Your phone suddenly flashes “No Service” or “SOS Only” in a spot where reception is normally flawless. Then password reset emails start piling up, and your exchange fires off an urgent login alert. Your text verification codes are no longer arriving, and you’re locked out. That combination isn’t a glitch; it’s very likely the opening […]
Gabriel Hay and Gavin Mayo, both 23 from California, are accused of defrauding investors of over $22 million through NFT “rug pull” scams and wire fraud from 2021 to 2024. They allegedly ran schemes like Vault of Gems, Faceless, and Sinful Souls, using fake promises and deceptive marketing to lure victims. Each charge could result […]
In 2024, North Korean hackers stole $1.34 billion in cryptocurrency across 47 incidents, making up 61% of global crypto theft. This marks a 102.88% increase from 2023’s $660.50 million. These funds are used to finance weapons programs, posing a global security threat. Key targets include cryptocurrency exchanges, DeFi platforms, and corporate finance systems, with individual […]
In a surprising turn of events, blockchain analytics firms and on-chain investigators have reported significant movements of approximately $20 million in cryptocurrencies from addresses linked to the U.S. government. The activity has raised concerns within the crypto community about the potential compromise of government-controlled wallets. Suspicious Transactions Detected Arkham Intelligence, a prominent blockchain analytics provider, […]
In a sector where security is paramount, the DeFi community was rocked by the news that Concentric Finance, a platform known for its robust security measures, fell victim to a cyber heist resulting in the loss of $1.6 million. The breach, which has sent shockwaves through the industry, highlights the ongoing battle against cyber threats […]
Denver-based pastor Eli Regalado has found himself at the center of a legal storm as he faces allegations of defrauding investors through a cryptocurrency scheme. The pastor, who collected over $1.3 million from investors, is being charged with securities fraud after reportedly using religious rhetoric to manipulate individuals into purchasing a digital token, INDXcoin, which […]
It’s only one week into 2024 and we have yet ANOTHER rug pull. The Solana ecosystem is grappling with what appears to be a calculated exit scam after the farming protocol MangoFarmSOL mysteriously shut down all forms of communication with its users. The protocol, which had been promising “unparalleled yield in the $SOL space,” has […]
The new year has barely begun, and the cryptocurrency industry is already facing a wave of security breaches with over $97 million stolen in a series of high-profile attacks. These incidents have raised serious concerns about the security measures of various platforms and the growing sophistication of cybercriminals. Gamma Heist: Over $3M in Digital Assets […]
The year 2023 has been a roller coaster ride for the cryptocurrency industry, with numerous security breaches shaking the confidence of investors and users alike. As the digital asset space continues to evolve, so do the tactics of cybercriminals, leading to substantial financial losses. Mixin Network’s $200 Million Blow Mixin Network, a decentralized network designed […]
In a startling revelation for the decentralized autonomous organization (DAO) community, Samudai, a blockchain project, has experienced a significant security breach. The DAO’s multisig wallets, including the personal wallet of its founder, Kushagra Agrawal, were compromised, leading to the loss of $1.25 million in funds. The exploit was initially flagged by onlookers observing a suspicious […]