? Indian crypto exchange WazirX hacked, losing $235M. Suspicious transactions detected by Cyvers, funds mixed via Tornado Cash. Blockchain detective ZachXBT traced attacker’s wallet holding $100M in $SHIB, $11.2M in $MATIC. WazirX pauses withdrawals. #CryptoSecurity
Indian crypto exchange @WazirX suffered a $230M security breach affecting $SHIB, $PEPE, $ETH, and $MATIC. Unauthorized transfers from a multisignature wallet led to asset dumps. Withdrawals paused to protect user funds. Highlights urgent need for enhanced crypto security measures. #CryptoSecurity
#Update Mt. Gox creditors report unauthorized login attempts on their accounts, sparking fears of a new Bitcoin hack. Despite these attacks, two-factor authentication (2FA) has protected many users. The exchange, in its distribution phase, holds $3.05 billion in BTC. Security measures like 2FA are crucial. $BTC
Blockchain security firm @ResonanceSec unveils Harmony, a tool to protect web3 sites from DNS and CDN manipulations. Harmony detects unauthorized changes in real-time using AI, helping crypto projects avoid cyberattacks. #CyberSecurity #Update
U.S. attorneys seize $2.5M in cryptocurrency from an international “pig butchering” scam. Originating in Thailand, the scam targeted American victims through fake romance and crypto schemes. FBI and Thai Royal Police collaborate to hold criminals accountable. #CryptoScam
? A new crypto scam involves fake “professors” offering investments via social media ads. Victims are led to bogus websites & groups on WhatsApp/Telegram, losing up to $300K. Beware of these tactics! @DFIWashington warns. #CryptoScam #Update
Washington State DFI exposes a fake business school cryptocurrency scam. Victims were coerced into taking loans and sharing personal info on WhatsApp and Telegram. One scam, Excellence and Innovation Fortune, defrauded $300,000. Stay vigilant in crypto investments. #Update #CryptoScam
Authorities in Hong Kong arrested three for scamming a businessman out of HK$3.11M in cryptocurrency by exchanging his USDT for counterfeit HK$1,000 notes. 10,978 fake banknotes seized. Suspects face up to 14 years in jail. #CryptoFraud
Scammers exploit crypto ATMs, stealing $120M in 2023, reports @OCCRP and @MiamiHerald. A 77-year-old woman lost $9K to a fake FTC agent. Most victims are 60+. Authorities push for tighter regulations and better tracking. #CryptoScams #Update
Victim of a $24M phishing attack recovers $9.3M in DAI after the scammer returned funds. The theft involved 9,579 $stETH and 4,850 $rETH tokens. #CryptoSecurity remains crucial with $290M lost to scams in 2023. #Update
Tether has frozen a Tron ($TRX) wallet with over $28M in USDT tied to Cambodian money laundering by Huione Group. Despite this, Huione still operates via other addresses. This highlights ongoing efforts to combat crypto fraud. #CryptoSecurity
?CoinStats, a top crypto portfolio app, faced a major hack on June 22, losing $2.2M in digital assets. Attackers accessed 1,590 wallets. CEO Narek Gevorgyan: No user data beyond financial losses compromised. Users should update passwords & enable 2FA. #CryptoSecurity
Bitcoin’s decentralized architecture fosters “decentralized antagonism,” ensuring consistent rules without centralized control, says Pierre Rochard, VP of Research at @RiotPlatforms. This model promotes diverse political dynamics and innovation, solidifying Bitcoin as “digital gold.” #Cryptocurrency #Update
Crypto expert Michal Pospieszalski urges a shift from traditional alphanumeric addresses to human-readable ones to boost security. Over $200M lost to hacks in Q1 2024 highlights the need for better protection. #CryptoSecurity #Update
