On April 15, the team behind the Ethereum scaling network, ZKsync, identified a compromised admin account that took control of $5 million worth of ZK tokens. These were the remaining unclaimed coins from the ZKsync airdrop, they added. The team reassured users that all their funds are safe and have never been at risk. “The ZKsync […]
Less than two months ago, the crypto exchange Bybit fell victim to one of the largest attacks in the crypto sector’s history, losing about $1.5 billion in ether (ETH) to cyber criminals. While the leading trading platform has recovered significantly from the effects of the attack, market experts have analyzed data that showed how it […]
The Lazarus Group, which was responsible for the recent $1.5 billion Bybit hack, now holds 13,518 BTC worth $1.13 billion, according to Arkham Intelligence. This could make North Korea the fifth-largest nation-state to hold the asset behind the United States, China, the United Kingdom, and Ukraine, according to BitBO. It would also make the cybercrime […]
As discussions around crypto fraud intensify following the recent $1.5 billion Bybit hack, Ethereum co-founder Vitalik Buterin is urging the industry to recognize another major risk. According to him, while much attention is given to preventing theft, not enough is done to protect people from accidental loss due to user errors. Accidental Crypto Loss Remains […]
Ron Branstetter, creator of the viral meme coin Unicorn Fart Dust (UFD), announced that his Phantom wallet had been hacked, leading to the loss of $6.6 million worth of UFD tokens, Solana, and other crypto assets. Branstetter shared the news during an emergency livestream, expressing heartbreak while reassuring the community of his unwavering commitment to […]
Dean Norris, best known for his role in Breaking Bad, has become the target of hackers again. His X account was recently compromised to promote a fraudulent meme coin named DEAN. Details from the Exploit An X user who shared a screenshot of the deleted posts described the incident as one of the “most believable” […]
Crypto exchange giant Binance reportedly stopped more than $129 million from being lost to criminals in 2024. In its Anti-Scam Refund Initiative end-of-year report, the company outlined how it deployed cutting-edge artificial intelligence (AI) and machine learning (ML) technologies to transform digital asset security from reactive measures to proactive defense strategies. Anti-Scam Initiative According to […]
Blockchain gaming giant Animoca Brands revealed that co-founder and chair Yat Siu’s X account was hacked, promoting a fraudulent token on Solana’s Pump.fun platform. The attackers impersonated Animoca and falsely announced the launch of a token. Blockchain investigator ZachXBT attributed the hack to a phishing scam that has recently targeted over 15 crypto-focused X accounts, […]
SBI VC Trade, a crypto-focused subsidiary of Japan’s financial giant SBI Holdings, is set to inherit the accounts and assets of beleaguered crypto exchange DMM Bitcoin. The transfer will take place on March 8, 2025, marking the culmination of DMM Bitcoin’s liquidation process after a devastating $305 million hack in May 2024. Liquidation and Transfer […]
South Korea has intensified efforts to curb the illegal cyber operations of its northern neighbor, the Democratic People’s Republic of Korea (DPRK), which have escalated to alarming levels. These activities, which include cryptocurrency theft and IT-related foreign currency generation, are said to be funding Pyongyang’s nuclear and missile programs. Crypto Crimes Funding Military Developments In […]