hack
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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Cryptocurrency
Nine Unauthorized Bitcoin Mining Operations Closed
In a significant move to curb illegal activities in the cryptocurrency sector, Thai authorities recently dismantled nine unauthorized Bitcoin mining farms, resulting in the arrest of two individuals in the Surat Thani province. The suspects, both aged 30, stand accused of theft, specifically for illegally consuming electricity valued at over $280,000 (10 million baht). This case underscores the challenges of unregulated cryptocurrency operations within Thailand. The Investigation: Discovery of Unlawful…
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Cryptocurrency
Coinstats Hacker Resumes Laundering Stolen Funds After Extended Dormancy
The crypto world has been taken by surprise as a once-dormant exploiter of CoinStats has reappeared, engaging in extensive laundering activities and transferring significant assets between various addresses and contracts. This alarming update was highlighted in a recent report by CertiK Alerts, raising concerns across the cryptocurrency community. The individual responsible for these activities has employed sophisticated techniques to obfuscate their transactions, allowing them to retain a large portion of…
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Cryptocurrency
Coinstats Hacker Resumes Laundering Stolen Funds After Extended Dormancy
In a surprising turn of events, a previously inactive crypto exploiter tied to CoinStats has resumed their operations, engaging in substantial asset transfers and laundering activities. This resurgence has raised alarms across the cryptocurrency community, as the exploiter has employed sophisticated techniques to obfuscate the origin of the coins and retain a significant portion of the illicit funds. According to CertiK alerts, this development underscores ongoing vulnerabilities within the crypto…
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