Crypto Hacks Surge $370M Stolen January
In January, $370M in crypto was stolen, mainly due to phishing scams, with one victim losing $284M. Technical hacks added $86M in losses. #Breaking #Crypto #Security
Hacks
Bitcoin: 80% Hacked Projects Fail Recovery
A worrying trend in crypto: nearly 80% of hacked projects never fully recover, primarily due to trust erosion, says Immunefi CEO. $BTC trading at $93,057. #Update #Crypto
Ethereum Exploit Hits Unleash Protocol for $3.9M
@UnleashProtocol suffered a $3.9 million loss due to a security breach, with funds routed through Tornado Cash. The platform has paused operations and advised users to refrain from interacting with its contracts. #Breaking #Crypto $ETH (-8) ↘
Upbit Covers 5.9B-Won Hack Losses
South Korea’s largest exchange, @Upbit, lost 5.9 billion won ($4M) in a hack, reimbursing users 38.6 billion won from reserves; authorities suspect North Korea’s Lazarus group. #Breaking #Crypto $UPBIT
Ethereum to Bitcoin: North Korean Hackers
North Korean hackers converted 417,348 $ETH into $BTC using THORChain, following a $1.4B hack on @Bybit_Official. Bybit CEO warns of critical weeks ahead for fund freezing. #Breaking #Crypto $ETH (-9) ↘
Bitcoin Hacker Admits SEC Account Breach
DailyHodl: Eric Council Jr. pled guilty to hacking @SECGov’s X account, falsely announcing Bitcoin ETFs, causing BTC price swings. He faces up to five years in prison. #Breaking #Legal $BTC (-8) ↘
Bitcoin Seized Returns to Bitfinex: $9B
The U.S. District Court for the District of Columbia has ordered that 94,643 $BTC seized from the 2016 Bitfinex hack be returned to @Bitfinex, marking a significant legal development in the crypto space. #Breaking #Legal $BTC (+9) ↗