Hypernative secures $16M in Series A funding led by Quantstamp to enhance Web3 security. Their AI-driven solutions have saved clients over $100M and identified 99.5% of hacks. Plans include expanding global operations and workforce.
Hacker behind WazirX breach launders $6.5M in ETH via Tornado Cash. The wallet still holds 61.1 ETH ($152,700). North Korean Lazarus Group suspected in the $235M breach. Highlights ongoing crypto vulnerabilities and need for heightened security.
Ukrainian entrepreneur loses $250K in $USDT to scammers posing as police. The culprits accused the victim of treason and coerced a transfer. Ukrainian authorities arrested the fraudsters, seizing luxury assets and fake IDs.
Justin Bons raises concerns over $ETH Layer 2, citing centralization and downtime risks. He argues that scalable Layer 1 blockchains could ensure better security and decentralization. This debate may shape future blockchain scalability strategies.
Pig butchering scams are on the rise in 2024, with cybercriminals shifting to shorter, targeted attacks. The average scheme duration has dropped to 42 days, and organizations like KK Park reportedly earned $101.22M this year. Stay vigilant.
Haru Invest CEO Hugo Hyunsoo Lee was stabbed in a South Korean court amid allegations of embezzling $826M from 1600+ clients. The incident underscores the urgent need for enhanced security and transparency in the crypto industry. @HaruInvest
Trader loses $55.4M in $DAI to sophisticated phishing attack via Inferno Drainer exploit. Hacker transferred Maker vault ownership and minted 55M+ DAI tokens before Inferno Drainer’s service discontinuation, highlighting urgent need for enhanced crypto security measures.
Binance’s $BNB security measures stopped $2.4B in crypto fraud, protecting 1.2M users in 2024. Their eight-layer system, combining AI and manual reviews, also recovered $73M in stolen funds by July. #CryptoSecurity #Binance
Malaysian police arrest seven for Bitcoin mining power theft, confiscating 52 devices worth $57K. Authorities report $777M in stolen electricity over five years, underscoring the need for stricter regulations. Regional trend mirrors incidents in Indonesia.
? Massive $238M Bitcoin theft rocks crypto community. 4,064 $BTC stolen, moved across platforms like $THOR, $KCS, and Avalanche Bridge. Despite speculation, sleuth ZachXBT dismisses Lazarus Group involvement. 2024 sees crypto scam losses soar 293%, totaling $1.5B.
ASIC shuts down 7,300 scam websites, including 615 crypto schemes, to combat $1.3B annual fraud losses. ASIC disrupts 20 fraudulent sites daily, vital for protecting Australians’ financial well-being in an evolving digital landscape. #CyberSecurity #OnlineSafety
North Korean hackers steal $1.3M from crypto project by converting $SOL to $ETH. Funds laundered via Tornado Cash. Hackers linked to 25+ attacks since June 2024. Experts urge better vetting and security measures. #CryptoSecurity #CyberCrime
Ledger ($LEDGER) and @RevolutApp team up to streamline crypto purchases and boost security. Verified Revolut users in select EEA countries can now buy crypto via Ledger Live using their Revolut accounts or cards. #Crypto #Fintech
Mind Network uses Fully Homomorphic Encryption (FHE) to enhance blockchain security with secure validator networks and cross-chain transactions. This innovation promises improved privacy and efficiency in cryptocurrency ecosystems. #BlockchainSecurity #Crypto $BTC
