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Study: Crypto Assets Worth $572.7 Million Lost to Hacks and Fraud in Q2 2024
29.6.2024
Digital assets worth over $572.7 million were lost to hacks and fraud in the second quarter of 2024. This latest figure brings the value of digital assets lost to hacks, fraud, and scams in 2024 to $920.9 million. Decentralized finance (defi) platforms lost approximately $172.1 million across...
AI ‘Skeleton Key’ attack found by Microsoft could expose personal, financial data
28.6.2024
Aside from being wary about which AI services you use, there are other steps organizations can take to protect against having data exposed
Ripple’s Big Court Win Nonetheless Muddied Waters on Whether XRP Is a Security Deserving Tougher Regulation
28.6.2024
In a near-vacuum of legal and regulatory clarity for crypto, district judges’ opinions on whether a given token is a security or not – which determines the level of regulation – can vary from court to court
Investor shares story of falling victim to $100K crypto hack
28.6.2024
“I thought that my heart would stop,” said Matthias Mende as he told Cointelegraph how he felt when he realized he lost $100,000 in crypto assets to a hacker
2024 Crypto Losses Attributable to Deepfakes Projected to Exceed $25 Billion
28.6.2024
Losses attributed to crypto crimes involving the use of deepfakes are projected to surpass $25 billion in 2024. According to the latest Bitget research study, these losses are expected to continue rising if no regulatory intervention is introduced to curb this type of fraud. Educating users...
BlockDAG hit a $54.1M presale as it gained investors’ trust with its blockchain security; can Solana and PEPE compete?
27.6.2024
Experts are lately finding Solana’s price predictions uncertain as random ups and downs are going around it. Meanwhile, the PEPE coin, which used to be one of the top meme coins, has seen a price drop, leading to a decline in investors’ confidence. In this situation, BlockDAG stands out as the most...
Nintendo Doubling-Down On Security Following Latest Video Game Leaker Drama
27.6.2024
Nintendo is working to beef up its security and IT training following recent reports of how major announcements were scrapped from YouTube’s backend ahead of major Directs. The acknowledgement of efforts to curb internal information from being exposed by outside actors comes as the video game...
Crypto losses from hacks and scams soared by 113% in Q2 2024 to reach $572M
27.6.2024
Losses from scams and exploits increased in the second quarter as centralized exchanges lost millions, reversing a previous downtrend
Dfinity announces new ICP-powered platform to tackle cybersecurity
27.6.2024
The Dfinity Foundation’s new platform, Utopia, promises enhanced security and sovereignty for government and enterprise cloud infrastructures
Binance enforces stricter measures against account misuse
27.6.2024
The platform encourages users to report any suspected incidents of misuse and offers a reward for verified cases
CoinStats hack caused by ‘socially engineered’ employee, CEO suspects
27.6.2024
CoinStats reveals employee-targeted social engineering attack behind the hack affecting 1.3% of wallets
Cardano node upgrade underway following mainnet DDoS attack
26.6.2024
A failed DDoS attack on the Cardano blockchain led developers to initiate a node upgrade to enhance security
North Korea’s Lazarus Group Exploited Defi Protocol Alex Lab for $4.3 Million, Probe Reveals
26.6.2024
Bitcoin layer-two developer Alex Lab revealed that an investigation linked the North Korea-linked Lazarus Group to the $4.3 million exploit that occurred on May 16. Alex Lab has facilitated communication between the Singapore Police Force and relevant cryptocurrency exchanges as part of the ongoing...
MakerDAO and Sherlock team up for historic $1.35M security audit contest
25.6.2024
MakerDAO partners with Sherlock for a record-breaking $1.35 million audit contest, launching on July 8 and ending on Aug. 5, to ensure top-tier security for its Endgame phase
Transak and Privado ID Announce Partnership to Enhance Decentralized KYC Procedures
24.6.2024
Crypto payments gateway solution Transak has teamed up with Privado ID to launch a new “Reusable KYC” service aimed at improving the decentralized identity verification process. This collaboration introduces a novel method that promises to maintain user privacy without compromising...
Coinbase is the most impersonated crypto brand by scammers: Report
24.6.2024
Although Coinbase continues to be the most impersonated brand in the crypto industry, Meta was targeted by over 25 times as many scammers as the exchange
TON ecosystem flooded with phishing attacks, SlowMist warns
24.6.2024
The founder of SlowMist has warned that the Telegram messenger ecosystem is “too free” for exploiters of the TON ecosystem
Crypto Portfolio Tracker Coinstats Confirms Security Breach; Temporarily Shuts Down App
23.6.2024
According to the crypto portfolio tracking app, Coinstats, suspected North Korea-linked hackers are believed to be behind the security breach on June 22, which impacted 1,590 user wallets, The Coinstats team has advised users with affected wallet addresses to immediately transfer their funds using...
MakerDAO delegate’s $11M in tokens stolen in phishing scam
23.6.2024
The user fell victim to the phishing scam after signing multiple phishing signatures, which led to losing their digital assets
EigenLayer enhances EigenDA security to combat sybil attacks
23.6.2024
With the incorporation of this security measure, EigenLayer seeks to protect the service it offers while guaranteeing its availability to all clients