Another day, another attack. Wormhole, the Solana to Ethereum bridge, was exploited on Wednesday, February 2. An anonymous hacker has managed to get away with a fat paycheck, approximately $321 million making this the biggest Defi hack of 2022. How did this happen, and what actions have the Wormhole project...
Summary: 2020 had the lowest amount of Bitcoin stolen through hacks and scams A total of 4,366 BTC was stolen and publicly reported This is a 92% drop from 2019 and an all-time low of 0.02% of the total supply Bitcoin investors and traders are getting smarter in terms of...
In summary: KuCoin CEO, Johnny Lyu, has informed the crypto-verse that they’ve identified suspects behind the recent hack He explained that KuCoin is working with authorities to apprehend the suspects Another additional $64 Million in digital assets is out of the control of the hackers This brings the total to...
Quick take: Bitfinex CTO, Paolo Ardoino, has notified crypto twitter of the freezing of $33M Tether related to the KuCoin hack Bitfinex has frozen $13 Million Tether (USDT) on EOS Tether has frozen $20 Million USDT on Ethereum Binance has pledged its support in the recovery efforts of funds from...
Quick take: KuCoin’s risk management system detected unusual crypto withdrawal activity beginning today, 2:51 am (UTC +8) The exchange soon confirmed it was a hack KuCoin CEO, Johnny Lyu, confirmed KuCoin has an insurance fund to cover all losses $150 Million in Bitcoin, Ethereum and other ERC20 tokens was taken...
In summary: February 2020 saw IOTA’s Trinity wallet exploited by hackers. $1.6 Million in IOTA was stolen during the hack. The dust had not settled when the Coronavirus crash of mid-March hit. IOTA’s recent price developments point to the digital asset erasing losses due to the two events. IOTA (MIOTA)...
Quick take: Twitter has experienced one of its greatest hacks to date that has affected accounts of prominent global personalities and companies. The coverage of the Twitter hack by Mainstream media highlights Bitcoin as the digital currency used by criminals. Furthermore, most headlines keep using the phrase ‘Bitcoin Scam’ further...
Quick take: The XRP community has long been a target of scams. The same scammers are now targetting the Stellar (XLM) community using the same tactics. Staking is one way the fraudsters are luring XRP and Stellar (XLM) investors into sending them their digital asset investments. The crypto-verse is a...
In brief: Scammers are targetting the XRP community with a convincing email promising rewards through staking. The promises go further with another email promising a share of 5 Million XRP to be unlocked by Ripple. Both emails are part of an elaborate scam to lure investors into parting with their...
In brief: The owner of the Ethereum address that paid approximately $5 Million in ETH fees has finally been identified. According to the team at PeckShied, it belongs to a small P2P exchange in Korea called Good Cycle. The Good Cycle crypto exchange appears to be a Ponzi Scheme. The...
In summary: Crypto scams have continued to plague the industry and the orchestrators are becoming more sophisticated. The XRP Community is continually being targetted by these unscrupulous individuals. XRP Community members are leading the charge in identifying fraudulent offers online. Ripple has also joined the effort of identifying and eradicating...
South Korea’s UpBit exchange has been hacked, according to a service update posted here, leading the bitcoin (BTC) price to slip. BItcoin’s confirmation of strong support above $6,500 gave bulls heart this week, with the price bouncing 10% from the trough of the recent price crash. But the ever-present danger...
