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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...
PeckShield: Crypto Scams Plummeted 27.78% in 2023
29.1.2024
Blockchain security firm PeckShield has released an overview of the state of cryptocurrency hacks in the last twelve months with over 600 reported cases resulting in losses of $2.61 billion. Impressively, crypto scams saw a drop of 27.78% in 2023. The company disclosed its latest findings in a...
BNB Smart Chain Sees 85% Decline in Losses to Security Incidents in 2023: Report
22.1.2024
A security report published today revealed losses incurred on BNB Smart Chain in 2023 reached over $161 million, compared to $1.1 billion in the previous year. The security report was published by AvengerDAO in collaboration with Hashdit, Certik, Ancilia, and Salus Security. Despite the decrease...
North Korea Was Responsible for Over $600M in Crypto Thefts Last Year: TRM Labs
5.1.2024
North Korea-affiliated actors were behind a third of all crypto hacks in 2023, making off with some $600 million in funds, a new TRM Labs study said
$1.8 Billion Cryptos Lost Across 751 Security Breaches in 2023: CertiK report
4.1.2024
Source: Pixabay/Werner Moser 2023 saw a 51% decline in the digital assets lost to hacks, scams and exploits than that of 2022. However, a staggering $1.84 billion in cryptocurrencies were lost across 751 security breaches in 2023, blockchain security firm CertiK reveals. The 2023 “Hack3d” report...
Orbit Chain Loses $81M in Cross-Chain Bridge Exploit
2.1.2024
Orbit Chain, a platform that interacts and transacts with various blockchains, has lost $81 million after hackers exploited the platform's cross-chain bridge
December Ranks Fifth Highest Month in Crypto Scams With Over $100 Million Drained
2.1.2024
Source: Pixabay / Pete Linforth Blockchain security firm CertiK says that over $116 million was lost in December to cryptocurrency scams with exploits, exits scams and flash loan attacks recording highest figures. The firm posted the industry hack data for the previous on X (formerly Twitter)...
Reports State at Least $1.7B Was Lost in Hacks and Exploits During 2023
29.12.2023
Several reports that have recently surfaced have revealed the extent of losses that crypto platforms and users faced during 2023 as a product of exploits and hacks. TRM Labs’ latest report states that the number ascended to $1.7 billion, while De.fi, another Web3 security firm, states that...
Crypto Exchange Catalyx Suspends Trading, Withdrawals Following 'Security Breach'
28.12.2023
The Canadian exchange suffered a security break earlier this month, resulting in the loss of an unknown amount of customer funds
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
Mt. Gox Appears to Have Started PayPal Repayments Tied to 2014 Bitcoin Hack
26.12.2023
Payments through bank accounts are still awaited
18-Year Old GTA 6 Hacker Sentenced To Life In Hospital Prison
21.12.2023
The 18-year old hacker responsible for stealing and releasing dozens of clips of Grand Theft Auto 6 last year has been sentenced to life in hospital prison. He can only be released in the future if doctors decide he’s no longer a danger to others, the BBC reports. Read more
DeFi Has a Risk Problem and It’s Time to Solve It
20.12.2023
Code Is Not (Always) Law
7.12.2023
Sometimes, the law is the law, industry experts say
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...
Over $356M Lost to Hacks, Phishing Scams and Rug Pulls in Crypto in November: Beosin
1.12.2023
Source: Pixabay Beosin EagleEye’s latest report exposes a massive surge in blockchain security incidents during November 2023, leading to a staggering total loss of over $356 million. This marked an alarming 6.9-fold increase compared to the losses reported in October. Hacker Attacks Resulted...
Poloniex prepares to resume withdrawals after $100M hack
29.11.2023
Poloniex says it will start resuming deposits on Nov. 30 with Tron (TRX), the cryptocurrency of Justin Sun-founded Tron blockchain
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
Aerodrome and Velodrome DeFi platforms experience front-end hacks
29.11.2023
The DeFi platforms Velodrome and Aerodrome took to social media to warn users that the front-ends for both platforms were under attack from malicious actors
Indexed Finance thwarts hijackers, set to compensate 2021 hack victims
26.11.2023
In an X thread, Laurence Day, a former core contributor, detailed the efforts of the Indexed community in overcoming two hijacking attempts on the remaining treasury of the Indexed DAO