The frequency of kidnap and ransom attempts on prominent cryptocurrency executives has skyrocketed in recent years. Referred to, perhaps crudely, in the crypto community as a “$5 wrench attack,” these attempts to…
A Texas man found guilty of helping orchestrate a cryptocurrency scam project that defrauded $20 million from nearly 1,000 investors has been sentenced to 23 years behind bars by a US judge on Tuesday. US District Judge…
A Brazilian security researcher has warned others of the latest counterfeit Ledger device scam aimed at stealing users’ crypto. Posting as “Past_Computer2901” on the “ledgerwallet” Reddit channel on Thursday, the…
The Ketman Project, funded by an Ethereum Foundation stipend, identified 100 North Korean IT workers and alerted about 53 projects employing DPRK operatives. The Ethereum Foundation said it funded a six-month project…
At least 12 DeFi protocols and crypto businesses have been attacked in just over two weeks since the $280 million Drift Protocol exploit on April 1. Attacks aimed at crypto protocols or companies since the start of…
Sanctioned crypto exchange Grinex said it has suspended trading after losing more than 1 billion Russian rubles ($13.7 million) to an attack bearing signs of involvement by foreign intelligence agencies. The exchange…
Circle Internet Group is facing a class action lawsuit led by a Drift Protocol investor claiming it failed to freeze funds stolen in a $280 million exploit of the protocol on April 1. The lawsuit was filed by Drift…
Crypto exchange Zonda said a cold wallet holding around 4,500 Bitcoin is currently inaccessible as the platform faces concerns over delayed withdrawals. Zonda CEO Przemysław Kral posted a video statement on Thursday…
The Drift Protocol will use the $150 million to relaunch and restore user funds following a $280 million exploit earlier in April. Stablecoin issuer Tether, the company behind USDt (USDT), said Thursday it will back a…
Hyperbridge said the April 13 exploit of its Token Gateway was about 10 times worse than first reported, raising its estimate of realized losses to roughly $2.5 million after initially putting the figure near $237,000…
BitMEX Research has proposed an alternative to freezing quantum-vulnerable dormant Bitcoins, advocating a wait-and-see approach and a “canary fund” with a quantum bounty instead. BitMEX Research proposed a soft fork on…
Crypto wallet Zerion revealed that North Korean-affiliated hackers used AI in a long-term social engineering attack to steal about $100,000 from the company’s hot wallets last week. The Zerion team released a…