hack
-
Cryptocurrency
$7 Million Taken in Cross-Chain Breach on Fantom Network
In an alarming incident that sent ripples across the decentralized finance (DeFi) community, Polter Finance, a notable crypto lending and trading platform operating on the Fantom blockchain, announced a significant financial loss. The platform reported a substantial deficit exceeding $7 million, attributing the loss to a sophisticated smart contract hack. This incident has spotlighted potential security vulnerabilities prevalent in the DeFi ecosystem, particularly in cross-chain operations, as highlighted by reports…
Read More » -
Cryptocurrency
Stolen Assets Exceed $30 Million in One Week
The cryptocurrency landscape is currently grappling with a surge in cyber attacks, impacting decentralized finance (DeFi) applications, smart contracts, and social media accounts associated with various crypto projects. The previous week has been particularly alarming, with financial damages surpassing the $30 million mark. These incidents highlight the urgent need for enhanced security measures as the crypto ecosystem continues to evolve and expand. 1. Giggle Academy’s X Account Breach In a…
Read More » -
Cryptocurrency
Stolen Assets Surpass $30 Million in a Week
The cryptocurrency market continues to grapple with a surge in cyber attacks, impacting decentralized finance (DeFi) applications, smart contracts, and even social media accounts associated with crypto projects. In the past week alone, the financial losses from these attacks have surpassed a staggering $30 million. This alarming trend underscores the urgent need for enhanced security measures as the crypto ecosystem evolves and expands. 1. Giggle Academy’s X Account Breach In…
Read More » -
Cryptocurrency
In 2024, Crypto Thefts Hit $800M Due to Ice Phishing and Wallet Draining
The year 2024 has seen a significant surge in cryptocurrency-related phishing scams, with losses surpassing an alarming $800 million, according to data from CertiK alerts. This upward trend is particularly evident in the second quarter, which recorded the highest number of incidents, totaling 67. The month of May, in particular, stood out with 25 separate hacking incidents. These losses are primarily attributed to sophisticated tactics such as Ice Phishing, a…
Read More » -
Cryptocurrency
In 2024, Crypto Thefts Hit $800M, Fueled by Ice Phishing and Wallet Draining
In the digital landscape of 2024, phishing scams have taken a significant toll on the cryptocurrency sector, exceeding losses of $800 million, according to CertiK alerts. The second quarter of the year emerged as the most impacted period, with a staggering 67 incidents reported. The month of May alone accounted for 25 of these malicious activities, marking it as the peak month for crypto-related hacks. These substantial losses are primarily…
Read More » -
Cryptocurrency
Coffeezilla Investigates MrBeast’s Involvement in Dubious Crypto Transactions
The popular YouTuber MrBeast has recently come under scrutiny following accusations of potentially deceptive practices involving cryptocurrency promotions. Coffeezilla, a renowned investigator of scams on YouTube, has stepped in to delve deeper into these claims. This investigation suggests that MrBeast may have influenced thousands of his subscribers to invest in questionable cryptocurrencies, potentially engaging in insider trading and other manipulative tactics. Main Claims of Market Abuse The report highlights MrBeast’s…
Read More » -
Cryptocurrency
Coffeezilla Investigates MrBeast’s Involvement in Dubious Crypto Transactions
The world of cryptocurrency has always been a hotbed for controversy and speculation. In recent times, MrBeast, a prominent YouTube personality known for his philanthropic endeavors, has come under the microscope for his alleged involvement in crypto market manipulation. Coffeezilla, a YouTuber renowned for his investigative prowess, delves into these claims to uncover the truth behind the allegations. Main Claims of Market Abuse The report by Coffeezilla highlights MrBeast’s association…
Read More » -
Cryptocurrency
Delhi Police Apprehend Suspect Linked to $230 Million Cyber Heist
The Indian cryptocurrency exchange, WazirX, has recently faced another significant setback. The Delhi Police have detained SK Masud Alam from West Bengal, who is suspected to be involved in a substantial hacking incident. According to reports from Indian news channel India Today, this cyber theft took place in July, compromising virtual currencies valued at approximately Rs 2,000 crore (around $230 million). This amount represents nearly 45% of the exchange’s total…
Read More » -
Cryptocurrency
Delhi Police Apprehend Suspect Linked to $230 Million Cyber Heist
In a significant development for the Indian cryptocurrency landscape, the Delhi Police have arrested SK Masud Alam from West Bengal in connection with a major hack on the WazirX cryptocurrency exchange. According to reports from India Today, this cyber theft, which occurred in July, resulted in the loss of virtual currencies valued at approximately Rs 2,000 crore ($230 million), accounting for a substantial 45% of the exchange’s total assets. Details…
Read More » -
Cryptocurrency
Nine Unauthorized Bitcoin Mining Operations Closed
In a significant move to regulate the burgeoning cryptocurrency sector, Thai authorities recently dismantled nine unauthorized Bitcoin mining farms, resulting in the arrest of two individuals from Surat Thani province. Both suspects, aged 30, face charges of theft and the unlawful consumption of electricity, which allegedly exceeds $280,000 (approximately 10 million baht). This incident underscores the challenges and complexities associated with unregulated Bitcoin mining activities in Thailand. Uncovering the Illicit…
Read More »
