According to the security firm, hacks accounted for more than 70% of crypto losses due to illicit activities in 2024, compared to 30% for scams.
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As Netflix released Squid Game Season 2 after Christmas, tokens of the same name flooded the crypto markets.
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XT.com has issued a statement acknowledging an “abnormal transfer of platform wallet assets” but hasn’t confirmed the $1.7 million hack yet.
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Cardi B’s WAP memecoin launch stirs controversy as crypto investigators link the wallet address to past scams and rug pull projects.
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The Penpie protocol hacker funneled $7 million through Tornado Cash within hours after stealing $27 million, highlighting DeFi security risks.
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Two largest phishing attacks together made up 93.5% of the total stolen funds, amounting to $293.4 million.
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This breach and subsequent laundering activity highlight the ongoing risks faced by centralized exchanges, even those with robust security measures.
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The hacker’s use of Tornado Cash marks the first movement of the stolen Unizen funds since March, heightening security concerns.
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Blockchain security firms say bad actors typically move altcoins into Ether to prepare for laundering, as the native token has no built-in means to get frozen.
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According to reports, the decentralized finance (defi) protocol Lifi Finance experienced an $8 million loss due to an exploit. Lifi confirmed the breach on X and advised users to avoid interacting with Lifi-powered applications. Lifi Finance Loses $8 Million to Exploit On Tuesday, the onchain security firm Peckshield revealed that Lifi Finance had been compromised, […]
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