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Web3 Lost Over $890 Million to Hacks and Scams in Q3 2023: Boesin


Beosin EagleEye platform, a subsidiary of Beosin, a blockchain security audit company, revealed in a research report that Web3 lost approximately $890 million to various security breaches, phishing scams, and rug pulls in the third quarter of 2023.  Breaking down the losses, it was revealed that...

HTX Hacker Makes Off With $8 Million


Crypto exchange HTX experienced a security breach over the weekend that resulted in the loss of $8 million worth of crypto assets. In a recent post on X (formerly Twitter), HTX stakeholder Justin Sun confirmed the news, detailing that the hacker managed to steal 5,000 ETH (worth around $8 million)...

Optimism Plunges 9.29% Ahead of $30 Million Token Unlock -What’s Going On?


Ethereum layer 2 network Optimism faces headwinds as its price slumps nearly 10% in the week ahead of the planned token unlock on Sept 30. At press time, the price of OP exchanges hands at $1.26 falling by 9.29% over the past seven days. After a sharp fall slightly above 3% yesterday, the token...

Layer 2 Network Optimism Announces $26 Million Airdrop to 31,870 Wallets


Layer 2 network Optimism announced the third airdrop of OP tokens to 31,870 qualified addresses aimed at bolstering community participation.  In an announcement on X (formerly Twitter), the company stated that the airdrop will see it allocate 19.4 million OP tokens approximately $26 million...

Huobi's Hot Wallet Reportedly Drained of $7.9 Million – What Happened?


Global cryptocurrency exchange Huobi was the victim of a cyberattack that resulted in the theft of 5,000 ETH worth approximately $7.9 million.  CyversAlerts, a reliable crypto security company, was the first to report the attack.  The blockchain firm stated that the attack was successful due to...

Mixin Network suffers a $200 million hack attack


Mixin Network has suffered a hack attack, draining funds worth $200 million. The community has received confirmation of the news from Mixin Network on X, formerly Twitter, informing them that the decentralized wallet service has temporarily suspended deposit and withdrawal services. They...

Arbitrum Transfers $59 Million Worth of Unclaimed Tokens to Treasury


The Arbitrum Foundation has announced a transfer of 69 million unclaimed ARB tokens to the treasury six months after its airdrop in March. The tokens worth $59 million make up 0.69% of Arbitrum’s 10 billion total supply and according to reports, 7% of total airdrops remained unclaimed.  In March...

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