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Crypto exchange Binance says it has protected over $2.4 billion from scams and fraudulent activities this year, safeguarding more than 1.2 million users worldwide. The exchange’s AI-driven and manual risk management system identified and blocked suspicious transactions, particularly during crypto withdrawals, where $1.1 billion in scam-related activities were thwarted, Binance explained. $2.4 Billion Saved, Says … Read more
BitGo recently announced a new venture to diversify its Wrapped Bitcoin custodial locations, and Justin Sun’s involvement has caused concern for some. Go to Source
Binance’s proactive security measures and industry collaborations lead to the recovery of $73 million in stolen funds by mid-2024. Go to Source
This breach and subsequent laundering activity highlight the ongoing risks faced by centralized exchanges, even those with robust security measures. Go to Source
CoinStats reveals an employee-targeted social engineering attack behind the hack affecting 1.3% of wallets. Go to Source
The Cybersecurity and Infrastructure Security Agency (CISA) warns of a surge in impersonation scams targeting crypto investors. Go to Source
Google Cloud’s report exposes North Korean cybercriminals targeting Brazil’s cryptocurrency and fintech sectors with sophisticated malware and phishing schemes. Go to Source
The decentralized exchange aggregation service 1inch Network has announced the launch of a cold storage hardware wallet. The team notes that the project is in its final stages of development. The hardware wallet, expected to go on sale later this year, features a 2.7-inch e-ink grayscale touch display and it does not require a wired … Read more
New infected Rubygems packages have been spotted in its open-source software repository and which contained malicious code mainly used to steal cryptocurrencies from users via supply chain attack. Two Cryptocurrency-Stealers Rubygems Detected by Researchers at Sonatype According to Ax Sharma, a security researcher at Sonatype, the two gems detected — pretty_color and ruby-bitcoin — had … Read more
