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.
Once Terra blockchain discovered the attack, the team launched emergency measures to contain the situation. This helped prevent further damage and ensure that more tokens are not siphoned.
This incident comes at a time when Sanctum Protocol has been touching skies. In June, the protocol’s total value locked (TVL) surpassed $1 billion.
This incident is part of a broader wave of DNS hijacking attacks targeting DeFi platforms that use Squarespace for domain management.
Hamster Kombat, which bagged Bybit listing recently, rose to popularity in the twinkling of an eye. As widely reported, its meteoric rise sparked excitement amongst crypto and Web 3.0 enthusiasts.
With the growing trend of crypto scams, crypto users are advised to be very careful when clicking on any link, even if it seems to come from trusted sources.
Following the hack, WazirX temporarily suspended trading and withdrawals to protect user funds and conduct a thorough investigation.
Cyvers had detected the suspicious transactions and attempted to contact WazirX 30 minutes prior to their public announcement, but received no reply.
Despite attributing the bug to its service providers, Degen Chain acknowledged its own responsibility for not proactively changing providers or requesting a fix.
Amid concerns about funds safety in exchanges, users have been advised to manage their digital assets using self-custodial wallets.
Meanwhile, the latest development in the crypto market is a rare bright spot in the bleak landscape of phishing attacks and other malicious activities in the emerging economy.
Currently, the group is also under investigation for a June security breach at CoinStats, where private keys from 1,590 wallets were accessed, resulting in a $2.2 million cryptocurrency theft.
The Hanoi authorities say the crypto scam fueled by Global BBA Company was registered by Thoai.
The Inferno Drainers group, implicated in the breach, specializes in deploying wallet kits that deceive users into approving harmful transactions.
The Solicitors Regulation Authority (SRA) warns that emails from “@attwaters.co” are fake. Genuine emails from these firms use “@attwaters.co.uk” or “@attwatersjamesonhill.co.uk”.
Michael Lewellen, security adviser at the Compound Finance DAO, stated that the Compound Finance URL has been compromised and “is currently hosting a phishing site.