Web3 security breaches in January caused $98.19M in losses, with major hacks, phishing scams, and account compromises affecting multiple platforms.
Phishing losses dropped in January, but malware attacks surged, with social engineering scams targeting Coinbase and crypto wallets.
The exchange insists its cold wallets remain safe, but the full extent of the breach is still unknown.
This recent exploitation of UniLend Finance demonstrates that the DeFi sector has become a prime target for bad actors.
The publicization of the OpenSea data leak is a reminder of the broader challenges the cryptocurrency sector faces regarding data security.
XRP lawyer John Deaton raises alarm about increasingly sophisticated crypto scams targeting both novice and experienced investors, emphasizing the importance of vigilance during bullish market conditions.
Crypto scams and cyber threats, particularly pig butchering and access control breaches, resulted in losses of $3.6 billion in 2024.
French financial regulators reveal alarming crypto fraud statistics, with victims losing an average of €29,000 as scammers deploy AI-enhanced deception tactics.
RedTeam platform emerges as a groundbreaking solution to combat AI-driven bot threats, offering crypto rewards to ethical hackers for security contributions.
South Korea has sanctioned many individuals for their involvement in crypto theft and support of North Korea’s military activities.
A crypto crime banking syndicated have finally been disrupted by the Europol and other law enforcement agencies.
South Korean authorities have conclusively linked North Korean hacking groups, including Lazarus and Andariel, to the $50 million Upbit hack of 2019.
The collapse of IB Token following a hacker’s large-scale sell-off underscores the critical risk of compromised social media accounts and the ease with which hype can drive volatile market shifts in the crypto space.
Hackers hit bedrock with $2 million exploit days after major milestone.
Further investigations suggest that some of the stolen funds have been moved through the decentralized exchange Kyberswap.