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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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Hackers Compromise X Accounts of Cryptocurrency Firms to Promote Fraudulent Tokens
In recent months, the cryptocurrency landscape has been increasingly marred by a surge in phishing attacks, particularly noticeable on social media platforms such as X (formerly known as Twitter). These attacks exploit compromised user accounts, often belonging to influential figures in the crypto space, to distribute fraudulent tokens and malicious links to unsuspecting users. The…
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US Republican Lawmakers Demand Treasury to Clarify Recent Cybersecurity Breach
In recent developments, two prominent Republican lawmakers have expressed significant concern regarding a cybersecurity breach attributed to hackers with ties to the Chinese government. In a proactive step, they have formally requested a comprehensive briefing from the U.S. Treasury Department. This demand for clarity reflects not only the immediate urgency of the security issue at…
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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…