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Artists Ordered to Pay $9 Million in BAYC Copyright Dispute
6.2.2024
Artists Ryder Ripps and Jeremy Cahen are mandated by a federal court to pay $9 million in damages to Yuga Labs, following a high-profile legal dispute over unauthorized use of the Bored Ape Yacht Club’s copyrighted non-fungible tokens (NFTs). Yuga Labs Wins Big as Artists Ordered to Pay up...
Binance Freezes $4.2 Million in Stolen XRP; Ripple Investigation Aided by XRP Ledger Foundation
3.2.2024
After the unauthorized access of Ripple co-founder Chris Larsen’s personal holdings, Binance CEO Richard Teng revealed that the platform had successfully “managed to freeze $4.2 million” of the compromised assets. Teng elaborated that Binance is committed...
Ripple Co-founder Hacked of Over $112 Million Worth of XRP
31.1.2024
Ripple executive chairman and co-founder Chris Larsen has taken to social media to clarify reports of the payment protocol being hacked on Wednesday. Larsen’s Accounts Hacked “Yesterday, there was unauthorized access to a few of my personal XRP accounts (not @Ripple) – we were quickly able...
Community Notice: Algorand Foundation CEO’s X Account Hacked
26.1.2024
The Algorand Foundation reported that its CEO Staci Warden’s X account was compromised, leading to unauthorized posts on the account. The compromised account posted offensive content, including derogatory language and false statements about the Algorand community. CEO Staci Warden X’s...
Trezor Confirms Unauthorized Use of Email Provider Led to Malicious Emails
25.1.2024
Hardware wallet provider Trezor has confirmed that the unauthorized use of its third-party email provider led to a spate of malicious emails sent to users over the past 12 hours. In a statement released on January 24, Trezor disclosed that it had detected an unauthorized email impersonating...
Cryptojacking Skyrockets: Here’s How It Works
24.1.2024
Cryptojacking has been on the rise with hackers targeting financial firms. It is a type of cyber attack which involves hijacking a computer and using its power to mine cryptocurrencies. It is a malicious activity where unauthorized individuals or software use someone else’s computer or device...
SEC Got SIM Swapped: How Hacker Gained Control of SEC’s X Account
24.1.2024
The U.S. Securities and Exchange Commission (SEC) has admitted that a SIM swap attack compromised its X account, where a fake announcement about the approval of spot bitcoin exchange-traded funds (ETFs) was posted. “The unauthorized party obtained control of the SEC cell phone number...
Animoca-Backed Gaming Blockchain Reveals $15M Token Exploit
23.1.2024
Blockchain gaming project GAMEE fell victim to a token hack on Monday, losing 600m GMEE tokens valued at about $15.3m. The team revealed in an X post on Tuesday that “unauthorized access” to the GMEE token contracts on the Polygon network resulted in the loss of funds. “The exploit...
Trezor Security Breach Exposes 66K Users: Phishing Risks Heightened
21.1.2024
Trezor has reported a security breach that has exposed the contact information of nearly 66,000 of its users. The incident came to light on January 20, when Trezor officially announced that unauthorized access had been identified on a third-party support portal on January 17. According to...
Fake Bitcoin ETF Approval Tweet Gives Sneak Peek, ETH Price May Spike Before Ethereum ETF Approval
10.1.2024
Yesterday’s fake SEC tweet highlighted the potential impact of future Bitcoin ETF approvals on Ethereum’s price trajectory. Image by akif, Adobe Stock. On Tuesday evening, the official X account of the U.S. Securities and Exchange Commission (SEC) was hacked and posted an unauthorized...
SEC Faces Backlash from Crypto Leaders for Erroneous Bitcoin ETF Tweet
10.1.2024
Source: Adobe/Kristina Blokhin The Securities and Exchange Commission (SEC) has found itself in hot water after an unauthorized tweet on its official account suggested that spot Bitcoin exchange-traded funds (ETFs) had been approved. The incident, which caused significant volatility in the crypto...
SEC’s Spot Bitcoin ETF Approval Post Unauthorized — Chair Gary Gensler Says SEC’s X Account Was Compromised
10.1.2024
The U.S. Securities and Exchange Commission (SEC)’s X account announced the approval of spot bitcoin exchange-traded funds (ETFs) on Tuesday. However, minutes later, SEC Chairman Gary Gensler claimed that the agency’s social media account was compromised and the post was unauthorized. Some...
CoinsPaid Faces Second Security Breach in Six Months, Unauthorized Transactions Totaling $7.5 Million Detected
8.1.2024
Source: AdobeStock / Sergey Nivens The Estonian payment processor for digital assets, CoinsPaid, has suffered its second security breach in the last six months, with unauthorized transactions totaling almost $7.5 million, web3 security firm Cyvers reported. Cyvers’ artificial intelligence...
‘OTC King’ Zhao Guilty of Unauthorized Crypto Operations, Says Chinese Legal Authority
28.12.2023
Source: Pexels China’s Supreme Procuratorate has reportedly disclosed the details behind the seven-year prison sentence given to the founder of the over-the-counter (OTC) crypto trading desk RenrenBit, Zhao Dong. In a press release on December 27, the Chinese legal authority revealed that...
Crypto App Shakepay Reveals Data Breach Affecting a ‘Small Number’ of Customers
16.12.2023
In a recent announcement, Shakepay, the Canadian crypto app, disclosed a data breach involving unauthorized access to personal information of a select group of its customers. The breach, detected on Dec. 13, 2023, compromised data but did not affect any bank accounts, crypto wallets, or customer...
RBI adds 19 unauthorized forex trading platforms to alert list
28.11.2023
Last week, the Reserve Bank of India updated the alert list of unauthorized forex trading platforms and added 19 new entities, including BlackBull, Admiral Market, Easy Markets, Enclave FX, Finowiz Fintech, FX SmartBull, Fx Tray Market, Forex4you, Growing Capital Services, HF Markets, HYCM Capital...
OpenAI and Microsoft sued over alleged unauthorized use of authors’ work
22.11.2023
Julian Sancton, an author and Hollywood reporter, accuses Microsoft of being aware of OpenAI’s indiscriminate internet crawling for copyrighted material
Hacker Steals $25 Million from Kronos Research Through Compromised API Keys
20.11.2023
Trading firm Kronos Research fell victim to a hack, resulting in a theft of $25 million by an unauthorized entity that accessed its compromised API keys. On November 19, Kronos Research disclosed via a post on X (formerly Twitter) about a security incident that involved unauthorized access to...
Kronos Research Loses $26 Million in Unauthorized API Access Incident
20.11.2023
According to Kronos Research, the crypto trading firm lost assets worth $26 million on Nov. 18 after an unknown party illegally accessed its application programming interface (API). Kronos Research claimed the losses associated with the unauthorized API access do not constitute “a...
Bitfinex Lands on UK Financial Watchdog’s Warning List for Unauthorized Promotion of Financial Services
31.10.2023
The Financial Conduct Authority (FCA) in the UK has raised concerns about Bitfinex, a cryptocurrency exchange, that it may be promoting financial services or products without the FCA’s permission. On October 27, the FCA in the UK issued a public warning regarding Bitfinex, expressing concerns...