Crypto execs on DeFi domain hacks: Dont interact with crypto for now

CoinGecko founder Bobby Ong explained that after Google sold its domain business to Squarespace, two-factor authentication was removed due to the forced migration of domains.

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Study: Criminals Target Defi Platforms, Steal More Than $67 Million in February Alone

In February alone, criminals stole digital funds worth over $67 million from decentralized finance (defi) platforms. The latest Immunefi data shows that hacking attacks accounted for more than $65 million, or 97% of the month’s losses. The Ethereum blockchain suffered the most individual attacks, with 12 incidents representing 85.71% of the total losses across targeted [...]

The post Study: Criminals Target Defi Platforms, Steal More Than $67 Million in February Alone appeared first on Crypto Breaking News.

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Biggest Crypto Hacks by North Koreas Lazarus Group

Learn how North Koreas Lazarus Group stole billions using phishing, malware, and social engineering.

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Crypto Halloween: Top 6 Scariest Incidents of the Last Bull Cycle

The last cycle saw it all – millions drained from DeFi, celebrities pumping and dumping tokens, ecosystems rising and falling.

Continue reading Crypto Halloween: Top 6 Scariest Incidents of the Last Bull Cycle at DailyCoin.com.

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Barely halfway and October’s the ‘biggest month’ in crypto hacks: Chainalysis

While 2021 was the biggest year on record for crypto hacks, 2022 could “likely” beat the record “at this rate” according to Chainalysis.

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North Korean Hackers Aim Their Crypto Attacks At DeFi

According to Chainalysis, these hacks have cost the industry an estimated $1.9 billion.

Continue reading North Korean Hackers Aim Their Crypto Attacks At DeFi at DailyCoin.com.

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Crypto hacks are declining in numbers but increasing in damage

Cryptocurrency hacks have been significantly decreasing in numbers since the beginning of the year.

The post Crypto hacks are declining in numbers but increasing in damage appeared first on CryptoSlate.

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Axie-Infinity Parent Company To Refund Users Who Lost Money During Ronin Hack, Ronin To Restart In 4 Days

  Axie-Infinity to resume the network as Sky Mavis moves to pay affected users.   Axie Infitnity has been one of the world’s most interesting blockchain-based video game systems. It’s basically a play-to-earn setup where users can spend their free time having fun while earning by playing interesting video games. However, this dream was cut […]

The post Axie-Infinity Parent Company To Refund Users Who Lost Money During Ronin Hack, Ronin To Restart In 4 Days appeared first on The Crypto Basic.

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Illicit crypto usage as a percent of total usage has fallen: Report

A rapidly growing crypto market means that hacks and scams are accounting for less overall activity, and their percentage of total usage continues to decline.

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Record amounts of crypto were stolen in DeFi hacks last quarter

After the record-breaking DeFi summer of 2020, the crypto industry has gone parabolic when adopting decentralized technologies.

The post Record amounts of crypto were stolen in DeFi hacks last quarter appeared first on CryptoSlate.

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Crypto Flipsider News – Solana Suffers Another Outage, Yuga Labs Raises $320 Million, ETH Gas Fees Skyrocket, ApeCoin Drops 40% in 3 Days, Rari, Fei, and Saddle Finance Lose $90M in DeFi Hacks, Ripple Labs Unlocks 700M XRP

Click here to read our crypto digest with the newest events surrounding the crypto space.

Continue reading Crypto Flipsider News – Solana Suffers Another Outage, Yuga Labs Raises $320 Million, ETH Gas Fees Skyrocket, ApeCoin Drops 40% in 3 Days, Rari, Fei, and Saddle Finance Lose $90M in DeFi Hacks, Ripple Labs Unlocks 700M XRP at DailyCoin.com.

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Crypto Biggest Hack Of 2022, Hackers Abstract 120K WETH Worth $319M From A Cross-Chain Bridge

On February 3, the Wormhole cross-chain protocol based on Solana was hacked.  A wormhole is a cross-chain messaging protocol that connects high-value blockchain networks. The attackers took advantage of the exploit and withdrew 120,000 WETH from the project pool (over $319 million). The wormhole network was exploited for 120k wETH. ETH will be added over the next […]

The post Crypto Biggest Hack Of 2022, Hackers Abstract 120K WETH Worth $319M From A Cross-Chain Bridge appeared first on The Crypto Basic.

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Qubit Increase Bounty To Hacker From $1 Million to $2 Million

Qubit a DeFi platform is hacked at around 5PM ET on the evening of January 27th and lost $80 Million. Qubit is now offering $2 Million Bounty price and requested hacker to return $80 Million. Qubit is using it’s Twitter to communicate with hacker but so far, no success. Qubit users have lost $80 million […]

The post Qubit Increase Bounty To Hacker From $1 Million to $2 Million appeared first on The Crypto Basic.

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Another DeFi Platform Hacked. Qubit Lost $80 Million To Hackers

Hackers have successfully steal $80 Million from Qubit a DeFi Platform. Hackers have managed to steal 206,809 BNB tokens on X-Bridge, Qubit Finance’s bridge protocol, which allows tokens to be exchanged between the Ethereum (ETH) blockchain and the Binance Smart Chain (BSC). The hackers managed to take advantage of a logic flaw in Qubit Finance’s […]

The post Another DeFi Platform Hacked. Qubit Lost $80 Million To Hackers appeared first on The Crypto Basic.

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Immunefi to bolster DeFi security service with new funds

The platform has paid out more than $7.5 million in bug bounties since inception in December 2020.

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Crypto Money Laundering Plummets By 29% In Latest Chainalysis Findings

According to a recent report published by crypto analytics firm Chainalysis, money laundering involving crypto assets has experienced a notable decline compared to the previous year. However, the report highlights that illicit actors have started adapting their tactics to evade detection and further obscure the movement of illicit funds.  Evolving Tactics In Crypto Money Laundering [...]

The post Crypto Money Laundering Plummets By 29% In Latest Chainalysis Findings appeared first on Crypto Breaking News.

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Beyond Hacks: Understanding and managing economic risks in DeFi

The following is a guest article from Vincent Maliepaard, Marketing Director at IntoTheBlock. Economic risks have led to nearly $60 billion in losses across DeFi protocols. While this number may seem high, it only reflects losses at the protocol level. The actual total is likely much larger when factoring in individual user losses due to […]

The post Beyond Hacks: Understanding and managing economic risks in DeFi appeared first on CryptoSlate.

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September crypto hacks surpass $120M, centralized exchanges hit

Cryptocurrency hacks in September totaled over $120 million, with centralized exchanges BingX and Indodax accounting for more than half.

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