Solana-based Cypher developer confesses to gambling away $300K of user funds
The insider’s exploit went unnoticed for months, despite over 36 individual transactions. Go to Source
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WBTC thief returns $71 million worth of stolen funds
On-chain transactions leading up to the return suggest this wasn’t a white hat hacker but a malicious actor who intended to steal the funds before investigators got involved. Go to Source
Trader loses $68M in address poisoning scam
The attack caused the unknown trader to lose over 97% of their crypto holdings. Go to Source
April sees $25M in exploits and scams, marking historical low ― Certik
Losses from hacks and scams reached their lowest level since 2022 when Certik first started recording the data, as flash loan attacks and private key hacks decreased. Go to Source
SlowMist uncovers crypto scam exploiting altered Ethereum nodes
SlowMist Technology’s report stated that this type of scam exploits users’ trust and negligence, resulting in asset losses. Go to Source
DeFi’s ‘unknown and unpredictable’ risks curb institutional use — Fireblocks VP
Institutions are keen on DeFi, and its use among them is growing, but on-chain risks are hamstringing further adoption, says Fireblocks’ Shahar Madar. Go to Source
Crypto catfishers ditch fake exchanges for approval phishing scams
According to on-chain analytics firm Chainalysis, romance scammers increasingly use this method to steal their victim’s hard-earned crypto. Go to Source
IRS lists 4 crypto crimes among its top cases in 2023
The cases included investigations into the Silk Road marketplace, OneCoin, Oyster Protocol founder “Bruno Block,” and a money laundering scheme using Bitcoin kiosks. Go to Source
Hong Kong regulator blocks access to two crypto entities, warning of fraud
According to the securities regulator, misleading information online could encourage individuals to invest in an HKD token issued by HongKongDAO. Go to Source
US senators drill into FTC’s work to track AI attacks on older citizens
The senators asked the FTC chair four questions about AI scam data collection practices to find out if the commission can identify AI-powered scams and address them accordingly. Go to Source
