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…
With the advancement in the digital sector crypto has become a tool for conducting unlawful activities forcing industrial players to take decisive action to protect the digital industry from collapsing. As part of the pivotal role to shield the crypto industry from…
In an advanced announcement, hackers launched a malicious attack on the Poloniex hot wallet, draining assets worth $126 million. The hacking incident was first flagged by Peckshield at 10:55 UTC on November 10 after hackers transferred a measurable amount of funds to…
In a Bloomberg report, the ongoing hype on ChatGPT came to a standstill after bad players launched a distributed denial of service (DDoS) attack. News concerning the attack was shared by OpenAI status update outlining the severity of the attack. The OpenAI…
Avraham Eisenberg, the man behind the $116 million Mango Market exploiter, has received an extension to his trial dates after a long legal battle between the government prosecutors and his defense lawyers. As the legal peril facing Eisenberg widened, his lawyers requested…
In an advanced announcement, Trezor, the leading crypto hardware wallet provider in Prague, has revealed plans to investigate a phishing campaign targeting its customers. The report demonstrated that Trezor users have been receiving phishing emails that lured them to download a suspicious…
The world’s largest Web3 marketplace, OpenSea, has denied claims concerning the involvement of the former head of venture Kelvin Pawlak in the AnubisDAO rug pull that occurred in 2021. Recently, talks concerning the AnubisDAO rug pull that exposed non-fungible tokens (NFTs) investor…
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,…
