hack
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Cryptocurrency
Centralized Exchanges Have Become Prime Targets for Cybercriminals
The 2024 Chainalysis Crypto Crime Report unveils a concerning trend in the digital currency landscape. The total amount lost to cryptocurrency hacks has escalated to a staggering $2.2 billion, marking a 21% increase compared to the previous year. With 303 incidents of crypto theft reported in 2024, the figure surpasses the 282 cases noted in 2023. This marks the fifth consecutive year where the losses have exceeded $1 billion, underlining…
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Cryptocurrency
Centralized Exchanges Have Become Prime Targets for Cybercriminals
The 2024 Chainalysis Crypto Crime Report sheds light on a concerning trend in the digital currency realm: the increase in crypto losses. The report indicates that the total amount lost to crypto hacks surged to a staggering $2.2 billion, marking a 21% increase compared to 2023. In 2024, there were 303 reported cases of crypto theft, surpassing the 282 incidents documented in 2023. This marks the fifth consecutive year where…
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Cryptocurrency
Delhi High Court Initiates New Investigation into $235 Million Cyber Theft
The news surrounding the WazirX hack has taken a dramatic turn. The Delhi High Court has mandated a fresh investigation into the massive $235 million security breach. This decision follows the police’s inability to uncover any criminal evidence during their initial inquiry. Coinciding with this legal development, Binance has announced its intention to delist WazirX’s native token, WRX, on December 18th. This move adds another layer of challenges for the…
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Cryptocurrency
Delhi High Court Directs New Investigation into $235M Cyber Heist
The unfolding saga of the WazirX hack has reached a pivotal moment as the Delhi High Court mandates a renewed investigation into the staggering $235 million breach. This decision comes after the initial police investigation failed to uncover any criminal evidence. Concurrently, Binance has announced its decision to delist WazirX’s native token, WRX, on December 18th, adding another layer of complexity to the challenges facing the exchange. Allegations of Fraud…
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Cryptocurrency
UAE Firm Implicated in Cryptocurrency Scheme Aiding North Korea’s WMD Programs
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has recently taken decisive action by imposing sanctions on two individuals and an associated company involved in a sophisticated cryptocurrency money laundering operation linked to North Korea. This operation has funneled millions of dollars to support North Korea’s Weapons of Mass Destruction (WMD) and ballistic missile programs. A Global Operation At the heart of this illicit network are…
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Cryptocurrency
UAE Firm Linked to Crypto Laundering Plot Aiding North Korea’s Weapons Program
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has recently implemented sanctions targeting two individuals and an associated company tied to a sophisticated cryptocurrency money laundering scheme linked to Pyongyang. This operation has funneled millions of dollars to support the development of weapons of mass destruction (WMD) and ballistic missile programs in the region. A Complex Network of Individuals and Entities The individuals, Lu Huaying and…
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Cryptocurrency
LastPass Security Breach Results in $5.36 Million Stolen from 40 Wallets
The repercussions of the notorious LastPass cyber attack, initially recorded in 2022, have continued to unfold, significantly impacting cryptocurrency holders. A staggering $5.36 million has been stolen, as revealed by blockchain investigator ZachXBT. This development highlights a targeted assault by the “LastPass threat actor” on over 40 addresses, underscoring the ongoing threat to digital assets. The Latest Attack: $5.36 Million Stolen On December 17, ZachXBT unveiled that the misappropriated funds…
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Cryptocurrency
LastPass Security Breach Results in $5.36 Million Stolen from 40 Wallets
The cyber attack on LastPass, which occurred in 2022, continues to have significant repercussions, particularly for those holding cryptocurrencies. A staggering $5.36 million has been reported stolen, highlighting the ongoing vulnerabilities exploited by cybercriminals. This alarming development was uncovered by blockchain investigator ZachXBT, who revealed that the “LastPass threat actor” has targeted more than 40 cryptocurrency addresses in this latest breach. The Latest Attack: $5.36 Million Stolen In a detailed…
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Safeguarding Your Crypto Investments from Malware on MacOS: Essential Security Tips
The cryptocurrency community faces an escalating threat with the open-sourcing of the MacOS Stealer Trojan. Previously accessible through a purchase of 1 BTC, this malicious software now poses an even greater danger as its attack code has been released into the public domain. This development underscores the necessity for heightened vigilance in safeguarding digital assets. This is How the Malware Operates According to Slowmist’s security research team, the MacOS Stealer…
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Cryptocurrency
Drake’s X Profile Compromised to Advertise $5M Cryptocurrency Scam
In a startling development on Saturday night, the X account of popular rapper Drake was reportedly compromised to advertise a fraudulent cryptocurrency. The scam involved a Solana-based memecoin known as “$ANITA,” which was inspired by Drake’s cartoon alter ego, Anita Max Wynn. This incident has sparked significant concern within the digital community. How the Scam Unfolded The hackers behind this scheme posted messages falsely alleging a collaboration with Stake, a…
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