A Revolutionary Blockchain Privacy Solution Inspired by Vitalik Buterin’s Research
In 2023, a groundbreaking research paper emerged from a group of security experts, with Vitalik Buterin as one of its co-authors. This paper introduced innovative concepts surrounding privacy and security in the evolving landscape of digital data. As discussions around personal data protection intensified, the need for more robust solutions became clear. Responding to this…
-
DeFi Protocol SIR.trading Experiences Total Collapse as $355K in Total Value Locked Vanishes Amidst Major Setback
On March 30, an unfortunate incident struck the Ethereum-based decentralized finance (DeFi) protocol SIR.trading, which is also recognized as Synthetics Implemented Right. The protocol was hacked, leading to a staggering loss of its total value locked (TVL), which stood at approximately $355,000 prior to the breach. This event sent shockwaves through the DeFi community, emphasizing…
-
GMX Takes a Stand on Contracts Following $13 Million Loss Linked to Abracadabra’s Cauldron Exploit
Recently, the world of cryptocurrency and decentralized finance faced a scare when an exploit tied to Abracadabra’s cauldrons led to a staggering loss of $13 million. As is often the case in the rapidly changing landscape of digital assets, news of hacks and breaches can send shockwaves through communities, prompting panic and uncertainty among users…
-
South Korean Man Sentenced to 10 Years in Prison for Stabbing Crypto CEO During Fraud Trial
In a significant development within the cryptocurrency space, recent investigations revealed a notable case involving Haru Invest, a platform that has been accused of orchestrating a massive fraud impacting thousands of investors. Reports suggest that the perpetrator of this scheme reportedly suffered a loss of 100 Bitcoin, a substantial amount given the current value of…
-
Crypto Users Warn of New Scam Emails Impersonating Coinbase and Gemini
In recent weeks, there has been a noticeable uptick in reports from cryptocurrency users regarding scams that utilize misleading email communications purportedly from reputable exchanges such as Coinbase and Gemini. These fraudulent emails are cleverly designed to lure unsuspecting users into creating new wallets with pre-generated recovery phrases controlled by the scammers themselves. Such tactics…
-
Sui Foundation Partners with Blockaid to Strengthen Ecosystem Security
In a significant development for the blockchain sector, Blockaid has forged a partnership with the Sui Foundation to boost security measures within the Sui ecosystem. This collaboration aims to fortify Sui wallets while addressing potential vulnerabilities related to smart contracts, off-chain threats, and operational issues. The Sui Foundation, established to nurture the growth of Sui—a…
-
EU Regulators Investigating OKX for Allegedly Laundering $100M from Bybit: Report
Recent developments have emerged surrounding the European Union’s regulatory scrutiny of the cryptocurrency exchange, OKX, particularly related to a service that may have facilitated the laundering of approximately $100 million in stolen funds from the infamous Bybit hack. As reported by Bloomberg, authorities within the EU are actively examining the implications of OKX’s decentralized finance…
-
Solana Validators Prepare to Vote on Crucial ‘SIMD-228’ Proposal Impacting Network Inflation
In the realm of cryptocurrency and blockchain technology, discussions around inflation and security are pivotal in shaping the future of networks. The SIMD-228 proposal has surfaced as a noteworthy initiative that aims to tackle the inflation dynamics associated with the Solana blockchain while simultaneously prioritizing its overall security. Inflation within cryptocurrency systems, particularly in Solana’s…
-
Global Law Enforcement Agencies Take Control of Domains Linked to Sanctioned Russian Crypto Exchange Garantex
In recent years, the complexities of digital finance have brought both opportunities and challenges into sharper focus. One of the companies frequently mentioned in discussions surrounding regulatory compliance and illicit financial activities is Garantex, a cryptocurrency exchange that has drawn scrutiny due to its alleged connections with money laundering and organized crime. According to various…
-
Unveiling the Money Laundering Strategy of the Lazarus Group
In the ever-evolving landscape of cryptocurrency, security and trust are of paramount importance, especially following high-profile incidents that shake the very foundations of the industry. One such incident occurred recently at Bybit, a prominent cryptocurrency exchange that fell victim to a sophisticated hacking attempt orchestrated by the notorious Lazarus Group. This event has reignited conversations…
-
CZ Responds to Safe Wallet’s Analysis of Bybit Hack
In the ever-evolving landscape of cryptocurrency, security remains a paramount concern among industry leaders. Recently, Changpeng Zhao, the CEO of Binance, expressed his dissatisfaction regarding the explanations provided about a significant hack that rocked the crypto community. This incident not only raised eyebrows but also revealed potential vulnerabilities within the infrastructure that supports cryptocurrency exchanges.…
-
Analyst suggests Ethereum derivatives traders hedge against potential losses following Bybit hack
In an alarming development for the cryptocurrency market, derivatives traders are grappling with the implications of a significant security breach that has led to the theft of approximately $1.5 billion worth of Ether (ETH) from the cryptocurrency exchange, Bybit. This event is not just a breach of security but a crucial turning point that has…
-
Bybit Launches Blacklisted Wallets API to Support Recovery Initiative
In the rapidly evolving landscape of cryptocurrency, security breaches and thefts have become a significant concern for investors and exchanges alike. As the industry continues to mature, exchanges are increasingly turning to innovative solutions to combat cyber threats. One such initiative has emerged from Bybit, a prominent cryptocurrency exchange known for its robust trading platform…
-
Bybit Exchange Breach: Over $1.4 Billion in Ethereum-Linked Tokens Stolen
On February 21, 2023, the cryptocurrency market was shaken by a significant security breach that involved the Bybit exchange, one of the prominent platforms for trading digital assets. The incident, which is now notorious in the annals of cryptocurrency history, revolved around a cold wallet containing a staggering amount of funds—over $1.4 billion in Ethereum…
-
Bybit Confirms Hack as Over $1.4 Billion in ETH Exits Wallets
On a day that has sent ripples through the cryptocurrency community, Bybit, the prominent Singapore-based centralized crypto exchange, has reportedly faced a security breach. This alarming news comes directly from the company’s CEO, stirring concerns among users and investors alike about the privacy and safety of their digital assets. In an era where cybersecurity has…
-
WhiteBIT Protects Over $150M: Strategies the Exchange Uses to Combat Crypto Crime
In a noteworthy development within the cryptocurrency landscape, WhiteBIT, a prominent digital currency exchange, announced its impressive achievement of securing over $150 million in at-risk cryptocurrency funds for the year 2024. This initiative emphasizes the exchange’s commitment not only to robust financial practices but also to its role as a critical player in combating digital…
-
Ethereum Security Platform Drosera Secures $3.25 Million in Funding, Bringing Total Investment to $4.75 Million
In the rapidly evolving landscape of cryptocurrency and blockchain technology, smart contracts are becoming increasingly vital for enhancing security and automating complex processes. One innovative player in this space is Drosera, a company that has taken a unique approach to safeguarding the Ethereum network through the development of advanced smart contract solutions. At the heart…
-
ChainGPT Partners with ChainAware to Enhance AML and Compliance Through Advanced Anti-Fraud Solutions
In a significant development within the blockchain and cryptocurrency landscape, ChainGPT, a leader in blockchain AI solutions, has announced its strategic partnership with ChainAware, a company renowned for its advanced anti-fraud and anti-money laundering (AML) technologies. This collaboration comes at a time when regulatory scrutiny in the cryptocurrency sector is escalating, necessitating a robust compliance…
-
Teardrop Attacks in Cryptocurrency: Understanding and Preventing Them
In the rapidly evolving landscape of blockchain technology, security remains a paramount concern for stakeholders across various sectors. One of the emerging threats within this domain is the so-called “teardrop attack.” This form of cyber threat has garnered attention due to its potential to disrupt decentralized networks and compromise the integrity of blockchain systems. As…
-
Counterfeit OKX Plugins Discovered on Firefox Browser Store
In the rapidly evolving landscape of digital finance, the significance of cybersecurity cannot be overstated. A statistical analysis conducted by the esteemed cybersecurity firm CertiK has unveiled a concerning trend in the realm of cryptocurrency security. The report reveals a sharp increase in the number of cyberattacks targeting the cryptocurrency sector, with incidents rising from…
-
Crypto’s Historic Surge Linked to Rise in Kidnappings and Ransom Schemes
The increasing adoption of cryptocurrencies has brought with it a corresponding surge in risks associated with cybercrime, including ransomware attacks, kidnappings, and extortion. As the cryptocurrency market continues to evolve, it is essential for traders and investors to stay informed about the potential threats that could jeopardize their financial security. The expansion of the cryptocurrency…
-
Virtuals Protocol Resolves Bug and Offers Bounty for Researcher’s Findings
In an environment where both innovative financial solutions and cybersecurity challenges converge, the recent discovery of a critical vulnerability in Virtuals Protocol’s audited smart contract has significant implications for the security and operational integrity of decentralized finance (DeFi) platforms. The discovery, made by a pseudonymous security researcher, underlines the constant need for vigilance and proactive…
-
Reappearance of Infamous ‘Blockchain Bandit’: Transfers 51,000 ETH in Massive Fund Movement
On September 10, 2021, the cryptocurrency world was abuzz with news of a significant movement of funds on the Ethereum blockchain. Dubbed by some as the “Blockchain Bandit,” an unknown entity transferred a staggering $172 million worth of Ether (ETH) from 10 dormant wallets that had not seen activity since 2018. This unexpected and substantial…
-
Adam Back: Quantum Computing Set to Strengthen Bitcoin Signatures
The post-quantum era, a significant milestone in the evolution of technology, is anticipated to be a reality in the coming decades. While the exact timeline for this transition remains uncertain, the impact it may have on various aspects of our digital landscape, including the security of the Bitcoin network, is a topic of growing interest…
-
Identifying and Steering Clear of Deceptive Crypto Liquidity Pools
Cryptocurrencies have been gaining significant popularity and adoption in recent years, with many investors attracted to the potential for high returns in the rapidly evolving market. However, along with the opportunities presented by the cryptocurrency space come certain risks, including the prevalence of fake crypto liquidity pools and fraudulent projects. One of the key risks…
-
Acurast Introduces Processor Lite for iOS: Enabling iPhone Users to Contribute to the Secure DePIN Cloud Revolution Supported by Polkadot
Acurast, a prominent player in the mobile technology industry, has introduced a groundbreaking innovation with the release of Processor Lite for iOS. This cutting-edge development marks a significant milestone in the realm of mobile device security and user empowerment. The advent of Processor Lite opens up new possibilities for iPhone users, enabling them to participate…
-
Introducing Duress Mode by Deus Wallet: Enhancing Cryptocurrency Security with a Revolutionary Solution
Deus Wallet Introduces Duress Mode: The Revolutionary Solution for Cryptocurrency Security In the rapidly evolving landscape of cryptocurrencies, security remains a paramount concern for both individual investors and institutions. With the increasing popularity and adoption of digital assets, the need for robust security measures to protect cryptocurrency holdings has become more critical than ever. Recognizing…
-
“Exciting Launch Ahead: SatLayer Ventures into BTCfi with Bitcoin Restaking Integration on Sui”
Grand Cayman, Cayman Islands, December 18th, 2024 – The prominent Sui developers have unveiled plans that will enable the integration of Bitcoin’s security and liquidity into their applications. This groundbreaking move has received notable attention in the financial market as Sui’s top protocols have expressed their support and readiness to embrace this initiative. The expansion…
-
WhiteBIT Now the First Exchange to Reach the Top Cryptocurrency Security Standard
WhiteBIT has achieved a major milestone in its journey by emerging as the inaugural cryptocurrency exchange worldwide to secure Level 3 certification under the Cryptocurrency Security Standard (CCSS). This noteworthy feat, awarded by the CryptoCurrency Certification Consortium (C4), symbolizes a groundbreaking advancement in the realm of cryptocurrency platform security. By attaining this prestigious certification, WhiteBIT…
-
OKX advises immediate update following disclosure of wallet bug
Cryptocurrency exchange OKX and blockchain security firm CertiK have recently announced the discovery of a critical vulnerability in OKX’s iOS wallet. This revelation has immediately prompted calls for users to update their apps in order to minimize the risk of a potential compromise to user data and crypto assets. On December 19th, CertiK made a…
-
Vitalik Buterin suggests the implementation of ‘enshrined zkEVM’ to tackle layer-2 obstacles on Ethereum
In a recent blog post on December 13, Ethereum co-founder, Vitalik Buterin, introduced a groundbreaking concept for the blockchain platform known as the “enshrined Zero-Knowledge Ethereum Virtual Machine” (ZK-EVM). The primary objective of this proposal is to significantly enhance the efficiency and security of Ethereum’s Layer-2 protocols, which encompass optimistic and ZK rollups. By addressing…
-
SEC Discussions Zero in on Key Details, Bringing Bitcoin ETFs Closer to Reality
Talks between the U.S. Securities and Exchange Commission (SEC) and several asset management firms have reportedly progressed to advanced technical discussions regarding the approval of spot Bitcoin exchange-traded funds (ETFs). According to sources familiar with the matter who spoke to Reuters on December 7, the talks have delved into key details surrounding the establishment of…
-
Lazarus Group from North Korea Intensifies Cryptocurrency Attacks with Telegram Phishing
North Korea-backed hackers Lazarus Group are increasingly targeting the cryptocurrency community through widespread phishing operations on the popular messaging application Telegram, according to a Dec. 6 update from blockchain security firm SlowMist. The group’s new modus operandi involves impersonating reputable venture capital investment figures from Archax, HashKey, and Gumi Cryptos to lure crypto teams with…
