Hacks

The post August 2024 Crypto Security Report: Over $300 Million Lost to Exploits, Hacks, and Scams appeared first on Coinpedia Fintech News The month of August 2024 has seen many misfortunes with regard to the crypto space, which saw a rise in crypto loss of approximately $300.6 million to hackers, fraudsters, and other sorts of swindlers. Certik Alerts has reported this as the second-highest monthly loss for the year 2024 after a month which was laden with so many large…

The post The Aftermath of Crypto Hacks: Nearly 80% of Tokens Fail to Recover Post-Exploit appeared first on Coinpedia Fintech News A new report from Immunefi highlights a stark reality for the cryptocurrency market: tokens hurt by hacks find it difficult to revert the loss and this often extends to a few years. it impacts even well-established projects as evidenced by the fact that close to 80% of the tokens ended up being negatively impacted. Crypto Hacks: Why Recovery Takes…

The post Convicted Hacker Linked to Sydney Sweeny & Odenkirk Celebrity Crypto Hacks appeared first on Coinpedia Fintech News Chainsleuth Zachxbt recently investigated the convicted UK hacker Gurv (Gurvinder Bhangu) and found that he was involved in the recent hack of X accounts of celebrities Sydney Sweeney and Bob Odenkirk, which siphoned $530K Solana meme coins. The Sydney Sweeney incident On July 2nd, the Twitter (X ) account belonging to actress Sydney Sweeney was hacked through SIM swapping. The hack resembles the…

The post Crypto Hacks Weekly Report: DeFi and Celebrities Under Attack! appeared first on Coinpedia Fintech News This week’s Crypto Hack Weekly Report brings to light the latest hacks and vulnerabilities shaking the crypto world. From breaches in prominent platforms to the exploitation of celebrity accounts, these incidents have created significant ripples in the community. Here’s a detailed look at the major hacks and the countermeasures taken. It’s going to be heavy for sure! 1. Dough Finance Issues Ultimatum After…

A significant domain registry attack compromised the DNS of multiple DeFi applications, including Compound and Celer Network, potentially affecting over 120 protocols using Squarespace domains. DeFi Apps Under Attack On July 11, multiple decentralized finance (DeFi) applications became the victims of a significant domain registry attack. Blockchain security firm Blockaid identified a widespread domain hijacking incident that affected Compound Finance, Celer Network, and potentially 120 other DeFi protocols. The attack followed one on Compound Finance's DNS registry, where its front-end…

The post This Week in Crypto Hacks: Major Breaches Lead to $41 Million Loss appeared first on Coinpedia Fintech News Welcome to this week’s Crypto Hack Weekly Report, where we uncover the most alarming hacks and scams shaking up the crypto landscape. This week’s headlines include a massive data breach at Authy, a wallet heist at Bittensor, and a high-profile hack targeting Sydney Sweeney’s X account. Buckle up as we dive into the details of these cyber incidents. Authy Breach:…

The post Crypto Hacks and Scams Surge in Q2, Costing Crypto Industry Over $573 Million appeared first on Coinpedia Fintech News The second quarter of 2024 was a tumultuous period for the crypto industry. There were 72 incidents where $572.7 million were lost to hacks and scams during this quarter, says the quarterly report from Immunefi. This is an enormous leap from $336.3 million that were lost in the previous quarter marking a whopping 70.3% increase and almost double too…

The post $572M Crypto Losses From Hacks And Rug Pulls In Q2 appeared first on Coinpedia Fintech News Immunefi, an on-chain crowd-sourced security platform, in its Crypto losses of Q2 2024 revealed a loss of $572 million to hacks and rug pulls. This marks a 112% increase compared to the same period in 2023. The total losses now stand at over $920 million year-to-date, with May 2024 witnessing the highest monthly losses at $358 million. CeFi was the main target…

The post Crypto Hacks Have Stolen $19 Billion Since 2011, Reports Crystal Intelligence appeared first on Coinpedia Fintech News Hackers have targeted cryptocurrencies and other digital assets and stolen millions of dollars in resources since 2011, according to data from Crystal Intelligence. A Dublin-based crypto compliance firm, Crystal Intelligence, found that around 785 instances of various crypto hacks and exploits were reported, and the total value of digital coins stolen amounted to $19 billion in the past 13 years. This…