Stay secure in the digital age. This section covers crypto hacks, wallet vulnerabilities, exchange breaches, and blockchain security upgrades. Learn how to protect your assets and understand the threats facing Web3 and DeFi platforms.
During the recent conference call with journalists, WazirX founder Nischal Shetty stated that the customers would probably lose 43% of the money they had with the exchange.
Mudrex’s case reflects the general situation in India, where there has been a significant increase in the number of crypto-related scams this year.
Kylian Mbappé’s social media was hacked to promote a fake crypto token, leading to large losses for some investors but profits for experienced traders.
Crypto security firm CertiK blames employee for Tornado Cash use during $3 million Kraken hack, raising transparency and ethical concerns.
Durov’s arrest has sparked a broader concern about the future of Web3, as this is not the first time an executive who advocated privacy has been attacked by the authorities
There is a generally growing occurrence of crypto scams and hacks.
This incident represents a broader trend of rising numbers of attacks in the DeFi ecosystem.
Since this new contract went live, it has processed over 85,000 transactions, generating about 765 ETH, which is close to $2 million at current market prices.
Since the hack happened, the exchange has carried out several processes to restore its users’ funds and prevent a recurrence.
The attacker used a decentralized mixer that makes it hard to trace the origin of cryptocurrency transactions.
Crypto hacks have continued to flourish despite best efforts to minimize them.
Australian Federal Police (AFP) teams up with blockchain firm Chainalysis to disrupt cryptocurrency crime. The Policing Cybercrime Coordination Center (PCCC) shares wallet data, trains officials on tracing stolen funds, and develops real-time scam detection strategies.
The hacker appears to be trying to cover their tracks while also preparing to launder the stolen funds.
The hackers involved in these attacks often used crypto mixers like Tornado Cash to obscure the origins of the stolen funds and evade detection.
WazirX already launched two bounty programs. One involves a $10,000 prize money in Tether for information that leads to freezing the stolen funds. The second is a “white hat recovery” bounty of 10% of the recovered fund.