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Who is Andean Medjedovic, the Suspected $48M Hacker Behind KyberSwap?
In recent developments within the decentralized finance (DeFi) sector, a significant incident has emerged involving Andean Medjedovic, a Canadian national. Medjedovic is alleged to be involved in a substantial exploit of the DeFi protocol known as KyberSwap, which reportedly resulted in a loss of approximately $48 million. This event highlights various critical dimensions of the…
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“Cyber-Scammer Stablecoin Debuts Amid Sony L2 Controversy: Asia Express”
The persistent growth of the cryptocurrency ecosystem continues to reveal complex and multifaceted developments, both positive and negative. Recent reports indicate that the landscape is being shaped not only by legitimate market players but also by cybercriminal organizations taking advantage of the anonymous nature of digital currencies. One alarming trend is the emergence of a…
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Thai Police Raid Results in the Seizure of Almost 1,000 Bitcoin Miners: Report
A registered cryptocurrency trading firm in Thailand has come under scrutiny for allegedly embezzling a substantial amount of funds from various electricity providers, with estimates suggesting a total of approximately “hundreds of millions of baht.” In US dollar terms, this figure translates to at least $2.88 million. This investigation highlights not only the financial discrepancies…
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In 2024, North Korean Cybercriminals Looted Crypto Valued at Over $1.3B
In recent years, North Korea’s state-sponsored hackers have demonstrated a concerning escalation in their cybercrime activities, particularly in the realm of cryptocurrency theft. The year 2024 witnessed a significant surge in these illicit actions, with reports indicating that North Korean hackers managed to abscond with an astounding $1.34 billion worth of various cryptocurrencies. This sum…
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North Korean Hackers Allegedly Stole $1.3 Billion in Cryptocurrency in 2024, Reports Chainalysis
In the dynamic landscape of cybersecurity and digital assets, the threat of malicious actors targeting organizations and individuals to steal cryptocurrencies has been a persistent concern. Recent reports have highlighted a worrying trend where hackers affiliated with a certain reclusive nation, frequently subjected to sanctions by the United States, have intensified their illicit activities in…
