Crypto Hack
Bitfinex Hacker Faces 5 Years, Prosecutors Seek to Deter Crypto Crime
US prosecutors urge the court for a five-year prison for Ilya Lichtenstein, the mastermind of the $6B Bitfinex hack. Lichtenstein represents a troubling pattern among…
WazirX Gets Reprieve From Singapore Court After $234 Million Crypto Hack
Singapore court grants WazirX a four-month moratorium to address a $234M hack impact. The court mandates WazirX disclose wallet addresses and respond to customer queries…
South Korean Court Orders Defunct GDAC to Return $7.3M in WEMIX to Wemade CEO
Seoul court orders GDAC to return 7.8M WEMIX tokens worth $7.31M to Wemade CEO Park Kwan-ho. GDAC faces a daily fine of 3 million won…
WazirX’s Tarnished Reputation: A $230M Hack and a Botched Response
WazirX delays resolving the $230M hack, with customers' funds still frozen. Mystery of Crypto criticizes WazirX for blame-shifting and poor communication. WazirX's "socialized losses" program…
Germany Shuts Down 47 Illegal Crypto Exchanges, Seizes Millions
German authorities shut down 47 illegal crypto exchanges, combating money laundering. Crackdown on cybercrime continues with millions seized from illicit platforms. Commerzbank enters regulated crypto…
WazirX Hackers Are Still at It – Another $12M Vanishes into Tornado Cash
Hackers move 5,000 ETH ($12M) through Tornado Cash, complicating asset recovery. WazirX offers a $23.4M reward for tracking down stolen $230M in crypto. Breach raises…
WazirX Hackers Transfer $12M in ETH, Laundering via Tornado Cash
WazirX hackers transferred 5,000 ETH ($12M) after a $230M breach. $4M in ETH was funneled into Tornado Cash to mask transaction trails. Affected customers may…
August Sees Over $313M Lost to Crypto Hacks, Phishing Attacks Dominate
Over $313M was lost in crypto hacks in August, phishing attacks were the primary method. Two major phishing incidents accounted for 93.5% of the total…
Crypto Security Report: August Losses Down, but 2024 Total Surpasses $1.2 Billion
Crypto losses in 2024 hit $1.2B, up 15.5%, despite August's 95% drop in thefts. Ethereum and BNB Chain targeted, with BNB Chain suffering $1.64B in…
