Truflation hack on Sept 25 resulted in over $5M in losses. White hat hackers are incentivized to assist with the investigation and improve security protocols. Despite the breach, Truflation confirms client funds and staked assets remain secure.
OpenAI’s @Press account was hacked to promote a scam token named $OPENAI, involving a phishing link that compromised user security. This breach highlights the increasing sophistication of cyber-attacks in the crypto sector and underscores the need for enhanced cybersecurity measures.
New York’s William Koo Ichioka fined $36M for cryptocurrency fraud. He misused client funds on luxury expenses and is banned from trading on CFTC-regulated markets. This highlights the need for stronger investor protections in crypto.
BingX hacked, losing over $43.2M according to PeckShield. Withdrawal ops suspended for 24hrs. Product Director Vivien Lin confirms minor losses, hot wallet targeting. Cyvers estimates losses at $52M, underscoring need for enhanced crypto exchange security.
CertiK Ventures invests $45M to enhance Web3 security. The initiative aims to support high-potential projects, leveraging CertiK’s blockchain security expertise and partnerships with major networks like @Ripple and @Binance.
Seattle-Tacoma Int’l Airport hit by cyberattack; Rhysida Ransomware Group demands $6M in Bitcoin. FBI leads investigation; airport ops minimally disrupted. Data extent unclear, but some files published on dark web. Airport refuses ransom.
Hackers breached the X accounts of Neymar, Oliver Stone, and others to promote the scam token $HACKED, netting only $8000. Speculation arises over possible links between the account owners and hackers. Security in the crypto space remains a critical issue.
Vitalik Buterin discusses AI risks and crypto synergy. Highlights include decentralized AI models for security, potential applications in medicine and education, and using cryptocurrency to fund open-source AI, fostering a decentralized and ethical tech landscape.
DeltaPrime liquidity protocol lost $5.9M in a sophisticated hack, compromising DPUSDC, DPARB, and DPBTCb pools on Arbitrum. Security experts suspect North Korean hackers using forged documents. Estimated losses could reach $7M, highlighting crypto vulnerabilities.
Justin Bons, founder of Cyber Capital, alleges Tether is a $118B scam, surpassing FTX and Madoff. He criticizes $USDT for lack of transparency and warns its collapse could be disastrous, urging the crypto community to avoid it.
$USDC issuer Circle accused of profiting from North Korean Lazarus Group transactions. Circle allegedly delayed blacklisting wallets by 4.5 months, unlike other stablecoin issuers. The group was involved in a $20M hack on Indodax.
CFTC teams up with the American Bankers Association Foundation and SEC’s Investor Education Office to combat “pig butchering” crypto scams costing Americans billions. Initiatives include infographics and alerts to protect investors and reduce fraud.
Indonesian crypto exchange Indodax has lost over $18M in a security breach involving 5204 $ETH, 6.84M $MATIC, and 380 $ETH on various networks. Indodax assures clients their funds remain secure, highlighting the need for enhanced cybersecurity.
Penpie protocol loses $27M in Ethereum and stablecoins; $197M Euler Finance hacker praises Penpie hacker for keeping the assets. Stolen funds partially laundered through Tornado Cash, highlighting urgent need for enhanced DeFi security measures.
