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 […]
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