Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin
Over $45 million was lost to exit scams in May while exploits on DeFi protocols racked up less than half that amount over the same period. Go to Source Powered by WPeMatico
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Over $45 million was lost to exit scams in May while exploits on DeFi protocols racked up less than half that amount over the same period. Go to Source Powered by WPeMatico
The month was particularly bad for exploits, with the amount lost accounting for half of the total crypto exploited so far in 2023. Go to Source Powered by WPeMatico
Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting in the theft of $4.17 … Read more
SlowMist found that across 303 recorded blockchain security incidents in 2022, nearly a third were made up of phishing attacks, rug pulls and scams. Go to Source Powered by WPeMatico
Blockchain security firm Peckshield shared the stats on Halloween night, but also added the month saw $100 million in crypto returned. Go to Source Powered by WPeMatico
While projects cannot wholly prevent bad actors from infiltrating the DeFi realm, security specialists say there are ways to deter such practices. Go to Source Powered by WPeMatico
Decentralized finance is exploding. Its security is not. Here’s how to prevent millions more lost in DeFi. Go to Source Powered by WPeMatico
Former teen soap star from the popular television series “The O.C.,” Ben McKenzie, has called out his fellow celebrities for shilling specific cryptocurrency projects. McKenzie calls the trend a “moral disaster” and he’s named a bunch of celebrities that have shilled a few crypto projects to their loyal fans. ‘The O.C.’ Star Ben McKenzie Writes … Read more