04 May 2022

Crypto Cons: Scammers Make a Killing off War in Ukraine

The war in Ukraine is a global tragedy that has taken thousands of lives, with no end in sight. But for various groups of high-tech scammers, the grisly conflict has been a goldmine. With over $900 million raised by Ukraine and Ukrainian charities since Russia’s February 24 invasion began, fraudsters from

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03 May 2022

Why The DeFi Sector Has Seen $1.57B In Exploits And Already Exceeds 2021 Record

Per a report from blockchain security firm Peck Shield, the DeFi sector has been under attack with a profitable season for bad actors. The total amount extracted from different crypto projects has already surpassed the total recorded last year. The security firm claims that around $1,57 billion have been obtained

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02 May 2022

Crypto Hackers Stole More Than $370 Million In April Alone

In April alone, hackers stole more than $370 million in crypto from several web3 projects, according to a cybersecurity firm, with nearly $100 million being stolen over the weekend. In the last month, there were 31 hacks affecting crypto or web3 projects, including Beanstalk, Fei Protocol, Deus Finance, and Bored Ape

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28 Apr 2022

Intuit Sued After Hackers Stole Crypto from Customers

A class-action lawsuit was filed against Intuit, a software company, after its email marketing service was hacked and cyber criminals stole cryptocurrencies from Trezor users. The hackers deployed a phishing attack on March 26 and gained entry into the crypto wallets that are sold by Trezor, a Czech company, according to

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27 Apr 2022

Four Crypto And Blockchain Phishing Scams To Be Aware Of Before You Get Excited About Web3

The internet’s latest iteration is Web3, a form of blockchain-based decentralized network being hailed by tech giants, blockchain enthusiasts and crypto communities as something that will revolutionize computing in the foreseeable future. While it remains to be seen what exactly Web3 will develop into, early applications like cryptocurrencies and NFTs

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27 Apr 2022

Crypto Hacker Simply Burns $1M In Stolen Funds

Typically, crypto hacks are straightforward enough: find a vulnerability in a project or its code, exploit it, and profit. Last week, a hacker somehow screwed up the third step and after swiping $1 million worth of crypto left it permanently inaccessible.The target was ZEED DeFi protocol, which runs on the

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26 Apr 2022

A bunch of Bored Apes were stolen again, but don’t blame Web3 for it

It’s happened again. Scammers struck the Bored Ape Yacht Club (BAYC) universe and stole some tokens. But, don’t worry, you can’t blame web3 for it. Nope. Not at all. Hackers used good old web 2.0’s trick of hacking the project’s Instagram, and luring people to click on unsolicited links. Here’s

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25 Apr 2022

NY State Senator’s Bill Builds Legal Framework to Prosecute Crypto Crimes

Kevin Thomas, a New York state senator, has introduced a new bill amendment that would establish some offenses related to rug pulls and other frauds with virtual tokens as official crimes, a report says. The bill, SB S8839, would call for defining, penalizing and criminalizing frauds targeted at developers and projects

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