Liquid Network Discloses $405 Million Federation Wallet Incident
Roughly 4,000 of the 4,200 BTC held in a federation reserve wallet moved out on 7 September. The design question it raises is older than the incident.
Security
200,000 AI Decoys Waste Scammers' Time
Australian tech firm Apate deploys a vast array of AI-bot characters worldwide that play the role of gullible scam victims to waste millions of hours of con artists’ time each month. Hilariously, one of the company’s…
DefiLlama delayed app launch over App Store phishing impersonators
DefiLlama delayed the launch of its mobile app while it spent months trying to get Apple to remove phishing apps from its App Store that impersonated the analytics provider, according to the company’s pseudonymous…
Bitcoin ETFs See Inflows as Coldcard Hack Rekindles Custody Debate
US-listed spot Bitcoin exchange-traded funds (ETFs) are attracting fresh capital as a high-profile cryptocurrency custody incident puts renewed focus on digital asset security. Spot Bitcoin ETFs recorded $211.5 million…
Brazilian Police Bust Cartel Laundering Billions Through Crypto
Brazilian police bust cocaine traffickers in crypto-linked transnational probe Brazilian police suspect the group of shipping around 6.5 metric tons of cocaine and laundering billions in Brazilian reals through…
Balance Coin Plummets 99% After $915K Exploit
Update July 22 at 4:37 am UTC: The article has been updated to include additional information from Slowmist about the exploit method. Balance Coin, an algorithmic stablecoin designed to maintain a peg to the US dollar…
OkoBot Malware Framework Targets Crypto Investors and Developers
Kaspersky has uncovered a new malware framework targeting cryptocurrency investors. Dubbed “OkoBot,” the malware initiates an infection chain that starts with social engineering tactics such as ClickFix, which tricks…
Thailand Audits USDT to Curb Gray-Market Finance
Thailand’s central bank is stepping up stablecoin surveillance in an effort to crack down on money laundering, illicit finance and “gray money” in the country. The Bank of Thailand is working with the Kingdom’s…
Director Sentenced 30 Months for $11M Netflix Fraud
Hollywood director Carl Rinsch has been sentenced to two and a half years in prison for defrauding Netflix out of $11 million, which he spent on crypto, stocks and luxury goods. A Manhattan federal court on Monday…
SEC Wins $5.4M Judgment Against NanoBit Crypto Fraud
The US Securities and Exchange Commission has won its fraud suit against crypto platform NanoBit Limited, nearly two years after the agency accused it of stealing hundreds of thousands of dollars from at least 18…
Jaredfromsubway.eth MEV Bot Drained of $7.5M
One of the most successful MEV bots in crypto, Jaredfromsubway.eth, has been drained for more than $7.5 million, with an attacker exploiting the bot’s automated systems, the same ones that have netted it hundreds of…
Anthropic Audit Finds No Major Zcash Protocol Vulnerabilities
Zcash founder Zooko Wilcox said a security audit by Anthropic's Claude Mythos artificial intelligence model found no serious vulnerabilities in the privacy-preserving cryptocurrency's protocol. Requested by Shielded…