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The convicted hacker behind the 2016 billion-dollar Bitfinex bitcoin theft says his early release from federal prison was made possible by President Donald Trump’s First Step Act, reigniting debate over crypto crime, punishment, and leniency. Convicted Bitfinex Hacker Released Early From Prison, Thanks Trump Law Ilya Lichtenstein, the admitted hacker behind the 2016 Bitfinex breach … Read more
2025 marked a turning point in crypto security with the $1.5 billion Bybit hack, the largest DeFi breach ever, executed by North Korea’s Lazarus Group. Chainalysis data shows rising risks for individual wallets, while exchanges experiment with controversial protocol‑level freezes. Analysts argue the future of crypto security hinges on balancing rapid‑response coordination, transparency, and decentralized … Read more
Reports of a large-scale hack involving Trust Wallet, a popular multi-currency wallet, flooded social media on Thursday. Known blockchain security influencer ZachXBT stated that hundreds were affected, and that over $6 million was siphoned from victims’ wallets. Over $6 Million Siphoned from Trust Wallet Users Several victims have been affected by a mystery hack hitting … Read more
Aevo, previously known as Ribbon Finance, is facing mounting criticism after outlining its plan to resolve a legacy vault exploit, a response that has triggered accusations of unfair treatment, heated social media backlash, and restricted discussion on X. Aevo Proposes Partial Recovery After Exploit, Community Isn’t Buying It Aevo published an update detailing how it … Read more
The crypto project Yearn Finance has confirmed a security incident involving a custom yETH stableswap pool that resulted in approximately $9 million in total losses. Impact Assessment and Containment Yearn Finance, the decentralized finance (DeFi) yield aggregator, has confirmed a security incident involving a custom yETH stableswap pool that resulted in approximately $9 million in … Read more
A cybersecurity breach pushed crypto platform Upbit to halt transfers and rebuild parts of its wallet infrastructure while investigators reviewed abnormal activity and the exchange moved to assure customers their assets remained fully protected. Upbit Races to Fortify Systems After Security Breach South Korean crypto exchange Upbit issued an announcement on Nov. 28 from Oh … Read more
A new study found that 16 current blockchains possess protocol-level freezing capabilities that allow foundations or governance groups to block specific addresses, with an additional 19 potentially able to support freezing in the future. Three Methods of Freezing Funds Identified A recent study by Bybit reveals that 16 blockchains currently have protocol‑level freezing capabilities, allowing … Read more
The decentralized finance platform Balancer has acknowledged a significant security breach affecting its V2 protocol and its forks on other chains. Balancer Confirms ‘Significant’ V2 Exploit The decentralized finance (DeFi) platform Balancer has acknowledged that a recent security breach targeting its V2 protocol and forks on other chains “was significant.” In its latest update, Balancer … Read more
On Nov. 3, Balancer was exploited for over $116 million after attackers used a smart contract vulnerability to manipulate vault calls during pool initialization. Balancer Confirms Incident The decentralized finance (DeFi) platform Balancer has suffered a major exploit, resulting in the theft of over $116 million in digital assets. Preliminary investigations revealed that attackers exploited … Read more
In August 2023, Morgan and her husband, Ilya Lichtenstein, pleaded guilty to one of the largest heists in crypto history. ‘Papa Trump’ Intervened, Says Convicted Money Launderer Heather Morgan The tweet was posted at 1:40 p.m. on Oct. 22, 2025. It reads, “Who’s ready for NEW Razzlekhan music?” Attached is what appears to be an … Read more