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Hacken Links Ripple Chairman Hack to XRP Official Wallet
8.2.2024
Following an investigation into the hack of Ripple co-founder Chris Larsen’s personal wallets, Hacken has discovered links to XRP’s authorized wallets. Hacken Investigation Traces Chris Larsen’s Stolen XRP Back to Official Wallets Blockchain security firm Hacken has disclosed...
User Interface Bug in Friend.tech Caused Traders to Overpay 187 ETH for ‘Keys’
2.2.2024
A bug in the user interface implementation of Friend.tech has led to traders overpaying for ‘keys’ on the platform. In a recent post on X, security researchers Pawel Wylecial and ‘E.Laszlo’ said the bug arises from the user interface caching information before transactions...
Web3 Lost $38.9 Million to Bad Actors in First Month of 2024: Quantstamp
31.1.2024
Bad actors have stolen $38.9 million from various Web3 projects in the first month of 2024. According to a recent report from Quantstamp, a decentralized finance (DeFi) security startup, bad actors used different attack vectors to steal funds, including smart contract hacks, key compromises,...
South Korean Web3 Music Service Somesing Loses $11.58 Million in Token Exploit
29.1.2024
Somesing, a popular blockchain-based social karaoke platform in South Korea, has fallen victim to an exploit resulting in the loss of approximately $11.58 million. In a recent Medium post, the platform revealed that 730 million of its native token SSX had been compromised. The attack targeted...
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...
Kaspersky Labs Uncovers MacOS Malware Targeting Bitcoin and Exodus Wallets
23.1.2024
Cybersecurity firm Kaspersky Labs has uncovered a new strain of malware specifically designed to target macOS users and their Bitcoin and Exodus wallets. The company said in a press release on Monday that the malware is distributed through pirated software and replaces legitimate wallet...
Scammers Use Meme Coin Mania to Defraud 42,000 Victims and Amass $32 Million: Blockfence
22.1.2024
A group of fraudsters has managed to deceive over 42,000 victims, accumulating a staggering $32 million in a series of crypto scams that began in April 2023. What makes this scam unique is the use of a method that even fooled some of the industry’s renowned “rug pull detectors,”...
Attack on Bitfinex Exchange Involving $15 Billion XRP Transaction Failed: Paolo Ardoino
15.1.2024
A transaction involving nearly $15 billion worth of XRP from an unknown wallet to the Bitfinex exchange as part of a “partial payments exploit” has failed. The transaction was first brought to the public’s attention by the blockchain tracking account known as Whale Alert, which...
Cybersecurity Risks in the Cryptocurrency Industry
10.1.2024
Source: iStock / JuSun The US Securities and Exchange Commission (SEC) social media account being compromised is concerning. Impersonations and hacks are nothing new in the cryptocurrency space but could the hack have been avoided? After the post, the SEC started an internal market manipulation...
South Korean Agencies Investigate $82M Orbit Bridge Hack After Reports of Lazarus Group’s Involvement
5.1.2024
Source: DALL·E Orbit Bridge, which serves as the main bridge for the Claytont ecosystem, was exploited for nearly $82 million hours before the new year’s eve. Multiple South Korean agencies are currently investigating the multi million hack. Allegations have emerged identifying North Korea’s...
dYdX Reveals Post-Mortem Findings: Identifies Attacker and Considers Legal Measures
4.1.2024
Image Source: Unsplash Decentralized exchange dYdX has released a post-mortem report detailing the “targeted attack” it experienced on its v3 platform in November. The attack resulted in a $9 million loss from its insurance fund, which represented approximately 40% of its total...
Orbit Chain Hacker Swaps Stolen USDT for ETH, Rakes in $1.45 Million Profits
2.1.2024
Source: Pixabay The attackers behind the recent Orbit Chain exploit successfully converted their ill-gotten gains into Ethereum (ETH), amassing an additional $1.45 million in unrealized profits amidst a 4.7% surge in ETH prices over the past 24 hours. ???? After stealing ~$81.6M in various assets...
Orbit Suspends Cross-Chain Bridge Contract After $82M Exploit: Beosin
1.1.2024
Source: Pixabay Just hours before welcoming the new year, hackers exploited Orbit Bridge, the cross-chain bridging service of Orbit Chain, making off with a staggering $82 million. The project soon suspended the cross-chain bridge contract and initiated on-chain negotiations with the attackers,...
Hacking Incidents Decreased for First Time Since 2021, Still $2 Billion in Crypto Assets Stolen in 2023
27.12.2023
Source: AdobeStock / Sergey Nivens Despite losing around $2 billion to crypto thefts, 2023 saw a slight decline in hacking incidents targeting the cryptocurrency industry. According to a recent report from De.FI, a prominent web3 security firm known for its REKT database, hackers managed to pilfer...
Telcoin Loses $1.3 Million in Security Breach, TEL Price Plummets Over 50%
26.12.2023
Source: Adobe / zedtox The Telcoin app recently faced a series of targeted attacks draining several wallets, causing a sharp 65% decline in the price of Telcoin ($TEL) for a brief period. The exploited vulnerability is estimated to have resulted in a loss of around $1.3 million. The identified...
Ex-Amazon Engineer Guilty of Historic $12.3M Crypto Heist
18.12.2023
Source: AdobeStock / Sergey Nivens A former Amazon engineer has pleaded guilty to hacking two cryptocurrency exchanges, resulting in the first-ever conviction involving the hacking of a smart contract. Shakeeb Ahmed, a former security engineer at Amazon, is now facing the possibility of up to five...
Ethereum Smart Contract Framework Updated to Combat Security Concerns
18.12.2023
Ethereum sees significant exchange outflows as investors potentially eye long-term holds. Image by Dennis, Adobe Stock. Ethereum is one of the most widely used blockchain networks globally. Recent findings from CoinMarketCap show that Ethereum has the highest number of total developers, accounting...
Man Fingered in the July 2022 Hack on 2 Decentralized Exchanges Pleads Guilty to Computer Fraud
18.12.2023
U.S. Attorney for the Southern District of New York announced on Dec. 14 that Shakeeb Ahmed, a man accused of hacking two decentralized crypto exchanges, had pleaded guilty to the charge of computer fraud. Ahmed is said to have attempted to cover his tracks by using overseas crypto exchanges...
National Security Officials Discuss to Combat DPRK’s Crypto Illicit Use in WMD Programs
11.12.2023
Source: Adobe National Security Advisors of the United States, South Korea and Japan convened to discuss a collective response to North Korea’s illicit crypto financing for weapons of mass destruction programs (WMD). The discussions were held during a trilateral meeting at the White House...
French Court Acquits Hackers Accused of Targeting Avalanche Stablecoin Project Platypus
4.12.2023
Image Source: Pixabay A French court has acquitted the individuals accused of orchestrating the $8.5 million hack on Platypus Finance, an automated market maker (AMM) protocol on the Avalanche blockchain. According to a report by Le Monde, the defendants, identified as Mohammed and Benamar M., were...