THORChain Founder Loses $1.35M After Deepfake Zoom And Telegram Scam
A co-founder of THORChain had roughly $1.35 million taken from a forgotten MetaMask wallet after attackers used a hacked Telegram account and a fake Zoom meeting to gain access to his stored keys, according to reports. The theft was first flagged on-chain and later confirmed by multiple news outlets and investigators. Related Reading: Vietnam To […]
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The authorities in South Korea have been scaling up their efforts to combat the rampant increase of deepfake videos, particularly explicit material targeting women and teens. Related Reading: Blockchain Titans Unite: $100K Fundraiser For Kamala Harris In The Works How far this investigation of the Telegram messaging platform marks that step remains to be seen. […]
Deepfake videos victimize all kinds of individuals. That includes influential people like Elon Musk. A new scam involving a Deepfake video of Musk spreading an investment opportunity that happens to be a dodgy or illegal crypto trading platform has gone viral. Crypto scams have been mushrooming quickly on Twitter, such as with the hacked account […]
The ThorChain network remains halted after the protocol suffered a hack in which the perpetrator is estimated to have made off with $7.6 million in crypto assets. Popular cross-chain decentralized exchange, ThorChain, has suffered a multimillion-dollar breach.Estimates as to the scale of the damage vary, with ThorChain revising the initial estimate that 13,000 ETH (worth $25.1 million) had been stolen down to 4,000 ETH (roughly $7.6 million) as a ballpark for damages. At this stage the estimate is around ~4000 ETH worth of assets (ETH/ERC20) was taken, not 13k ETH. More detailed assessment....
Just recently, Shapeshift founder and CEO Erik Voorhees published a blog post about a new project called Thorchain, a protocol that allows for decentralized exchanges without wrapping or bridging technology commonly used today. Thorchain launched on April 13, 2021, and the Shapeshift founder recently revealed his company is the first to leverage the multi-chain protocol in order to provide decentralized swaps in a noncustodial fashion. Shapeshift Leverages Thorchain for Multi-Chain Unwrapped Swaps Back in September 2018, the popular trading application Shapeshift changed its business model....
A leaked Telegram discussion by 50 so-called crypto influencers has exposed the extraordinary steps they take in order to profit on the back off unsuspecting defi investors. According to a leaked screenshot of the chat, an elaborate plan to defraud defi investors using the worthless “$Few” tokens had been hatched. $Few tokens would be airdropped to some of the influencers who in turn promoted these to unsuspecting followers on Twitter. Once the “new flash mob project” gained traction, members of this conspiracy planned to sell the “airdropped” tokens to....