In November, the world of Web3 experienced a significant increase in hacks and exploits, resulting in a staggering $350 million stolen across 28 incidents, as reported by blockchain security firm Peckshield. This surge marked the second-largest month for such occurrences…
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CZ’s Binance Swift Response: Tracking and Freezing Stolen Funds
In a remarkable display of swift action and technological prowess, Binance, under the leadership of CEO Changpeng Zhao (CZ), successfully tracked and froze a significant portion of stolen funds. This incident sheds light on Binance’s commitment to security and its…
The Enigmatic Case of Lost Ethereum Keys and the Quest for a Half-Billion-Dollar Fortune
In a startling revelation, Rain Lõhmus, the esteemed founder of LHV Bank, has confirmed his ownership of an Ethereum address holding a staggering 250,000 ETH, valued at nearly half a billion dollars. However, the twist in this tale is that…
Bitcoin ATMs are seen in Malls And Gas Stations Across The U.S – The Rise of Bitcoin ATMs from CNBC
According to CNBC, Bitcoin ATMs, or BTMs, have experienced a surge in popularity, with approximately 34,000 machines in the US during the crypto craze. However, this growth has also attracted criminals who exploit the speed of transactions for scams and…
A new macOS Malware Threat is Targeting Crypto Community and Engineers
In the ever-evolving realm of cybersecurity, a new malware has emerged, casting a shadow of concern over Apple’s macOS. This sophisticated malware, known as “KandyKorn,” has been linked to the notorious North Korean hacking group Lazarus. Specifically, it has set…
Cybersecurity experts – Nearly $1 Billion Crypto Stolen in 2023 Due to Exploits, Hacks, and Scams: Details Explained
In an increasingly digitized world, the crypto space has witnessed a surge in malicious activities, with hackers and scammers targeting unsuspecting victims and making off with their hard-earned digital assets. Recent data reveals that the month of August 2023 alone…
Why Hackers Favor Binance’s BNB Smart Chain: The Rise of EtherHiding
In the dynamic landscape of cybersecurity, a new and potent menace, known as “EtherHiding,” has surfaced. Despite its misleading name, EtherHiding has minimal connections to the Ethereum blockchain. This cunning attack vector empowers malevolent actors to insidiously embed malicious code…
SEC Secures Urgent Relief Measures to Stop $130 Million Fraud Targeting Indian American Community
The Securities and Exchange Commission (SEC) has taken immediate action to combat an alarming fraud scheme that has targeted the Indian American community, raising approximately $130 million since April 2021. This ongoing fraud, allegedly orchestrated by Nanban Ventures LLC and…
Significant Surge in Zero-Transfer Phishing Losses on Tron Network: 450M USDT Affected – Bitrace
Zero-transfer phishing scams have become a persistent threat in the crypto industry, inflicting significant financial losses on unsuspecting victims. Recent data from blockchain analytics platform Bitrace highlights the alarming scale of these scams, with market participants losing a staggering 451…
$690,000 Hack of Vitalik Buterin’s X Account Includes Theft of $244,000 CryptoPunk NFT
In a shocking turn of events, Ethereum cofounder Vitalik Buterin’s X (formerly Twitter) account recently fell victim to a high-profile hack, resulting in the theft of approximately $690,000 worth of assets, including a valuable CryptoPunk NFT valued at $244,000. This…