Phishing Scam Costs MakerDAO Delegate $11M
MakerDAO delegate loses $11M in $aEthMKR and $PENDLE in a phishing scam. Scam Sniffer flagged the breach, showing the risks to key crypto figures. $300M stolen from 320K users in 2023. #CryptoSecurity
Crypto Security
Articles focusing on security measures, security breaches, preventive technologies, and best practices for safeguarding crypto assets.
BtcTurk Hack: Hot Wallets Compromised
? BtcTurk, a top Turkish crypto exchange, was hacked on June 22. Hackers accessed hot wallets and stole funds from 10+ cryptocurrencies. BtcTurk halted all transactions but assured most assets in cold wallets are safe. #CryptoSecurity
50 Cent Hacked in Fake Cryptocurrency Scam
50 Cent (@50cent) revealed his X account and website were hacked to promote a fake cryptocurrency called GUNIT. The scam aimed to exploit his influence for a pump-and-dump scheme, misleading followers and costing investors up to $20M. #CryptoScam
Ledger Alerts Users to Address Poisoning Scam
? @Ledger warns crypto users of an “address poisoning” scam. Scammers send small crypto or NFTs to trick users into copying fake wallet addresses, leading to fund losses. Be vigilant and ignore suspicious transactions. #CryptoSafety
1inch Enhances Security with Blockaid Partnership
? 1inch partners with Blockaid to launch 1inch Shield, a new security solution for DeFi. Supported by TRM Labs, it detects fraudulent tokens and monitors for illegal activities. Aims to set a new security standard in crypto, enhancing user trust. #DeFi #CryptoSecurity
Kraken Recovers $3M After Certik Bounty Fiasco
Kraken’s Chief Security Officer, Nick Percoco, confirmed the recovery of $3M after @Certik_io exploited a bug to withdraw funds, claiming it as a bug bounty. Kraken denounced it as extortion. The incident highlights the critical need for robust cybersecurity. #CryptoSecurity
Kraken Claims CertiK’s $3 Million Crypto Exploit
Kraken reports a $3M crypto withdrawal by @CertiK’s ethical hackers due to a critical bug, promptly fixed to secure client funds. Dispute arises over delay and compensation demands. Highlights need for clear protocols in #cryptocurrency security. #Update
Kraken Security Flaw Leads to $3M Hack
Kraken’s CSO, Nick Percoco, disclosed a $3M loss due to a funding system bug exploited in June. The issue emerged from a UX change allowing premature crediting of client accounts. #CryptoSecurity #Update
Bitcoin Heist: $1.6 Billion Crypto Theft Unveiled
In June 2011, Bitcoin user ‘allinvain’ lost 25,000 BTC ($1.6B today) to a hack, exposing the vulnerabilities of early crypto security. This major theft highlighted the critical need for strong security in the #Crypto world. #Bitcoin
Meta Faces Lawsuit Over Crypto Scam Ads
Australian billionaire Andrew Forrest’s lawsuit against @Meta proceeds. U.S. Judge denies Meta’s dismissal motion. Forrest alleges Meta allowed over 1,000 fraudulent crypto ads using his image, bypassing Section 230 defense. Significant implications for digital ad standards. #Update
Journalists Uncover Game Founders’ Secrets
Russian IT entrepreneur Eduard Gurinovich, Forbes’ 30 under 30, co-created the viral game Hamster Kombat on Telegram, combining gaming with blockchain. Launched two months post-domain registration, it enhances user engagement and promotes the TON blockchain. #Update
Bitcoin ETF Risks Highlighted Amid ASX Optimism
Australia’s securities regulator warns of the risks, volatility, and complexity of cryptocurrencies as ASX approves its first spot Bitcoin ETF. Investors advised to risk only what they can afford to lose. #BitcoinETF #Update @asic
Ripple CLO Slams Gensler’s Crypto Security Stance
Ripple’s CLO Stuart Alderoty criticizes SEC Chair @GaryGensler’s use of “crypto-asset securities” and urges crypto investors to vote. Mark Cuban and Senators Hagerty and Durbin also express concerns over Gensler’s stance. #CryptoRegulations #Update
Trezor Unveils Safe 5 Flagship Crypto Wallet #Security
? At BTC Prague 2024, @Trezor launched the Trezor Safe 5, a secure hardware wallet with a color touchscreen and Shamir’s Secret Sharing backup system. Available in July 2024 for $169. Personal consultations via Trezor Expert at $99. #CryptoSecurity