Hacks

The post This Week in Crypto: Top News, Bitcoin and Altcoin Volatility, Major Hacks, and DeFi Investments appeared first on Coinpedia Fintech News This week in the crypto market, significant events happened, with the latest one being the Consumer Price Index (CPI) news, which came in softer than anticipated. This development led to extreme volatility in the market, with Bitcoin’s price fluctuating between $65,000 and $70,000. In this report, we will dive into the key news and developments that controlled…

The post Weekly Crypto Report: Hacks, Market Trends, and the Latest in Blockchain and Web3 appeared first on Coinpedia Fintech News Welcome to your go-to source for all things Web3, Blockchain and Crypto! Our Weekly report dives into the freshest updates and game-changing developments in the fast-paced world. We curate the best data from trusted sources to keep you ahead of the curve. Ready to stay informed and inspired? Let’s explore the latest trends and insights together!  1. Web3, Blockchain…

The post May Crypto Hacks: More Than $347 Million Wiped Out in Huge Hacks appeared first on Coinpedia Fintech News This May 2024 was fairly tragic for the sphere of cryptocurrency as many hits occurred with numerous enterprises, becoming the subject of hacker attacks and resulting in multimillion losses. Blockchain research and security company CertiK has reported in its monthly report that a whopping $347. 3 million was stolen in various cases of hacks, flash loan attacks, and other critics…

The post Crypto Weekly Report: Exposing Hacks, Heists, & Takedowns appeared first on Coinpedia Fintech News In this week’s guide, we plan on exposing the dark underbelly of the crypto industry. We’ll dissect the latest exploits of North Korea’s Lazarus Group, a daring heist targeting Gala Games with a surprising twist, and the takedown of a major online drug marketplace. These cases highlight the ever-present threats facing the crypto industry. Lazarus Group Strikes Again! In a startling revelation by the…

The post Crypto Hack Report This Week: Analyzing Recent DeFi Hacks and Security Breaches appeared first on Coinpedia Fintech News The last week saw a bunch of high-profile cyberattacks on giant players in the cryptocurrency industry with a particular focus on DeFi platforms, crypto-hedge funds and other blockchain-based services.  Join us in this week’s crypto hack report focusing on types of attacks, their methods of implementation, and the evaluation of response actions before and after the lifecycle of those attacks.…

The post April Sets Record Low for Losses in Crypto Hacks and Scams; Will the Trend Continue? appeared first on Coinpedia Fintech News While April 2024 saw a total of 37  security breaches in the crypto industry, a whopping dollar value loss of $90.81 million was recorded. These events encompassed different exploits ranging from hacks in smart contracts and third parties to exit scams and hacker account intrusions, demonstrating the current unsafe environment in the crypto world. A web3 security…

Cyvers, a web3 security company founded by Deddy Lavid and Meir Dolev, has released a security report analyzing the major events, threats, and best practices for protecting assets in the DeFi space. The comprehensive report provides valuable insights for projects and organizations looking to participate in the web3 ecosystem securely. The state of web3 security in 2022 was a major concern for industry participants and regulators alike. The rapid evolution of financial technology in space led to increased security vulnerabilities…

While the total value locked in decentralized finance has fallen massively this year, the hacks and thefts across the space are not slowing down.  According to Chainalysis, this October has already become the “biggest month in the biggest year” for crypto hacks. Overwhelming Hacks As the blockchain intelligence firm tweeted on Wednesday, four significant DeFi hacks occurred on Tuesday alone. Across the month, 11 hacks have occurred in total, resulting in $718 million dollars being stolen. Yet the month is…

While crypto scams and hacking schemes continue growing more sophisticated, industry newcomers are increasingly put at risk. A crypto stealer can swiftly confiscate your crypto holdings within three clicks alone. Please read below to learn about this efficient yet dangerous attack and how to avoid falling victim to it. The Three Click-Confiscator 1. The Hook The scheme begins with a “hook” – an alluring message that expresses its victims’ sense of urgency. Samczsun, the Head of Security at Paradigm, provided…