Crypto and Web3 projects experienced a 153% increase in attack incidents from July to September 2023 compared to the same period in 2022, according to a report from blockchain security platform Immunefi. In Q3 2022, there were a total of 30 attack incidents, but this number rose to 76 in Q3 2023. Nearly $686 million […]
Alex Mashinsky, former boss of the now-defunct crypto lending firm Celsius, is set to begin his criminal fraud trial on September 17, 2024. US District Judge John Koeltl confirmed the news during a hearing on Tuesday, adding that there will be three pretrial conferences in March, July, and September. Mashinsky is currently free on $40 […]
The social media account with the username @satoshi has recently broken its silence on X, sparking curiosity and speculation within the cryptocurrency community. The account, attributed to the individual or group behind the creation of Bitcoin, has committed to exploring additional important issues about Bitcoin, left out of the original whitepaper.The cryptocurrency community has reacted […]
TYRION, a decentralized advertising platform, has announced its strategic move to build its platform on Coinbase’s Base Chain. This move is intended to leverage cutting-edge technology to offer unparalleled advertising solutions, anchored in transparency, efficiency, community incentivization, and innovation. Base Chain is renowned for its robust scalability, security, and efficiency, and aligns seamlessly with TYRION’s […]
Binance, the Cyber Crime Investigation Bureau (CCIB) of the Royal Thai Police, and the United States Homeland Security Investigation (HSI) have collaborated to take down a crime ring responsible for conducting a pig butchering crypto scam in Thailand. The operation, code-named “Trust No One,” led to the arrest of five alleged key syndicate members and […]
Immunefi, the leading bug bounty and security services platform for web3, published its Crypto Losses in Q3 2023 Report. According to the report, the crypto industry lost a total of $685,510,444 in Q3 of 2023, bringing the total losses across the ecosystem to $1,388,475,506 YTD. The number of single incidents increased 153% YoY from 30 […]
CoinW, a distinguished player in the digital trading arena, has unveiled its refurbished wallet security architecture. This decisive step is in alignment with CoinW’s commitment to fortify its promise of providing its users with a secure trading milieu. The enhancement process amalgamates the prowess of the Multi-Party Computation (MPC) paradigms and the HyperMate hardware wallets.MPC […]
Friend.Tech, a platform for Ethereum users, has recently come under scrutiny due to a wave of reported compromised accounts and the subsequent loss of funds through SIM-swap attacks and hacks. Victims of the attacks have reported losing a total of 28.5 ETH, worth around $50 million. SlowMist founder Cos has expressed concern over the platform’s […]
Binance, the world’s leading blockchain ecosystem and digital asset infrastructure provider, recently assisted the Royal Thai Police in two major operations to dismantle criminal networks engaged in crypto scams. In the first operation, codenamed ‘Trust No One’, Binance’s Investigations team worked closely with the U.S. Homeland Security Investigation (HSI) and the Cyber Crime Investigation Bureau […]
Silvergate Bank, a crypto-friendly institution, collapsed this year due to its over-dependence on risky crypto deposits and nepotism that led to ineffective management, according to the Federal Reserve’s Office of Inspector General. In 2013, the bank changed its strategy to focus on customers engaged in crypto activities, leading to rapid growth from $1 billion to […]
