Crypto Hacks Surge: $19M In Ethereum Grab by Infamous Wallet Raises Alarming ...
A crypto wallet connected to the notorious $300 million Coinbase hack has reappeared with another suspicious move on the Ethereum blockchain. Related Reading: UAE Steps Up Global War On Crypto Crime – Details Over the weekend, the address acquired 3,976 ETH worth approximately $18.9 million, according to on-chain data from Arkham Intelligence. The purchase was […]
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While 2021 was the biggest year on record for crypto hacks, 2022 could “likely” beat the record “at this rate” according to Chainalysis. Blockchain analytics firm Chainalysis has labeled October 2022 as “the biggest month in the biggest year ever for hacking activity” with the total hacked value for the month nearly reaching $718 million.Despite not being more than halfway through the month, Chainalysis said 11 different hacks on decentralized finance (DeFi) protocols had seen hundreds of millions exploited.Four exploits alone took place on Oct. 11 worth around $122 million. Hackers....
For Dave Bitcoin, the alias of the software architect that hacks people’s cryptocurrrency passwords, the price surge of Ethereum’s blockchain token ether has generated a significant amount of work; work that wouldn’t have been steered his way without his focus on developing trust. And just to be clear, Dave Bitcoin hacks people’s passwords with their permission. He runs the website Wallet Recovery Services, which recovers people’s lost or forgotten passwords by brute force decryption – that is, using a computer program to try millions of passwords in a short amount of time. He provides the....
Li Finance smart contract contains a bug that the hacker exploited to access and steal the user’s money. We learned that this amount came from 29 users’ wallets, and since it happened yesterday, the protocol has reimbursed some of the money. One of the alarming trends in the crypto sector is exploits, hacks, and attacks […]
The recent surge in DeFi makes the industry is an attractive target for hackers. Cryptocurrency-related crimes have slowed down in 2020, but some sectors within the crypto industry have become a new hotbed for criminal activity, a new report says.Citing major crypto analytics firm CipherTrace, Reuters reported on Nov. 10 that total losses from crypto thefts, hacks and fraud dropped from $4.4 billion in 2019 to $1.8 billion over the first 10 months of 2020.CipherTrace CEO Dave Jevans said that the general decline of criminal activity in the crypto industry is a result of increased security....
The skills shortage from Web2 to Web3 continues with the disclosure of a senior executive leaving food-delivery Grab to join a blockchain gaming company. According to a Bloomberg report on Wednesday, Wui Ngiap Foo — the head of technology at Asian ride-hailing app Grab — is quitting to lead a metaverse game company. Foo was […]