In an interesting turn of events, Bitfinex chief technology officer (CTO) Paolo Ardoino has dismissed rumors of the exchange being involved in a large-scale data breach. This came in response to claims of a significant security breach by the hacking group FSOCIETY a little over a week ago. On April 26, FSOCIETY claimed on its […]
After orchestrating a series of hacks on two decentralized cryptocurrency exchanges (DEXs) that stole more than $12 million worth of crypto, former security engineer Shakeeb Ahmed was sentenced today to three years in prison, this is the first-ever smart contract hacking conviction in the US. Ahmed was also ordered to forfeit the stolen crypto and pay […]
Scams and hacks have been some of the most significant issues affecting the crypto industry over the past few years. As a result, the space has seen the birth of several blockchain investigators striving to ensure the digital asset space is safe for everyone to go about their business with ease and confidence. ZachXBT, one […]
CFTC Issues Warning On AI-Driven Crypto Scams Exploiting Arbitrage Trading Strategies | Bitcoinist.com
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In a recent consumer alert, the Commodity Futures Trading Commission (CFTC) warned about the proliferation of scams leveraging artificial intelligence (AI) to lure unsuspecting individuals into fraudulent crypto investment schemes. Specifically, these scams exploit the growing interest in cryptocurrency arbitrage trading by making “audacious claims” of generating outsized profits through AI-powered algorithms. AI-Driven Crypto Investment […]
NFT Trader, a peer-to-peer non-fungible token trading platform, has suffered a set of multiple exploits leading to multi-million dollar losses in users’ assets. The incident occurred on December 16, with the bad actors carting away $3 million worth of tokens, including 13 Mutant Ape Yacht Club, 37 Bored Ape, some VeeFriends, and World of Women […]
Alarming Crypto Theft: North Korea-Linked Lazarus Group Accounts For 20% Of 2023’s Losses | Bitcoinist.com
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Crypto, crypto exploit, crypto hack, crypto hackers, crypto hacks, Crypto News, Cryptocurrency, DeFi, digital currency, Lazarous Group, Lazarus, Lazarus Group, Lazarus Hackers, North Korea Cybercriminals, North Korea hackers, North Korean cryptocurrency hackers, North Korean hackers, The Lazarus Group
The Lazarus Group, a hacker organization linked to North Korea, has been responsible for crypto hacking incidents resulting in over $300 million in losses in 2023. This accounts for approximately 17.6% of the total losses incurred throughout the year. According to a Fortune Magazine report, despite a decline in major crypto hacking incidents globally, North […]
Bitcoin has taken center stage in a concerning development involving video game developer Insomniac Games, recognized for its highly acclaimed Marvel’s Spider-Man series. Reports indicate that Insomniac Games has fallen victim to a hacking incident, with the hacking group Rhysida demanding a ransom of 50 Bitcoin (equivalent to approximately US$2 million). Rhysida has threatened to leak […]
Cryptocurrency exchange HTX (formerly Huobi) has disclosed the recovery of the crypto funds stolen by a hacker in late September. The crypto company has also honored its 5% white hat bonus offer to the hacker after reclaiming the looted funds. On September 25, the HTX exchange succumb to a vulnerability, and 5,000 ETH were drained […]