In the landscape of cryptocurrency, ensuring the protection of investors against deceptive financial activities, notably pump-and-dump schemes, is of utmost importance. The introduction of anti-dumping policies marks a significant stride towards preserving market integrity and defending the interests of participants in the…
Impersonation scams within the cryptocurrency sector present a sophisticated and continuous threat to investors and users. These scams cleverly exploit the digital and pseudonymous characteristics of cryptocurrency transactions, creating a fertile ground for fraudsters to operate with a degree of anonymity that…
The growing popularity of Metamask has forced the firm to strengthen its security protocol to safeguard customers’ funds. In a February 20 report, the Metamask team said it would integrate additional security alerts across multiple chains. The strategic move aims to protect…
The rise of cyber attack incidents has posed a threat to the national security of most crypto-friendly states. The damages caused by cyber attacks forced giant tech firms to collaborate and address the issue. In a recent announcement, the team behind ChatGPT…
In an official communication, the Seychell-based crypto exchange FixedFloat suffered a malicious attack that impacted the loss of a substantial amount of funds. News concerning the hacking incident was disclosed by the renowned blockchain analytics firm BlockFence. After assessing the damages caused by the…
The rise of crypto-related crime has attracted the attention of global regulators, who have imposed corrective measures to shield the consumer from exploitative business activities. Despite the intense efforts to combat crypto crimes, criminals have advanced their skills and expertise to rob…
In a January 28 report, the renowned blockchain-oriented Karaoke platform Somesing suffered significant losses after a hacker launched a malicious attack. The report demonstrated that the hackers gained unauthorized access to the Somesing platform, siphoning assets worth 730 million SSX tokens. Hackers…
In an official publication, the Stellar Development Foundation (SDF) revealed plans to postpone the network upgrade to a later date after the developers discovered a bug. Initially, the Stellar community planned to integrate the Ethereum smart contract into its blockchain network on…
In a January 22 report, the prominent liquidity manager Concentric was hit by a security breach resulting in a loss of substantial amounts. Updating the X community the Concentric regretted that the hackers deployed a social engineering attack to gain unauthorized access…
On Friday, January 12, the famous Web3 lending application Wise Lending was hit by a cyber attack that resulted in the loss of a substantial amount of funds. In a blog post, Wise Lending regretted that the hackers launched a malicious attack…
On January 9, the crypto community condemned the US Securities and Exchange Commission (SEC) for misleading the investors after the hackers exploited their X account. In the tweet, the hackers claimed that the SEC had approved the Bitcoin ETFs. The tweet created…
As the crypto community eagerly awaits the approval of the spot, Bitcoin exchange-traded funds (ETFs), the notorious cyber-criminal group Lazarus Group, have struck with a new attack leading to the loss of substantial assets. In a January 8 report, the Lazarus Group…
In a Monday report, the South Korean cross-chain bridge Orbit was hit by a major cyber attack that resulted in the loss of a substantial amount. The Orbit team complained that the hackers gained unauthorized access to the cross-chain and drained approximately…
In a December 28 report, the prominent crypto exchange in Canada, Catalyx, indefinitely suspended withdrawals, depository services and all trading activities following a security breach incident. The discovery of the security breach forced Catalyx to take decisive actions to address the matter. …
In a recent report, KyberSwap revealed plans to downsize following the multi-million dollar exploit that plunged the company into financial woes. The report demonstrated that the Singapore-based decentralized finance protocol will reduce 50% of the workforce to remain afloat. A statement from…
A recent report from the leading crypto manufacturer in Paris Ledger confirmed that hackers had launched a malicious attack. The incident was reported by a former employee who fell into the hacker’s trap after he clicked a phishing link. A review of…
The rise of hacking activities linked to North Korean illicit groups has attracted the attention of global regulators to safeguard crypto investors from losses. In an advanced report, the national security officials from South Korean, the United States, and Japan held a…
In advanced communication, the famous messaging protocol Wormhole raised approximately $225 million from a funding round led by the European investment company Brevan Howard. Other participants in the successful fundraising included Coinbase Ventures, ParaFi, Arrington Capital, Borderless Capital, and Jump Trading. The…
Another top crypto exchange, HTX has come under attack alongside the Heco Chain blockchain protocol. The attack resulted in the theft of $100 million in several different cryptocurrencies. Former CEO of Tron and long-time cryptocurrency entrepreneur and an investor in HTX Justin…
In an advanced communication dated November 23, the prominent Ethereum-powered decentralized exchange (DEX) KyberSwap was hit by a malicious attack. The announcement revealed that the attackers compromised the KyberSwap Elastic Pools Liquidity Solution (EPLS) to heist around $48 million. The Elastic pools…
