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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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Cybercrime is a growing scourge that shows no signs of slowing down anytime soon without a serious game changer to stem the tide.
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
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 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 […]
Kima is seeking to bridge traditional and Web3 finance and make the user experience more manageable.
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, […]
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 […]
U.S. Treasury removes Tornado Cash addresses from OFAC sanctions list after court ruling, while maintaining pressure on North Korean cybercrime activities.
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, […]
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 […]
The chief inspector of the CSTCB warned that the metaverse is no safer than the traditional internet, saying that "all crimes in the cyberspace could also happen in the metaverse."
Solana Foundation and Polygon Labs have teamed up to launch the Rekt test, a baseline of the security performance of web3 projects. The Rekt Test is a short questionnaire that can be used by anyone, especially investors and end-users, who are interested in assessing projects for themselves, per the blog. Designed by a bunch of […]
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