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Chainplay: 83% of Crypto Investors Have Faced Scams or Hacks


A recent study by Chainplay and Storible reveals that 83% of crypto investors have been scammed or hacked at least once, with average losses reaching $2,622 per victim. Exchange hacks have cost users over $27 billion, highlighting the persistent security risks in the crypto market. Crypto Fraud...

Experts Warn: Africa’s High Crypto Adoption Rate Attracts Cybercriminals


Africa is facing a surge in cyberattacks where hackers hijack social media accounts of prominent figures and institutions to promote fake cryptocurrencies. Some experts recommend educational campaigns to teach users how to verify token promotions. Compromised Accounts Used in Crypto Fraud...

UPCX Assures Users After Unauthorized Transfer of 18.4M Tokens


UPCX, a decentralized payment network, has temporarily suspended deposits and withdrawals due to unauthorized activity in its management accounts. Unauthorized Transfer of Millions in UPC Tokens UPCX, a decentralized payment network, has announced the temporary suspension of deposits...

Crypto hacks top $1.6B in Q1 2025 — PeckShield


Hackers stole more than $1.63 billion in cryptocurrency during the first quarter of 2025, with the Bybit exploit accounting for more than 92% of total losses, according to blockchain security firm PeckShield.PeckShield reported that over $87 million in crypto was lost to hacks in January, while...

Crypto hacks top $1.6B in Q1 2025 — PeckShield


Hackers stole more than $1.63 billion in cryptocurrency during the first quarter of 2025, with the Bybit exploit accounting for more than 92% of total losses, according to blockchain security firm PeckShield.PeckShield reported that over $87 million in crypto was lost to hacks in January, while...

T3 Financial Crimes Unit Freezes $9 Million Linked to Bybit Hack


On Wednesday, the T3 Financial Crimes Unit (FCU), integrated by Tether, Tron, and TRM Labs, announced that it had frozen close to $9 million linked to one of the largest cryptocurrency thefts ever, the Bybit hack. Paolo Ardoino, CEO of Tether, highlighted that the company remained “unwavering...

Lazarus Group’s 2024 pause was repositioning for $1.4B Bybit hack


North Korea-affiliated hackers may have scaled back their operations in the second half of 2024 while preparing for what became the largest crypto hack in history.The crypto industry was rocked by the enormous hack on Feb. 21 when Bybit lost over $1.4 billion to the infamous North Korean Lazarus...

DeFi Platform Abracadabra Hit by Hack, Offers Reward for Return


Abracadabra Finance confirmed a hack of its GM cauldrons products, resulting in a loss of 13 million MIM stablecoins. Reward Offered to Hackers for Return of Stolen Funds The decentralized lending platform Abracadabra Finance confirmed on March 26 that its GM cauldrons suite of products was hacked...

Infini takes legal action after $50 million stablecoin exploit


Stablecoin payment platform Infini has filed a lawsuit against a developer and several unidentified individuals suspected of involvement in a hack that drained nearly $50 million in crypto assets.On March 24, the Infini team sent an onchain message to the attacker, naming the developer Chen...

Infini takes legal action after $50 million stablecoin exploit


Stablecoin payment platform Infini filed a Hong Kong lawsuit against a developer and several unidentified individuals suspected of involvement in a hack that drained nearly $50 million in crypto assets.On March 24, the Infini team sent an onchain message to the attacker, citing developer Chen...

US Treasury argues no need for final court judgment in Tornado Cash case


The US Treasury Department says there is no need for a final court judgment in a lawsuit over its sanctioning of Tornado Cash after dropping the crypto mixer from the sanctions list.In August 2022, Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash after alleging...

US Treasury argues no need for final court judgment in Tornado Cash case


The US Treasury Department says there is no need for a final court judgment in a lawsuit over its sanctioning of Tornado Cash after dropping the crypto mixer from the sanctions list.In August 2022, Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash after alleging...

US Treasury argues no need for final court judgment in Tornado Cash case


The US Treasury Department says there is no need for a final court judgment in a lawsuit over its sanctioning of Tornado Cash after dropping the crypto mixer from the sanctions list.In August 2022, Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash after alleging...

Bitcoin bottom forming as Fed eases, Trump softens on tariffs: Analyst


Bitcoin may have bottomed and could rebound toward $90,000 after US President Donald Trump signaled a willingness to ease tariffs and the Federal Reserve resisted short-term pressure last week, according to a crypto analyst.“Bitcoin is attempting to form a bottom, supported by Trump’s...

Bitcoin bottom forming as Fed eases, Trump softens on tariffs: Analyst


Bitcoin may have bottomed and could rebound toward $90,000 after US President Donald Trump signaled a willingness to ease tariffs and the Federal Reserve resisted short-term pressure last week, according to a crypto analyst.“Bitcoin is attempting to form a bottom, supported by Trump’s...

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