Bitfinex Hacker Sentenced for Laundering Billions in Stolen Bitcoin
TL;DR Ilya Lichtenstein was sentenced to five years in prison for his role in the 2016 Bitfinex hack, which resulted in the theft of 120,000 bitcoin. Lichtenstein and…
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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BingX Resumes Operations After Cyberattack and Launches ‘ShieldX’ Security Initiative
TL;DR BingX has resumed operations after a cyberattack in September that resulted in the theft of over $43 million in cryptocurrencies. The platform has…
Radiant Capital Hacked, Exposing Security Flaws and Causing a $50 Million Loss
TL;DR Radiant Capital suffered an attack resulting in the loss of over $50 million due to flaws in its multisig configuration. The vulnerability allowed…
Hacks in Crypto Industry Are Declining, But Threats Persist
TL;DR Losses from hacks and scams in the crypto industry were $413 million in the third quarter of 2024, representing a 40% decrease. The…
Stablecoin Issuers Target North Korean Hackers
TL;DR Stablecoin Issuers Act Against Lazarus Group: Tether, Circle, Paxos, and Techteryx have frozen wallets linked to North Korea’s Lazarus Group, seizing nearly $7…
Pendle Hack: $105 Million Saved Amid Penpie Exploit
TL;DR $105 Million Saved: Pendle swiftly paused contracts to prevent further losses after a $27.3 million hack on its yield optimizer, Penpie. Exploit Details:…
Cthulhu Stealer: New macOS Malware Threatens Users’ Cryptos
TL;DR A new malware called “Cthulhu Stealer” targets macOS users, stealing sensitive information. The malware is disguised as legitimate applications and distributed under a…
Crypto Hackers Steal $700,000 from McDonald’s Instagram Account with Fake Memecoin
TL;DR Hackers infiltrated McDonald’s Instagram account and stole $700,000 with a fake memecoin. The fraudulent GRIMACE token briefly reached a value of $25 million…
Dough Finance Faces Million-Dollar Losses After Smart Contract Attack
TL;DR Dough Finance suffered an exploit in its smart contract on July 12, 2024, resulting in the loss of approximately $1.8 million in funds.…
CoinStats Breach: 311 ETH Transferred to Tornado Cash
TL;DR CoinStats suffered a security breach on June 22 that affected 1,590 cryptocurrency wallets. Two wallets linked to the CoinStats exploit transferred 311 ETH,…
Fake Phantom Wallet Drains Funds on Apple App Store: Crypto Users Beware!
TL;DR Crypto holders, watch out! A sneaky fake Phantom wallet app is lurking on the Apple App Store, designed to steal your hard-earned crypto.…