JPMorgan financial arm Chase Bank announced plans to impose restrictions on crypto transactions in the UK. In a blog post, the Chase bank team confirmed that from October 16, UK retail and institutional clients will be restricted from engaging in crypto transactions….
Mixin Network, prominent blockchain protocol that addresses scalability concerns, has suffered loss of substantial assets after the hackers compromised its database. In a September 23 update, the Mixin team lamented that hackers launched a malicious attack on the protocol, draining assets worth…
On Friday, September 15, renowned crypto mogul Mark Cuban fell victim to a phishing attack that resulted in the loss of a substantial amount of assets. Reports indicated that hackers drained assets with $87000 from Cuban’s hot wallet. The incident was first…
Decentralized crypto exchange RocketSwap was hacked yesterday 15 August by an unknown attacker. As a result, 741 ETH (about $870,000) was lost, after which the hacker sent the funds to Ethereum and created a memecoin, LoveRCKT. According to the RocketSwap team, the…
In a recent update, the prominent crypto payment platform in Estonia, CoinsPaid, accused the North Korean illicit group of compromising with the company system. The CoinsPaid team lamented that the Lazarus Group gained unauthorized access to the system and posted fake jobs….
Leading DeFi protocol Arcadia Finance has suffered an attack that led to the loss of $455,000 in assets. A hacker successfully stole the assets from the non-custodial decentralized finance (DeFi) protocol by exploiting a code vulnerability. According to leading blockchain security firm…
Although the year 2023 has recently started, the crypto industry has seen several developments in the respective short period. Particularly, in the case of exploits, the industry has been hit with a loss of up to $119 million up till now this…
The crypto market may be filled with great uncertainty at the moment, but the US government is still making millions from Bitcoin sales. That’s according to a document submitted to the court on Friday showing that the Feds sold BTC in mid-March,…
In a shocking turn, Seychelles-based virtual currency exchange OKX has recently unearthed $157 million in online holdings owned by prominent firms FTX and Alameda Research. As a result of the discovery, OKX has pledged to transfer the assets to the insolvency estates…
DeFi project Swerve Finance is under governance attack, with the involved exploiter looking to steal over $1.3 million in various stablecoins. But what’s a governance attack? This type of attack involves a hacker taking control of adequate voting power to pass proposals…
Dante Disparte, the chief strategy officer at Circle Internet Financial Ltd., has confirmed that his Twitter account has been hacked. The Circle team tweeted on March 22 revealed that bad actors compromised Disparte’s Twitter profile to promote fake USD Coins. The hackers…
The UK-based lending platform Euler Finance has been holding private meetings with the exploiters who stole $196 million. The March 16 flash loan attack prompted the Euler team to develop strategies to recover the stolen amount that has started to bear fruits….
The North Korean hacker group named Lazarus Group has moved 41,000 ETH (nearly $63.9 billion) which was swindled from Harmony Bridge in an exploit in 2022. The hackers have sent the stolen funds to the crypto exchanges named Huobi, OKX, and Binance,…
The previous year had posed a lot of challenges to the crypto industry. They included liquidity issues, huge declines in top assets’ value, as well as a great number of bankruptcies. The market additionally went through several security threats with hackers stealing…
Changpeng Zhao, the chief executive officer of Binance (the top crypto exchange), turned to his account on Twitter, cautioning about the latest type of hack influencing the crypto world. The hack is performed by a malicious actor, one with extensive knowledge regarding…
Top law enforcement agencies along with the judicial authorities in Turkey and Russia have agreed to the need for Mutual Legal Assistance (MLA) agreement for preventing cybercrimes in the digital industry. Further collaboration will be made between the two countries for stopping…
The crypto market has been plagued with some of the worst hacks that the market has seen in years. While the crypto space has always seen its fairs share of bad actors, the sheer volume and frequency with which these hacks have…
In the aftermath of the sanctions imposed by OFAC on Tornado Cash, unique details regarding the protocol’s utilization by malicious people have been brought to the front. Tornado Cash, a crypto mixer, has been prominently used in laundering money and such incidents…
A liquidity and trading marketplace “Velodrome Finance” declared the redeeming of up to $350,000 worth of funds that were stolen on 4th August. Nonetheless, the incident became touching when the internal analysis brought to the front that a famous team participant (known…
The layer-2-based scaling solution of Optimism has experienced a setback as the smart contract of the platform’s market maker has been exploited due to which a loss of up to 20m OP tokens was witnessed in this respect. This incident took place…
