An unknown on-chain entity has incurred a massive loss of wrapped Ethereum (ETH) tokens worth $36 million after mistakenly authorising a malicious transaction. In an X post on Friday, October 11, blockchain analytics platform Lookonchain revealed that an entity,...
The recent criminal charges against Aleksei Andriunin, CEO of market-making firm Gotbit, for allegedly orchestrating a $42 million crypto market manipulation scheme have sent ripples through the industry. However, analysts believe that the eventual fallout could yield positive developments...
Indian crypto exchange WazirX is working closely with government authorities, including the Financial Intelligence Unit (FIU), to address the aftermath of a July hack that led to the theft of $235 million from one of its wallets, according to...
The FBI has issued a warning about a cryptocurrency scam that has allegedly wiped out the life savings of some Americans. According to a report by abc13, the FBI claims that ICHCoin is a sophisticated scam disguised as a...
According to data from Scam Sniffer, crypto funds lost to phishing attacks in September significantly decreased compared to the previous month despite a rise in the number of victims. In a series of X posts published on October 4,...
A recent study by Crypto ISAC indicates that despite the widespread belief that cryptocurrencies are the primary tool for unlawful transactions, cash remains the top choice for criminals involved in illicit finance. Unlike blockchain transactions, which leave an immutable...
Phishing attacks and private key breaches have led to the theft of over $750 million worth of cryptocurrencies during the third quarter of 2024, according to a new report by blockchain analytics firm CertiK. Despite a decrease in the...
In September 2024, cryptocurrency platforms faced significant security breaches, resulting in losses of over $120 million from more than 20 hacks, according to blockchain forensic firm PeckShield. The attacks targeted both centralized and decentralized platforms, with exchanges like BingX,...
Bedrock, a multi-asset liquid staking protocol, has confirmed it was targeted in a security exploit involving uniBTC, resulting in the theft of approximately $2 million. In a September 27 post on X (formerly Twitter), Bedrock acknowledged the security breach...
Banana Gun, a cryptocurrency trading bot on Telegram, has announced that it will refund users the $3 million lost during a recent hack involving 11 attackers. BOT INCIDENT RECAP First of all, we’re humbled by the incredible bot activity...
