Crypto Hack
Moonwell DeFi Hit by $320K Flash Loan Exploit: Security Risks Highlighted
Moonwell DeFi, a decentralized lending protocol operating on the Optimism network, suffered a flash loan exploit, resulting in a loss of $320,000. The perpetrator targeted the protocol’s USDC lending contract,...
WazirX Faces New Probe and DEX Launch; Binance Delists SUI/TUSD, WRX Pairs
The crypto market is reacting to Binance’s announcement on delisting several underperforming trading pairs. These include SUI/TUSD and WRX pairs. Binance cited low liquidity and market inefficiency as reasons. The...
WazirX Asset Rebalancing: $200M Wallet Activity Sparks Binance Theories
WazirX has given its users an update on its asset rebalancing. This comes after concerns about unexpected wallet movements. The exchange said the transfers between cold storage wallets are temporary....
Hoskinson’s ‘I Will Find You’ Stance After Cardano Foundation Hack
On December 8, the Cardano Foundation’s X account was hacked in a security breach that misled users and affected market sentiment. The attacker used the account to promote a fraudulent...
Radiant Capital Hit by $50M Cyberattack: North Korea Group Linked
Radiant Capital has confirmed new findings surrounding the devastating $50 million cyberattack it suffered on October 16, 2024. An investigation by cybersecurity firm Mandiant identified the attackers as UNC4736, a...
Solana Hack Exposes Library Flaws, Costs Developers $160K
Layer 1 blockchain network Solana (SOL) suffered a massive software supply chain attack on Tuesday, impacting the protocol’s users and developers. The attack involved the solana/web3.js JavaScript library, which is...
WazirX Hack: Indian Authorities Arrest Suspect in $230 Million Theft
The Delhi Police in India arrested a suspect in connection with the $230 million hack of Indian cryptocurrency exchange, WazirX. The suspect, SK Masud Alam, is accused of creating a...
Bitfinex Hacker Faces 5 Years, Prosecutors Seek to Deter Crypto Crime
US prosecutors have recommended a five-year prison sentence for Ilya Lichtenstein, who pleaded guilty to a money-laundering conspiracy related to the $6 billion Bitfinex hack. They believe Lichtenstein reflects a...
WazirX Gets Reprieve From Singapore Court After $234 Million Crypto Hack
The High Court in Singapore granted WazirX, an Indian cryptocurrency exchange, a four-month judicial stay. This moratorium will allow WazirX to address the impact of a $234 million hack in...
South Korean Court Orders Defunct GDAC to Return $7.3M in WEMIX to Wemade CEO
A South Korean court ruled in favor of Wemade CEO Park Kwan-ho, ordering the now-defunct GDAC crypto exchange to return 7.8 million WEMIX tokens, worth $7.31 million. This ruling is...
WazirX’s Tarnished Reputation: A $230M Hack and a Botched Response
Pseudonymous crypto trader Mystery of Crypto has blasted WazirX’s response to the security breach that cost over $230 million in digital assets. The trader said that, unlike other exchanges that...
Germany Shuts Down 47 Illegal Crypto Exchanges, Seizes Millions
German authorities have stepped up enforcement against unauthorized crypto exchange providers in the nation. The Federal Criminal Police Office (BKA), along with the Frankfurt Public Prosecutor’s Office, shut down 47...
WazirX Hackers Are Still at It – Another $12M Vanishes into Tornado Cash
Hackers responsible for the massive WazirX exploit continue to move the stolen funds, the latest being 5,000 ETH (approximately $12 million) transferred through the privacy mixer Tornado Cash, according to...
WazirX Hackers on the Move Again: $23.3M in ETH Transferred in 24 Hours
Blockchain analytics firm SpotOnChain has flagged another significant movement of funds linked to the WazirX exchange hack. In the last 24 hours, the hackers transferred a total of 10,000 ETH,...
WazirX Hackers Transfer $12M in ETH, Laundering via Tornado Cash
Hackers responsible for the $230 million WazirX breach have transferred 5,000 ETH, worth roughly $12 million, to a new address, according to blockchain security firm Cyvers Alerts. The transfer follows...
August Sees Over $313M Lost to Crypto Hacks, Phishing Attacks Dominate
August 2024 proved to be a challenging month for the crypto industry, with more than $313 million lost to over ten separate hacks, according to a recent report by PeckShieldAlert....
Crypto Security Report: August Losses Down, but 2024 Total Surpasses $1.2 Billion
Seems the crypto market losses in 2024 are far from over. Over $1.2 billion has been stolen through various hacks and scams, according to the latest report by web3 security...
WazirX Confirms $230 Million Hack, Dispels Misinformation on Timeline
Confusion and misinformation initially surrounded the WazirX hack, but it is now confirmed that hackers stole over $230 million from the cryptocurrency exchange on July 18th by compromising the platform’s...
dYdX Retrieves Website From Hackers, Restores Users’ Confidence as Token Recovers
The dYdX decentralized exchange has recovered from a hack on its version 3.0 platform after information filtered about the team’s plan to sell it to intending buyers. The team warned...
Hong Kong Authorities Nab Kidnappers Demanding Ransom in Crypto
Hong Kong authorities are reportedly gaining experience in handling crimes involving cryptocurrencies. According to a recent report, authorities in Hong Kong thwarted a kidnapping attempt where the kidnappers demanded a...
Cardano Network Thwarts DDoS Attack Targeting Staked ADA
Cardano successfully defended against a Distributed Denial of Service (DDoS) attack that targeted staked ADA tokens on Tuesday. Despite the attack, the network remained fully operational. The DDoS attack aimed...
Bitcoin Layer-Two Bridge Exploit: ALEX Lab Details Laundering Scheme
ALEX Lab, a Bitcoin layer-two (L2) network bridge, has issued an update on the recent hack that resulted in the theft of millions of dollars in cryptocurrency, detailing the perpetrator’s...
Scam Alert: Binance Co-Founder Targeted in Twitter Impersonation Scheme
Binance co-founder Yi He has issued a disclaimer against an impersonator using her identity to scam unsuspecting users on the social media platform X. Yi He denied having issued any...
ZachXBT Exposes $2M Memecoin Heist, Targets ANDY Holders
Blockchain sleuth ZachXBT uncovered a crypto theft targeting roughly $2 million worth of memecoins. In a post, the investigator revealed the thief exchanged half the stolen assets for Ethereum (ETH)...
Hackers Target Velocore DEX, Stealing $10 Million, Linea Blockchain Briefly Pauses
Prominent Chinese crypto journalist Colin Wu alerted the crypto community to a suspected exploit on Linea Blockchain, a Layer 2 scaling solution for Ethereum. In a recent post on X,...
