Social engineering scams have proved to be one of the damaging attack vectors in crypto, which are capable of bypassing technical defenses and draining platforms or users of staggering sums. In the latest development, a victim lost 783 Bitcoin, worth approximately $91 million, in such an attack. Hackers Impersonate Wallet Support Prominent on-chain investigator ZachXBT […]
Investigations by popular blockchain sleuth ZachXBT have uncovered extensive North Korean infiltration in the global cryptocurrency development job market. An unnamed source recently compromised a device belonging to a DPRK IT worker and provided unprecedented insight into how a small team of five IT workers operated over 30 fake identities. DPRK Operatives Flood Crypto Job […]
Blockchain analytics firm Arkham has revealed that a previously unknown hack of Chinese mining pool LuBian in December 2020 resulted in the theft of 127,426 BTC worth around $3.5 billion at the time. This makes it the largest crypto theft in history, Arkham stated, and the haul today would be worth a whopping $14.5 billion. […]
Crypto and Web3 security incidents led to over $801.3 million in losses across 144 incidents in Q2 2025. CertiK reported that this reflects a 52.1% decrease in value lost from the previous quarter. The quarter also saw 59 fewer incidents during this period. Ethereum Hit Hardest Again Phishing was the most damaging attack vector, as […]
A new report by TRM Labs has revealed that 2025 has had the worst ever first half of the year in terms of hacks and exploits, with more than $2.5 billion stolen in that period. However, while the figure surpassed the previous H1 record set in 2022, the numbers were considerably skewed by just one […]
Binance’s former CEO, Changpeng Zhao (CZ), has warned about a new wave of cyberattacks targeting crypto data platforms. This follows recent breaches at CoinMarketCap (CMC) and CoinTelegraph (CT) that exposed users to wallet-draining phishing schemes. The CMC and CT Attacks “Hackers are targeting information websites now. Be careful when authorizing wallet connect,” CZ said in […]
Cryptocurrency crime may be evolving, but the share of illicit such transactions remains strikingly small. According to TRM Labs’ latest annual report on crypto crime, just 0.4% of all digital asset transaction volume in 2024 was linked to unlawful activity, marking a 51% drop from the previous year despite a surge in the overall market. […]
Hackers in the cryptocurrency space are shifting their focus from traditional smart contract flaws to manipulating individuals through social engineering tactics, as per Web3 security firm CertiK. The company reports that over $2.1 billion has already been lost to crypto-related attacks in 2025. Most of the damage stems from wallet breaches, which far outpace all […]
The Mobius DeFi and real-world asset tokenization platform suffered a smart contract exploit on the BNB Chain on May 11, leading to the theft of $2.15 million in Mobius Tokens (MBU), reported blockchain security firm Cyvers. “Two minutes prior to the exploit, our system identified a deployment of a malicious smart contract that eventually targeted […]
The crypto industry was victim to $92.5 million worth of losses from hacks across 15 separate incidents in April 2025 alone. This marks a 27.3% increase compared to the $72.6 million reported last year in the same month. Compared to previous months in 2025, the figure more than doubled from March’s total of $41.4 million. […]