Crypto Scam: Braiscompany Leaders Sentenced to 171 Years in Prison in Brazil
TL;DR Three Braiscompany executives were sentenced to a total of 171 years in prison for leading a crypto scam that affected over 20,000 people. Joel Ferreira de Souza…
Security
Security tracks the threats that affect crypto users, protocols and companies. This section covers hacks, bridge exploits, wallet vulnerabilities, phishing campaigns, exchange incidents, smart contract failures, scams and the security practices emerging across the industry.
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zkLend Hacker Loses $9.6M in Ethereum to Phishing Scam
TL;DR Phishing Fallout: The hacker lost all 2,930 ETH ($9.6M) by mistakenly depositing funds into a fake Tornado Cash site during a laundering attempt.…
Gemini Targeted in a Phishing Scam
TL;DR Scammers have sent fake bankruptcy notices to Gemini users, attempting to trick them into transferring their assets to a fraudulent wallet. Gemini denied…
Crocodilus: The Malware Threatening Crypto Wallets on Android
TL;DR Crocodilus is an Android malware that steals crypto wallet credentials through social engineering and advanced techniques. It uses a customized dropper to bypass…
Hyperliquid in Controversy After JELLY Manipulation and Million-Dollar Exploit
TL;DR A user manipulated JELLY on Hyperliquid and made over $6 million by exploiting the platform’s liquidation system. Although Hyperliquid removed JELLY, the attacker…
New EOS Attack: Fraudsters Manipulate Addresses
TL;DR EOS users are becoming the target of a sophisticated “address poisoning” attack that has raised new concerns within the crypto ecosystem. In this…
Crypto Alert: Scammers Target Users with Fake Emails
TL;DR The crypto ecosystem is facing a new and growing threat: a surge of fraudulent emails attempting to deceive Coinbase and Gemini users with…
Chainflip Plans Upgrade to Block Bybit Hackers
TL;DR Chainflip upgrade to block hackers: The 1.7.10 upgrade introduces broker-level screening tools to prevent laundering stolen funds. Community consensus: Broad support for the…
zkLend Announces Comprehensive Compensation Plan for Affected Deposits
TL;DR zkLend has announced a comprehensive compensation plan for affected depositors, aiming to address financial losses and restore confidence in the platform. Deposits in…
Meteora Co-Founder Ben Chow Resigns Amid LIBRA Meme Coin Controversy
TL;DR Ben Chow, co-founder of Meteora, resigns amid the LIBRA meme coin controversy, raising questions about integrity and transparency. The LIBRA token’s rapid rise…
Vitalik Buterin Addresses ZK Lend Exploit, Praises Railgun’s Compliance-Focused Privacy
TL;DR Vitalik Buterin addresses the $5.2 million exploit of zkLend, emphasizing the need for continuous improvements in DeFi security. Buterin commends Railgun for blocking…