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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...
Protocol Village: Crypto Losses From Hacks, Rug Pulls Doubled to $572M in Q2: Immunefi Report
27.6.2024
The latest in blockchain tech upgrades, funding announcements and deals. For the period of June 27-July 3
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
Crypto losses to deep fakes could reach $25B in 2024 — Bitget
27.6.2024
Criminals are using deep fakes more than ever, causing $79.1 billion in losses since 2022
Study: Crypto Losses 28% Lower in May; Attackers Primarily Targeting Defi Platforms
2.6.2024
In May, cybercriminals were less successful in their attacks on decentralized platforms, resulting in losses attributed to hacks and fraud incidents amounting to approximately $52.4 million. During the same period last year, digital assets worth $59.3 million were lost to similar attacks. Gala...
Iggy Azalea’s anti-scam plan and crypto losses from hacks decline by 12%: Finance Redefined
31.5.2024
In a bold move to combat crypto scams, Iggy Azalea pledges to burn her own coins
Crypto losses: $200 million in 2024 due to hacks, rug pulls
31.5.2024
Recently, in the year 2024, the cryptocurrency industry has experienced a rapid increase in financial damages due to the frequent occurrence of cyberattacks such as hacks and rug pulls. Immunefi, a blockchain security firm, disclosed that 32 confirmed attacks resulted in losses exceeding $200...
Crypto losses from fraud and hacks declined 12% in May — Immunefi
30.5.2024
The decline in crypto scams and frauds continued, with only $52 million lost in May compared to $59 million the previous year
Defi Platforms Lose More Than $336 Million in Digital Funds in Q1 of 2024, Study Finds
1.4.2024
In the first quarter of 2024, more than $336 million in digital assets were stolen from decentralized finance platforms across 61 incidents of hacking and fraud. During this period, criminals made off with digital assets valued at $144.48 million in two major hacking incidents. In contrast...
Peckshield Report Reveals Decline in Crypto Losses Despite Persistent Threats in 2023
31.1.2024
Peckshield’s latest report reveals a mix of challenges and advancements in the crypto world. Despite a notable decrease in overall losses to hacks and scams, decentralized finance protocols remain heavily targeted, accounting for a significant portion of the cyber thefts. Peckshield Report...
Digital Assets Worth $343M Stolen From Crypto Exchange Platforms in November — Study
4.12.2023
Digital assets worth just over $343 million were stolen from digital asset platforms in November alone. Centralized exchanges accounted for 53.8% of the total losses, with decentralized exchange platforms accounting for the remainder. The 34 attacks on BNB Chain and Ethereum represented 83% of...
Immunefi’s November Crypto Losses Show $343M Lost to Frauds and Hacks, CeFi Platforms Account for 53% Losses
30.11.2023
Source: AdobeStock In November, the cryptocurrency industry experienced significant losses, with bug bounty platform Immunefi reporting that over $343 million was lost to platform hacks and fraudulent activities. This marks the highest monthly loss recorded in the emerging industry for 2023....
How to manage crypto losses on tax returns in the US, UK and Canada
8.11.2023
Unlock the complexities of cryptocurrency taxation and learn how crypto losses impact your tax liability in the United States, United Kingdom and Canada
Today in Crypto: Hackers Stole $1.41 Billion YTD and $22.2 Million in October, Google Cloud Launches Solana Network Dataset on BigQuery
1.11.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Security news Bug bounty and security services platform Immunefi published its ‘Crypto Losses in October 2023...
Crypto Tycoon SBF in the Dock: Jury Selection Extended; Hearing Reveals Financial Carnage
4.10.2023
Sam Bankman-Fried (SBF), the disgraced co-founder of the now insolvent cryptocurrency exchange FTX, concluded his first day of trial involving jury selection and voir dire questioning. The process extended into Wednesday as U.S. District Judge Lewis Kaplan eliminated several potential jurors...
Crypto Losses Up 59% in Q3 From Cyberattacks
2.10.2023
The cryptocurrency sector has increasingly become a prime target for hackers in recent years.
According to a report submitted by bug bounty and security services platform Immunefi, the Web3 space suffered a total loss worth over $685 million in Q3, 2023.
This significant loss increase...
Tax law researchers propose IRS framework for deducting crypto losses
28.4.2023
A recently published study appears to advocate for the isolation of crypto assets from other tax deductions where losses are concerned
Rogue Validator Exploits MEV Bots on Ethereum, Resulting in $25.3M in Crypto Losses
4.4.2023
On April 3, 2023, at Ethereum block height 16,964,664, a group of MEV (Maximal Extractable Value) bots were exploited for $25.3 million. An analysis of the exploit revealed that a renegade validator switched the MEV bots’ transactions and seized various crypto tokens, such as 7,460 wrapped...
First Mover Americas: It’s Time to Come Clean About Those Crypto Losses
9.12.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 9, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Use Your Crypto Losses to Turn the Tables Against the IRS
16.11.2022