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Rewarding Hackers With Bug Bounties ‘Inherently Creates a Moral Hazard’ Says Expert
7.12.2023
Rewarding hackers who agree to return a portion of the stolen funds not only “creates a moral hazard” but potentially “leads to more security breaches,” a Web3 expert has argued. The recent attacks on Kronos and Kyberswap, as well as the subsequent attempts to engage...
Bitcoin Price Prediction as BTC Breaches $40,000 Level For the First Time in 18 Months
4.12.2023
Bitcoin, the trailblazer of the cryptocurrency world, has soared beyond expectations, breaking through the $41,000 threshold, a feat not seen in the last 18 months. This bullish trend is driven largely by market optimism surrounding the U.S. Federal Reserve‘s anticipated interest rate cuts...
Ethereum Price Prediction as ETH Breaches $2,000 Resistance – Time to Buy?
20.11.2023
Ether (ETH) Chart / Source: TradingView Ether (ETH), the cryptocurrency that powers the smart-contract-enabled Ethereum blockchain, has pushed back to the north of the $2,000 per token mark on Monday, extending its gains since last week’s near-$1,900 lows to above 6%. The rally comes as the broader...
$720 Million Lost via 117 Hacking Incidents in Q3 of 2023 — Study
28.10.2023
During Q3 of 2023, there were a total of 117 hacks in which $720 million was stolen via access control breaches and rug pulls among other security incidents, a new study has found. While the losses ($49.80 million) from rug-pull incidents are significantly lower than the $449 million lost...
Today in Crypto: DCG Paid Off $575 Million in Debt Since End of 2022, $720 Million Stolen across 117 Breaches in Q3
25.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Investment news Digital Currency Group (DCG), the crypto company founded by finance veteran Barry Silbert, has paid...
International Police Take Down Capcom Hackers
24.10.2023
A hacker gang that breached various high-profile companies like computer component manufacturer ADATA and video game publisher Capcom within the last several years has been arrested by an international police force, according to law enforcement agency Europol.Read more
‘All Of Sony Systems’ Allegedly Hacked By New Ransomware Group
25.9.2023
There’s a new gang on the dark web that claims it’s breached all of Sony’s systems in a ransomware attack.Read more
Bitcoin Cash Price Prediction as BCH Breaches $200 Resistance – Time to Buy?
13.9.2023
Bitcoin Cash (BCH), the cryptocurrency that powers the Bitcoin Cash layer-1 blockchain that was created back in August 2017 after a hard fork from the original Bitcoin blockchain amid concerns about Bitcoin’s scalability and transaction speed, is trying to get back above the $200 mark....
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FBI Warns of North Korean Hackers’ Intent to ‘Cash Out’ $40M in Bitcoin
23.8.2023
On August 22, 2023, the FBI issued an alert, cautioning about North Korean hackers possibly trying to cash out bitcoin valued at over $40 million. U.S. Intelligence Flags Potential $40M Bitcoin Liquidation by North Korean Hackers The FBI is urging both public and private sectors to be vigilant...
Ethereum Price Prediction as ETH Breaches $1,800 Level – Time to Buy?
9.8.2023
The price of Ethereum (ETH) has risen by 1.5% in the past 24 hours, surpassing $1,800 as increasingly positive expectations surrounding a Bitcoin ETF helped the cryptocurrency market as a whole to rise yesterday.
ETH is now in the green – although only just – over the past week, fortnight...
Navigating the Storm: Defi’s Precarious Position Amid a String of Exploits and Market Declines
4.8.2023
In the wake of July’s unprecedented wave of decentralized finance (defi) breaches, including Curve Finance’s staggering $62 million exploit, the defi economy has plummeted into a gloomy state. Hovering perilously close to dipping beneath the $40 billion threshold, the total value...
Report: Malware Brings Original Modern Warfare 2 On Steam Offline
28.7.2023
After a recent spike in interest as old servers were brought back online on Xbox, Call of Duty: Modern Warfare II was taken offline earlier this week on PC over reports of malicious hacks. According to Techcrunch, players were getting attacked in the 2009 game via “hacked lobbies.”Read more
U.S.-Listed Crypto Firms Will Need to Report Cybersecurity Breaches
28.7.2023
The Fall of Multichain: A Tale of Unexpected Turbulence and Security Breaches
14.7.2023
In an unforeseen chain of events that unfolded between May and July 2023, the CEO of Multichain, Zhaojun, was apprehended by Chinese authorities, destabilizing the blockchain project. The situation escalated when user assets began to be transferred to unknown addresses. From Seizure to Shutdown:...
SEC: Coinbase Knew About Potential Securities Law Breaches
8.7.2023
The US Securities and Exchange Commission has claimed that Coinbase was aware of a potential securities breach when it listed some cryptocurrencies.
In a recent filing, lawyers for the SEC slammed Coinbase's argument that it was not aware of violating securities laws, noting that the largest...
Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes
29.6.2023
The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the suspension of its services due to complications involving the Nevada-based custodian, Prime Trust. Following accusations of insolvency and breaches of fiduciary responsibilities, Nevada’s financial regulators...
Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011
21.3.2023
Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011....
5 sneaky tricks crypto phishing scammers used last year: SlowMist
10.1.2023
SlowMist found that across 303 recorded blockchain security incidents in 2022, nearly a third were made up of phishing attacks, rug pulls and scams
Report: Crypto Exchange Gemini Suffers From Data Breach, 5.7 Million Emails Allegedly Leaked
15.12.2022
According to a recent report, the cryptocurrency exchange Gemini suffered from a breach of data and reportedly 5.7 million emails were leaked. While Gemini has stated “some Gemini customers have recently been the target of phishing campaigns,” the exchange insisted that “no Gemini account...
Shiba Inu (SHIB) looks in trouble with multiple support breaches!
20.10.2022
Shiba Inu investors’ highest speculation is their interest in watching SHIB take the mantle of $1. In the last few weeks, Shiba Inu buyers have been booking profits at a phenomenal rate, especially since large volumes of buyers and sellers are getting more active. Shibarium is the most talked...