Articles focusing on security measures, security breaches, preventive technologies, and best practices for safeguarding crypto assets.
WazirX hacker launders $10M via Tornado Cash. Cyvers reports 5,000 ETH moved to a new wallet, mirroring Lazarus Group tactics. WazirX allows 66% INR token withdrawals amid restructuring and user discontent.
Hypernative secures $16M in Series A funding led by Quantstamp to enhance Web3 security. Their AI-driven solutions have saved clients over $100M and identified 99.5% of hacks. Plans include expanding global operations and workforce.
Hacker behind WazirX breach launders $6.5M in ETH via Tornado Cash. The wallet still holds 61.1 ETH ($152,700). North Korean Lazarus Group suspected in the $235M breach. Highlights ongoing crypto vulnerabilities and need for heightened security.
SEC warns FTX against repaying creditors in cryptocurrencies, citing legality concerns. Coinbase’s Chief Legal Officer criticizes the lack of clear guidelines. FTX plans to distribute $14B-$16B to creditors despite regulatory hurdles. Clear guidelines needed.
Ukrainian entrepreneur loses $250K in $USDT to scammers posing as police. The culprits accused the victim of treason and coerced a transfer. Ukrainian authorities arrested the fraudsters, seizing luxury assets and fake IDs.
Justin Bons raises concerns over $ETH Layer 2, citing centralization and downtime risks. He argues that scalable Layer 1 blockchains could ensure better security and decentralization. This debate may shape future blockchain scalability strategies.
TeraWulf ($WULF) unveils a 2 MW Bitcoin mining facility using advanced liquid cooling technology and plans to expand to a 20 MW facility by 2024. They are exploring partnerships with @Apple and @Microsoft, eyeing $14 billion in AI sector opportunities.
Pig butchering scams are on the rise in 2024, with cybercriminals shifting to shorter, targeted attacks. The average scheme duration has dropped to 42 days, and organizations like KK Park reportedly earned $101.22M this year. Stay vigilant.
Kamala Harris faces backlash over support for Biden’s 44.6% capital gains tax and 25% tax on unrealized gains, with crypto leaders questioning her pro-crypto stance. Critics argue the policies harm U.S. businesses and innovation. #Economy #Crypto
Trader loses $55.4M in $DAI to sophisticated phishing attack via Inferno Drainer exploit. Hacker transferred Maker vault ownership and minted 55M+ DAI tokens before Inferno Drainer’s service discontinuation, highlighting urgent need for enhanced crypto security measures.
Drift launches BET on the Solana blockchain, allowing users to stake over 30 cryptocurrencies like $USDC and $SOL while earning yield. BET features “structured bets” for hedging predictions and a rewards system called FUEL. #crypto #Solana
Malaysian police arrest seven for Bitcoin mining power theft, confiscating 52 devices worth $57K. Authorities report $777M in stolen electricity over five years, underscoring the need for stricter regulations. Regional trend mirrors incidents in Indonesia.
Nigeria to implement balanced crypto tax law in September 2024. The regulation aims to tax crypto companies and protect Nigeria’s financial system, while controversy with $BNB over alleged financial misconduct intensifies. #Crypto #Nigeria #Finance
? Massive $238M Bitcoin theft rocks crypto community. 4,064 $BTC stolen, moved across platforms like $THOR, $KCS, and Avalanche Bridge. Despite speculation, sleuth ZachXBT dismisses Lazarus Group involvement. 2024 sees crypto scam losses soar 293%, totaling $1.5B.
