After the digital asset boom in 2021, the market has reversed course this year as investors shed positions in cryptocurrencies and NFTs amid a broader bear market and a slate of high-profile …
How crypto giant Binance became a hub for hackers, fraudsters and drug traffickers
In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual currency worth some $5.4 million. It was one of a string of cyber heists …
Reports show scammers cashing in on crypto craze
From Super Bowl ads to Bitcoin ATMs, cryptocurrency seems to be everywhere lately. Although it’s yet to become a mainstream payment method, reports to the FTC show it’s an alarmingly common method for …
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A $90 million DeFi exploit on Terra went unnoticed for seven months
Mirror Protocol appears to be under attack and may have already lost as much as $2 million. The frequency of DeFi hacks has made them almost commonplace in the cryptoverse. However, what is certainly …
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Everything You Need to Know About Crypto Insurance
Cryptocurrency is the most exciting and unpredictable financial frontier in today’s world. The opportunities for crypto-based businesses are enormous, but so are the attendant risks. Protecting you …
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Sen. Gary Peters Issues Report on Use of Cryptocurrency in Ransomware Attacks
Sen. Gary Peters, D-Mich., chairman of the Senate Homeland Security and Governmental Affairs Committee, has released a report saying the federal government lacks sufficient information on ransomware …
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Whistleblower claims DoKwon, Kanav Kariya and Sam Bankman-Fried were involved in Terra’s LUNA and UST collapse
Whistleblowers from the Terra community have made allegations that some of the most prominent figures in the cryptocurrency industry, like FTX CEO Samuel Bankman-Fried and Jump Crypto CEO Kanav …
These are the flaws that let hackers attack blockchain and DeFi projects
The number of decentralized finance (DeFi) and blockchain projects grew massively during the past year, but their increased popularity has also piqued the interest of cyberattackers – who managed to …
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Multiple NFT Projects Attacked After Commonly-Used “Mee6” Discord Bot Hacked
A Discord bot widely used by NFT projects, most notably the very popular (and very recently breached) game Axie Infinity, was compromised leading to scam messages being passed to users. A hack of the …
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Collapse of Luna cryptocurrency leads to $11 million exploit on Venus Protocol
Venus Protocol, a decentralized money market, announced on Thursday evening that about $11 million had been lost due to people exploiting the historic collapse of the Luna cryptocurrency and its …