hack
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Cryptocurrency
How the BitMiner Scam Group Deceived Victims Out of $157K
A criminal syndicate operating in southern Vietnam has orchestrated a cryptocurrency mining scam, defrauding at least 200 individuals of approximately VND 4 billion, equivalent to $157,300. This elaborate scheme was led by 41-year-old Tran Minh Quang and three accomplices, who were ultimately captured in Dong Nai Province, located south of Ho Chi Minh City. Bitminer: An Overview of a Crypto Mining Scam The perpetrators cleverly established a website under the…
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Cryptocurrency
How the BitMiner Scam Group Deceived Victims Out of $157K
In a concerning development, a criminal group in southern Vietnam has orchestrated a cryptocurrency mining scam that has defrauded at least 200 individuals, amassing a total of VND 4 billion (approximately $157,300). This fraudulent operation was spearheaded by Tran Minh Quang, aged 41, along with three accomplices, all of whom were apprehended in Dong Nai Province, located south of Ho Chi Minh City. BitMiner: An Overview of a Crypto Mining…
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Cryptocurrency
Phishing Scams Lead the 2024 Cybercrime Wave
The year 2024 marked a tumultuous period for the cryptocurrency industry, with security threats reaching unprecedented levels. On-chain thefts alone resulted in a staggering loss of $2.3 billion, representing a 31.61% increase from 2023. As we delve into the crypto hack report of this week, we will explore the significant events that unfolded, highlight known phishing cases, and provide a glimpse into what 2025 might hold for the crypto space.…
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Cryptocurrency
Ethereum Faces Major Phishing Losses in 2024, Totaling $152 Million
The year 2024 marked a challenging period for Web3 as it grappled with a relentless wave of phishing attacks, culminating in a staggering $494 million in losses. According to the 2024 phishing report by Scam Sniffer, this figure represents a 67% increase compared to the previous year. The sophistication of wallet drainer malware has escalated, opening intricate loops for users, which has led to this significant rise. Despite this daunting…
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Cryptocurrency
Safeguard Your Wealth from a Billion-Dollar Loss
The year 2024 has marked a significant shift in the cryptocurrency landscape, with a notable increase in phishing attacks, one of the most destructive forms of cyber threats. According to Certik’s Hack3d report, the crypto industry faced 296 phishing attacks, resulting in a staggering loss of $1.05 billion. This figure represents 40% of the total crypto assets stolen over the past year, underscoring phishing as one of the most effective…
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Cryptocurrency
Safeguard Your Wealth from a Billion-Dollar Loss
The year 2024 has marked a significant shift in the crypto industry, with phishing emerging as one of the most detrimental cyber threats. This alarming trend saw a staggering 296 phishing attacks, which collectively cost the industry a whopping $1.05 billion. According to Certik’s Hack3d report, phishing alone accounted for 40% of the total crypto stolen last year, highlighting its effectiveness as a cyberattack strategy. The Financial Impact of Phishing…
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Cryptocurrency
Cyber Attacks Lead to $2.36 Billion in Losses
The cryptocurrency industry experienced significant growth and achieved unprecedented success in 2024, marking a pivotal moment in its journey towards mainstream acceptance. However, this progress was not without its hurdles, as the year also witnessed a surge in security breaches that posed substantial challenges. Escalating Threats in the Crypto World 2024 was characterized by an alarming increase in cybersecurity threats, with hackers employing advanced techniques to breach systems. According to…
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Cryptocurrency
Cyber Attacks Result in $2.36 Billion Loss
The cryptocurrency landscape in 2024 marked significant milestones, notably its deeper penetration into the mainstream market. However, this year was not without its challenges, as the industry faced substantial security breaches. According to an enlightening annual report by Certik, the crypto sector experienced 760 breaches, resulting in financial losses of over $2.36 billion, a staggering 31.61% increase from the previous year, 2023. Escalating Threats in the Crypto World The year…
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Cryptocurrency
$24.7 Million Disappeared Amid Rising Security Risks
December 2024 proved to be a month of significant change in the cryptocurrency market, marked by volatility and noteworthy security breaches. According to Peckshield’s monthly report, there were 25 hacking incidents leading to losses amounting to $24.7 million. While these figures may seem alarming, they actually represent a 71% reduction in losses compared to the previous month of November, making December one of the months with the lowest losses in…
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Cryptocurrency
Loss of $24.7 Million Amid Escalating Security Risks
December 2024 proved to be a turbulent month for the cryptocurrency market, marked by significant volatility. According to Peckshield’s comprehensive monthly report, the industry witnessed 25 hacking incidents, culminating in losses of up to $24.7 million. While this figure may seem daunting, it represents a 71% decrease from the previous month, November, positioning December as one of the months with the lowest losses in 2024. Top 5 Notorious Hacks of…
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