? Major DNS hack hits multiple DeFi protocols, including @CelerNetwork & @compoundfinance. Security experts warn 11 platforms, like Pendle Finance & THORChain, are at risk. Users advised to avoid DeFi dapps until threat is mitigated. #CryptoSecurity
Mastercard partners with @AlchemyPay to combat identity fraud in crypto payments using advanced machine learning. Alchemy Pay, valued at $400M, supports over 300 payment channels. This move highlights the importance of secure crypto transactions. #CryptoSecurity
? The UK’s Solicitors Regulation Authority warns of a scam where fraudsters impersonate lawyers, demanding Bitcoin payments via fake emails. Verify legal communications through official channels to avoid falling victim. #CryptoScam #Update
Compound Finance’s website, backed by @coinbase and @a16z, was hijacked, redirecting users to a phishing domain. Blockchain sleuth ZachXBT highlighted the issue, stressing the need for robust security in #DeFi. #Update
On July 9, 2024, the hacker behind the CoinStats breach moved 548.2 ETH ($1.69M) to Tornado Cash. Two wallets, known as CoinStats Exploiters, transferred the funds in two transactions. This incident highlights the urgent need for improved crypto security. #CryptoAlert
Crypto exchanges @krakenfx and @coinbase, along with blockchain firms like Fireblocks, have formed the Blockchain Security Standards Council to tackle security threats. The council aims to develop uniform security standards by 2024. #CryptoSecurity #Update
Investors sue @BitwiseInvest for $2M over alleged securities fraud in the Bitwise 10 Crypto Index Fund. Claims include a pump-and-dump scheme and misleading info about buyback options. The Mukamal family reportedly lost $2M. Bitwise denies the charges. #Crypto #Update
Countries like the Bahamas, Nigeria, China, and Jamaica have launched central bank digital currencies (CBDCs), but adoption remains low. Only 3 out of 134 countries have fully launched CBDCs, with privacy concerns and technical divides hindering widespread usage. #Update
Hexagate and @eOracle launch the first decentralized ML-based security protocol, enhancing $ETH DeFi security without compromising decentralization. Utilizing AVS and re-staked ETH, it acts as a ‘DeFi Firewall’ backed by 120,000 stakers and 110 validators. #Update
The U.S. Senate urges the @DeptofDefense to explore blockchain for national security via the NDAA 2025. By April 1, Defense Secretary Lloyd Austin must report on its potential to enhance logistics and cybersecurity. #Blockchain #Update
Coinbase users report a surge in scams, with one user losing $1.7M after disclosing part of their seed phrase to fraudsters posing as Coinbase employees. This highlights the need for vigilance and stronger security in the crypto space. #CryptoSecurity #Update
A Woori Bank employee in Gimhae, South Korea, was arrested for embezzling $15M by falsifying loan documents and investing in cryptocurrencies. Authorities have frozen $3.2M in assets. South Korea boosts crypto market oversight from July 19. #Fraud #Update
? Scammers posing as @Coinbase employees drained $1.7M from a user’s crypto wallet by tricking them into sharing their private key. Even partial key phrases can be exploited. Stay vigilant! #CryptoSecurity #Update
Former Northern Data execs Joshua Porter & Gulsun Kama sue for securities fraud & tax evasion, alleging retaliation for whistleblowing. They claim Northern Data misled investors & dodged taxes. This lawsuit could impact the $16B IPO plans. #Update #CryptoNews
