One of crypto investing’s biggest hurdles is convincing investors that it's safe. Safety is especially relevant for investing in bitcoin and other crypto assets, which are by nature bearer assets with …
Blockchain Game The Sandbox Warns of Phishing Email After Security Breach
Blockchain-based game The Sandbox said a phishing email has been sent to some users as a result of a security breach. An unauthorized third party gained access to an employee's computer and used it to …
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Hackers Siphon More Than $20M From DeFi Platforms in February
Bad actors have conducted several attacks on the DeFi market in recent weeks. Over $20 million has been stolen so far in 2023 as these entities continue to target vulnerable platforms. DeFi continues …
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Security team creates dashboard to detect potential NFT hacks in OpenSea
A wallet security team released a real-time dashboard that lets community members detect, track and monitor potential nonfungible token (NFT) hacks using offline signatures in the OpenSea …
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Lessons From Proof Founder Kevin Rose’s $1.4M NFT Phishing Experience
Kevin Rose, the CEO and founder of Proof, fell victim to an apparent phishing attack, with his hacked wallet estimated to have held rare NFTs worth millions. After the theft, Rose worked with OpenSea …
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Crypto scammers feel the chill: Revenue drops 46% in 2022 — Chainalysis
Crypto scam revenue was slashed by almost half in 2022 due mainly to falling crypto asset prices, but two scam types managed to stay immune. Crypto scam revenue in 2022, which includes investment …
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OpenSea serves as an example of why crypto security must improve
In February 2022, OpenSea fell prey to a major phishing attack that resulted in over $1.7 million in nonfungible tokens (NFTs) being stolen from users. It wasn’t the only incident: Blockchain users …
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Logan Paul Faces ‘Rug Pull’ Class-Action Lawsuit Over CryptoZoo NFTs
Famed internet personality Logan Paul and NFT project CryptoZoo have been accused of engaging in a “rug pull” in a new class-action lawsuit. Announced in September 2021, CryptoZoo was marketed as an …
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Cryptocurrency and state legislation: the current state of crypto state taxes in 2023
Questions regarding the taxation of cryptocurrency (crypto) can be complicated. Although the IRS addresses crypto transactions for federal income tax purposes, many states have not yet provided any …
Bean obsessed crypto-weeb community harvested for $2.74m in cryptocurrency NFTs
Another installment in the series of life affirming Web3 downfalls, over $1.74 million has been robbed from unsuspecting, would-be cryptocurrency investors after the Azuki NFT anime world's Twitter …