How security, education and regulation can mitigate rising crypto scams
Cybersecurity experts say the crypto industry is a target for bad actors because it is a new technology that is rapidly evolving and growing. Go to Source Powered by WPeMatico
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Meta’s Zuckerberg grilled by senators over ‘leak’ of LLaMA AI model
The senators weren’t happy with the “seemingly minimal” protections to fight against fraud and cybercrime in Meta’s AI model. Go to Source Powered by WPeMatico
Pro-XRP attorney’s phone hacked to promote LAW token
Deaton alerts followers via daughter’s account and urges reporting the hack as the XRP community responds, spreading awareness. Go to Source Powered by WPeMatico
Arbitrum-based Jimbos Protocol hacked, losing $7M in Ethereum
The attacker took advantage of the lack of slippage control of liquidity conversions to steal the funds. Go to Source Powered by WPeMatico
Philippines Law Enforcement Busts Crypto Scam Center, Over 1,000 Human Trafficking Victims Rescued
Over 1,000 human trafficking victims were recently rescued from a “fraud factory” in Mabalacat, a town located nearly 90 kilometers northwest of Manila, Philippines law enforcement has said. Michelle Sabino from the Philippine National Police Anti-Cybercrime Group said trafficking victims use social media platforms such as Facebook to lure unsuspecting individuals. Cryptocurrency Scams According to … Read more
FBI, Ukraine seize 9 exchange domains on money laundering allegations
The authorities claimed the exchanges allowed cybercriminals to flout anti-money laundering measures. Go to Source Powered by WPeMatico
Hundred Finance loses $7 million in Optimism hack
The attacker reportedly manipulated the exchange rate between ERC-20 tokens and hTOKENS to steal over $7 million from the protocol. Go to Source Powered by WPeMatico
MetaMask third-party provider was hacked, exposing email addresses
The incident affected users who submitted a MetaMask customer service ticket between August 1, 2021 and February 10, 2023. Go to Source Powered by WPeMatico
Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011
Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting in the theft of $4.17 … Read more
Platypus reveals compensation plan for users’ funds after attack
DeFi protocol Platypus seeks to return nearly 78% of the main pool funds by reminting frozen stablecoins. Go to Source Powered by WPeMatico