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Crypto Users Lost $2B to Hacks, Scams and Exploits in 2023, De.Fi Says
27.12.2023
The figure is roughly half the estimated $4.2 billion of 2022, a year that also included $40 billion lost through the collapse of Terra, Celsius and FTX
DeFi Has a Risk Problem and It’s Time to Solve It
20.12.2023
Inside Job: Security Engineer Behind Multi-Million Dollar Crypto Exploits
15.12.2023
Source: Adobe / Rawpixel.com Shakeeb Ahmed, a senior security engineer associated with an international technology company, pleaded guilty on December 14 to computer fraud in connection with his hacking of two decentralized crypto exchanges. The announcement of the guilty plea was made by Damian...
Thirdweb Begins Mitigation of Vulnerability Affecting Thousands of Smart Contracts
8.12.2023
Thirdweb, a Web3 development framework provider, has announced that it has started mitigating a vulnerability that could potentially affect thousands of smart contracts across several networks. The vulnerability, uncovered in November, impacts various pre-built smart contracts that the framework...
Code Is Not (Always) Law
7.12.2023
Sometimes, the law is the law, industry experts say
Bitcoin Developer Luke Dashjr States Inscriptions Are Exploits, Hints at Future Fix
7.12.2023
Luke Dashjr, bitcoin developer and Mummolin’s CTO, has reiterated his negative opinion about Ordinal inscriptions, stating these leverage and exploit a vulnerability in the Bitcoin Core full node software implementation. Dashjr also hinted at correcting this “exploit” in...
Security audits ‘not enough’ as losses reach $1.5B in 2023, security professional says
29.11.2023
CertiK co-founder Ronghui Gu told Cointelegraph that it’s “inexcusable” the industry faces continued SIM-swap and multisig failures, as previous incidents already highlighted the issues
What are sniper bots, and how to stop token sniping exploits?
28.11.2023
Sniper bots are automated tools executing precise actions at specific moments in cryptocurrency and online activities, aiming for strategic advantage
KPMG Canada Teams Up With Chainalysis to Fight Crypto Frauds and Exploits
22.11.2023
The duo will help companies adhere to crypto regulations and advance anti-money laundering compliance programs
46% of crypto lost from exploits is due to traditional Web2 flaws - Immunefi
15.11.2023
The security platform released a report categorizing Web3 exploits in 2022, concluding that nearly half came from “infrastructure” or centralized elements
What Are the Tax Implications of the Alleged Binance Wallet Hack (or Any Crypto Exploit)?
13.11.2023
Poloniex Hot Wallets Hacked With $114M Seemingly Stolen: On-Chain Data
10.11.2023
Cryptocurrency exchange Poloniex has had its hot wallets drained by hackers with an estimated loss of around $60 million
SafeMoon addresses recent exploits amid SEC charges
3.11.2023
SafeMoon says it is closely examining the recent developments and will work to resolve the situation promptly
Trader exploits Multichain opening to turn $280k to $1.9M; community suspects insider job
2.11.2023
The momentary opening of the frozen bridge raised suspicion of it being an insider job as the trader in question was the only beneficiary
Attacker Exploits Rounding Issue to Steal $2.1 Million From Onyx Protocol
1.11.2023
DeFi project Onyx Protocol has fallen victim to a security breach, losing more than $2 million worth of crypto assets. According to a recent post by blockchain security firm Polyzoa, the attacker exploited a rounding issue within the Onyx Protocol to steal $2.1 million worth of funds from...
Rug Pulls Account For Majority of Scams as Q3 2023 Exploits Wipe Out $720 Million
25.10.2023
The impact of digital asset scams has been a major talking point around policies, regulations, and developer’s direction this year with millions lost across chains to bad actors. A new report by blockchain security firm Hacken shows a quarter-to-quarter increase in hacks and money drained...
Web3 Security Firm Blockaid Raises $27M to Help Tackle Industry's 'Never-Ending' Challenges
23.10.2023
The New York and Tel Aviv-based company said it would use the funding to scale its product, customer base and team to address the industry’s security challenges
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 suffered 153% YoY increase in hacks and scams in Q3: Immunefi
3.10.2023
The number of attack incidents increased to 76 in Q3 2023, compared to just 30 in the same quarter last year
September 2023 Marks Record-High Crypto Exploits with $329 Million Stolen: Report
2.10.2023
On September 30, CertiK confirmed that a total of approximately $332 million had been lost to various exploits, hacks, and scams throughout September....
Read More: September 2023 Marks Record-High Crypto Exploits with $329 Million Stolen: Report