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CATEGORY: cyber security


Sep 27, 2024 02:30

Telegram Bot Breach Costs Users $3M, Banana Gun to Refund Victims

Banana Gun, a popular Telegram trading bot, has recently released information on a cyberattack that has caused a loss of $3 million and affected eleven individuals. However, the company assured the users that those involved in the devastation would be compensated with their own money. It is expected that no other tokens will be sold […]

Sep 17, 2024 02:30

Crypto Chaos: DeFi Protocol BaseBros Fi Pulls Rug, Drains Funds

BaseBros Fi, the yield optimization decentralized finance (DeFi) protocol that runs on the Base blockchain, has suddenly disappeared from the crypto world due to allegedly stealing users’ investments to a large extent. On September 13, the platform disabled its official website and wiped its presence from various social media platforms such as X and Telegram. […]

Sep 14, 2024 02:30

WazirX Hacker Moves Another $11.7M Amidst Restructuring Plans

WazirX attacker has reportedly transferred an additional 5,000 ETH worth approximately $11.7 million to Tornado Cash in July. This latest transaction hints at efforts to launder the stolen funds. Earlier blockchain security firm PeckShield identified an address linked to the hackers. It sent 2600.1 ETH [worth roughly $6.5 million] to the privacy protocol Tornado Cash. […]

Aug 20, 2024 02:30

WazirX Cleared: Mandiant Investigation Debunks Laptop Compromise Claims

Recently, WazirX, one of the major crypto exchanges, hit the news with a cyber attack report. Over $230 million was compromised from one of the Multisig wallets on its platform. Following up on this critical breach, WazirX approached the highly professional services of Mandiant, a well-known cyber security firm and a subsidiary of Google, for […]

Aug 01, 2024 02:30

Terra Chain Halted For Suspected Exploit

User activity on the Terra blockchain came to an abrupt pause following reports of a suspected exploit. The team swiftly executed an emergency halt at block height 11,430,400 to address the illegal breach. During this period, all transactions were suspended, leaving users anxiously awaiting updates. Taking immediate action, the Terra team worked together with validators […]

Jul 28, 2024 02:30

WazirXs $230M Cyberattack Response: New 55/45 Recovery Plan

WazirX, an Indian cryptocurrency e­xchange, has introduced a socialized loss manageme­nt plan after a significant cyber breach that led to the­ siphoning off approximately $230 million, impacting 45% of users’ funds. This nove­l strategy aims to fairly address the afte­rmath, restore stability, and minimize disruptions for its use­rs. In an official announceme­nt, WazirX expressed its […]

Singapore Businessman Loses Over $2 Million in Crypto Bank Scam

Author: Vaigha Varghese
Estonia
Jul 15, 2024 02:30

Singapore Businessman Loses Over $2 Million in Crypto Bank Scam

In a cautionary tale reported by The Straits Times, a Singaporean businessman lost over $2 million after hastily investing in a fraudulent ‘crypto bank.’ The businessman believed he was entering a lucrative deal with the “Royal Eastern Bank,” allegedly valued at over $20 million. However, this valuation was fabricated, with no genuine financial assessment to […]

Jun 27, 2024 02:30

Cardano Fights Off DDoS Attack: Network Holds Steady

The Cardano blockchain successfully thwarted a DDoS attack without significantly impacting the network. According to reports, the attackers intended to hinder user access by overwhelming the network with spam transactions. Although the attack on the Cardano network did not compromise any staked ADA or blockchain funds, it did expose how fundamental checks were sacrificed, allowing […]

Jun 26, 2024 02:30

Ethereum Foundations Mailing List Compromised in Phishing Attack

Ethereum Foundation recently suffered a security breach after its mailing list was compromised. Disclosing the incident, Tim Beiko, the lead developer said that the leak occurred due to a vulnerability in SendPulse, an email automation service used by the foundation. According to Beiko’s post, deceptive mail was sent from the address updates@ethereum.org. PSA: it seems […]

May 04, 2025 02:30

TRON DAO X Account Hacked via Sophisticated Social Engineering Attack

On May 2, the official X account of TRON DAO was hacked in a highly coordinated online breach. This was not the result of a technical vulnerability but was instead a highly coordinated social engineering exploit. One of the TRON DAO members was the target of the manipulation, allowing the attacker direct access to the […]

Blockchain can help eliminate cybercrime threats

Author: Cointelegraph by Stephen Katte
United States
May 30, 2024 12:00

Blockchain can help eliminate cybercrime threats

Cybercrime is a growing scourge that shows no signs of slowing down anytime soon without a serious game changer to stem the tide.

May 20, 2025 04:10

Crypto Executives Spend Millions on Security

As cryptocurrency continues to penetrate mainstream finance, its prominent figures are facing new and more dangerous risks like kidnapping, extortion, and targeted physical threats. In response, major crypto firms like Coinbase, Circle, and Robinhood have begun investing heavily in personal security, especially for their top executives. In 2024, Coinbase allocated

May 16, 2025 02:30

Coinbase Launches $20M Bounty Countering Previous Ransom Threat

Coinbase has taken their bold stand against cyber extortion by refusing to pay a $20 million ransom to unknown blackmailers. Recently, Coinbase faced a platform breach, and some attackers sent a message claiming that they had confidential information about the platform.  The attack started on the 15th of May, when the CEO of Coinbase, Brian […]

Telegram Silently Dismantles $27B Darknet Giant Haowang Guarantee

Author: Mutuma Maxwell
Estonia
May 16, 2025 02:30

Telegram Silently Dismantles $27B Darknet Giant Haowang Guarantee

Telegram has closed down the huge darknet marketplace Haowang Guarantee after prohibiting thousands of connected accounts and channels. This May 13 clampdown took down all infrastructure associated with it, rendering its crypto-powered criminal activities dysfunc­tional. Telegrams enforcement action forced the platform, which used to be called Huione Guarantee, to close down officially. For a long […]

Israeli fintech Kima, Mastercard lab look to develop DeFi credit card

Author: Cointelegraph by Derek Andersen
United States
May 15, 2024 12:00

Israeli fintech Kima, Mastercard lab look to develop DeFi credit card

Kima is seeking to bridge traditional and Web3 finance and make the user experience more manageable.

Apr 24, 2025 02:30

XRPL Hack Scare: What Developers Need to Know

The XRP Ledger Foundation has recently discovered a security vulnerability in the JavaScript library (v4.2.14.2.4 and v2.14.2) used to interact with the ledger that could steal crypto private keys. The Foundation has upgraded the code, released the patched version, v4.2.5, and removed the previously compromised version. While the issue affects only versions published on NPM, […]

Apr 02, 2025 02:30

Beyond Lazarus North KoreasDark Army Stealing BILLIONS in Crypto

The bybit hack by North Korea’s Lazarus, deemed as “the biggest hack in the history of crypto,” sparked a huge outcry as no one expected such level of technical prowess from the state-funded actors. Samczsun, a pseudonymous “crypto white hat hacker,” believes it is crucial to understand how the DPRK hackers operate, and know their […]

Mar 22, 2025 02:30

Tornado Cash Cleared from OFAC Sanctions List, But Legal Challenges Continue

U.S. Treasury removes Tornado Cash addresses from OFAC sanctions list after court ruling, while maintaining pressure on North Korean cybercrime activities.

Mar 14, 2025 02:30

Lazarus Group Transfers 400 ETH and Launches New Cyber Attacks

Lazarus Group, linked to North Korea, continues to launder crypto by moving different tokens and using fresh malware to attack developers and steal digital assets. On March 13, a  blockchain security company, CertiK shared a post on their  X account stating that they detected a  deposit of 400 ETH, which is valued at about $750,000, […]

Jul 28, 2023 10:55

Crypto Cyber Threat: U.S. & South Korea Alliance Fights North Korea’s Illicit Activities

In a bid to counter North Korea’s illicit activities involving cryptocurrencies and other cyber threats, the United States and South Korea recently convened the fourth working group meeting.  The meeting, which was held in South Korea and led by U.S. Deputy Special Representative for North Korea Jung Pak and her South Korean counterpart, Lee Jun-il, aimed to […]

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