First-Ever Conviction For Crypto Smart Contract Hacking: Nirvana Exploiter Sentenced To 3 Years |

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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 […]

Hacker Drains $5.6M In Crypto From Data Storage Platform

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Yesterday, the crypto community saw an attack on one of Serenity Shield’s Metamask wallets, resulting in the theft of over 7 million SERSH tokens. As a result, the token’s price significantly dropped, and the holders showed concern about the platform’s future. $5.6M In Crypto Stolen From Hot Wallet Serenity Shield, a data storage solution platform, […]

Crypto Gaming Platform PlayDapp Hit By Double Exploits, Losing $290 Million In Massive Breach |

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Crypto gaming platform PlayDapp has been the victim of a series of breaches, resulting in the loss of millions of dollars worth of PLA tokens. Blockchain analytics firm Elliptic has reported that the breaches have led to the theft of PLA tokens valued at $290 million, based on their market value at the time of […]

$4.2 Million In Stolen XRP Recovered By Binance Team

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On Wednesday, the news of a 213 million XRP exploit shocked the Ripple community as speculation of a security breach in the security of the payment firm. Later details provided by Ripple executives clarified that the company did not manage the compromised accounts. In a recent development, leading crypto exchange Binance has identified and frozen […]

CFTC Issues Warning On AI-Driven Crypto Scams Exploiting Arbitrage Trading Strategies |

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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 […]

Alarming Crypto Theft: North Korea-Linked Lazarus Group Accounts For 20% Of 2023’s Losses |

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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 […]