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Certik Study: $332 Million Lost to Exploits, Hacks and Scams in September, More Than $1.3 Billion Lost in 2023
8.10.2023
In the month of September, digital assets worth approximately $332 million were siphoned from trading platforms via methods that include flash loan attacks, exit scams, and exploits. The value of digital assets stolen through exploits rose from $13.5 million in August to nearly $330 million...
Crypto Security Firm Certik Warns Over 40% of Telegram Bot Tokens May be Exit Scams
14.9.2023
Crypto security firm Certik has revealed that more than 40% of Telegram Bot tokens could be exit scams.
"Our analysis shows that over 40% of Telegram Bot tokens could be exit scams," the company said in a Wednesday tweet.
Certik pointed out that these tokens have witnessed an “astronomical...
Crypto Thefts in 2023: Nearly $1 Billion Lost to Scams and Exploits, Reports Certik
1.9.2023
According to cybersecurity firm Certik, nearly $1 billion in cryptocurrency has been pilfered due to scams, rug pulls, and exploits throughout 2023. The company highlighted that the combined incidents in August alone led to a loss of $45.8 million. Certik Analysis: Cryptocurrency Losses Near...
Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin
2.6.2023
Over $45 million was lost to exit scams in May while exploits on DeFi protocols racked up less than half that amount over the same period
Blockchain security firm freezes $160K stolen in Merlin DEX 'rugpull'
5.5.2023
CertiK has contacted law enforcement in the U.S. and U.K. to find the pseudonymous operators
Crypto Incidents Involving Exit Scams, Hacks, and Code Exploits Reach Record Low in December 2022 According to Certik
3.1.2023
According to blockchain security company Certik, the number of cryptocurrency incidents involving exit scams, hacks, and code exploits in Dec. 2022 was the lowest monthly figure of the year. Certik noted that the combined incidents amounted to $62.2 million “lost to exploits, hacks, and scams.”...
No 'respite' for exploits, flash loans or exit scams in 2023: Cybersecurity firm
3.1.2023
The industry is likely to see “further attempts from hackers targeting bridges in 2023," while users are urged to be warier of their private keys
Crypto Founder Faces 10 Years in Prison Over Millions of Dollars in Exit Scam Without Paying Taxes
13.12.2020
A cryptocurrency founder has been arrested and is facing up to 10 years imprisonment for tax evasion after running an exit scam. He allegedly made millions of dollars from his cryptocurrency and used an elaborate scheme to avoid paying taxes. Crypto Founder Exit Scams, Caught for Tax Evasion...
Report: 33% of US Based ICO Investors Say Founders Intentionally Deceived Them or Withheld Key Information
2.12.2020
A survey conducted by Xangle Research finds that a third (33%) of respondents say founders of an initial coin offering (ICO) in which they invested either intentionally deceived them or withheld key information. A further 17% of the responding ICO investors say they did not know if they had been...
Exit scams and regulations disrupt global darknet markets
27.10.2020
Recent exit scams have displaced the users of darknet markets, with Eastern European-only platform Hydra now the largest worldwide
Sushiswap Founder Reportedly Exit Scams as Sushi Token Price Tanks
5.9.2020
The anonymous founder of Sushiswap has reportedly exit scammed after converting all of his sushi tokens to ETH on September 5. Reports of the alleged scam came a few after the sushi token, which forked from the Uniswap protocol, went up in value to $10 in just 24 hours. A Twitter user Spensernoon...
Biggest Darknet Market Allegedly Exit Scams USD 30M In Crypto - Report
26.8.2020
Leading darknet market Empire Market has reportedly shut down its operations, exit scamming the site’s estimated 1.3 million users out of some bitcoin (BTC) 2,638, worth close to USD 30 million.
Reported by dark.fail, a journalist specialized in covering the darknet, the development comes with...
Pulling the rug: DeFi investment hype fuels rise in crypto exit scams
24.8.2020
Rogue actors are swarming Uniswap with fake tokens designed to capitalize on the growing DeFi hype to defraud investors
Darknet Users Discuss the Connection Between DDoS Attacks and Exit Scams
1.2.2020
During the last few weeks, a number of darknet markets (DNMs) like Dread and Empire have been attacked relentlessly with heavy DDoS attacks. Meanwhile, reports disclose that Apollon is allegedly pulling an exit scam in the same fashion as Nightmare Market did last year. Darknetstats.com details...
New Chainalysis Report Sheds Light on Darknet Markets and the Need for Onchain Privacy
29.1.2020
Darknet market activity hit new highs in 2019, as shown in a new report from blockchain forensics firm Chainalysis. Despite concerted attempts from law enforcement (LE) to crack down on darknet markets (DNMs), coupled with several exit scams, crypto inflows and outflows surpassed $800 million last...
What Is the Cryptocurrency Exit Scams and How to Identify Them?
28.10.2019
Many of us are influenced by the life-changing success stories of the individuals in the crypto industry and fanaticize a rosy picture about making a fortune with cryptocurrencies. However, simultaneously, there are dark realities of frauds and scams in this industry, which leverages the unique...
Crypto Scams: The Effect on Consumers and Legitimate Businesses
8.10.2019
As a crypto collectible company falls victim to copyright infringement, what are common types of scams in the industry — and how are they identified? #Sponsored
Crypto Exit Scams — How to Avoid Falling Victim
9.9.2019
Exit scams have plagued the crypto industry for quite some time, here is a closer look at how to best avoid such fraudulent schemes
Exit Scams Swindled $3.1 Billion From Crypto Investors in 2019: Report
12.8.2019
In total, investors, users, and exchanges have lost some $4.3 billion from illicit activity
Hackers Have Looted More Bitcoin Than Satoshi’s Entire Stash
24.5.2019
Ever since cryptocurrencies started gaining value, hackers have targeted exchanges that provide digital asset trading and malicious entities have siphoned billions of dollars worth of bitcoin since 2010. So far, over 1 million of the world’s BTC has been stolen from exchanges and traders...