Key Insights: Heather Morgan and Ilya Lichtenstein laundered Bitcoin stolen in the 2016 Bitfinex hack, one of crypto’s largest thefts. U.S. courts sentence Morgan and Lichtenstein for laundering $4B, stressing the need…
Category: Hacks
Michael Terpin’s $24M Crypto Lawsuit Against AT&T Revived by Federal Court
Key Insights: Michael Terpin’s $24 million lawsuit against AT&T moves forward, alleging telecom failure led to a SIM swap crypto theft. The court reinstates Terpin’s claim under the Federal Communications Act, requiring…
Nearly $6.4M Stolen from Abracadabra Finance Exploit
A major security occurrence has apparently hit Abracadabra, a decentralized finance (DeFi) protocol. According to security analysts, a malicious attack resulted in the loss of more than $6.4M. Abracadabra Finance, a decentralized…
Chainalysis Report: Revenue From Crypto Crime Declined by 54% in 2023
Chainalysis’ Latest Report The amount of cryptocurrency stolen by scammers in 2023 dropped significantly compared to the previous year, according to a recent report released by Chainalysis. The blockchain analytics company revealed…
Blockchain Security Firms Warn of Crypto Exploits Using More Persuasive AI Scams in 2024
Blockchain security firms alerted crypto investors to mind sophisticated phishing scams that exploiters could deploy in 2024. Security experts from various firms warn that crypto thieves will likely deploy more persuasive scams…
Kyber Network Fires Half Workforce for Sustainability Amid $49M Exploit
Kyber Network has, in a Thursday, December 24 statement, confirmed downsizing its workforce by half in an effort to sustain the business operations. The team running the decentralized finance (DeFi) protocol, KyberSwap,…
Solana DeFi Hacker, Forfeits Exploit in Smart Contract Fraud Conviction
Shakeeb Ahmed’s conviction set a precedent case following the Thursday, December 14, guilty plea for orchestrating the Nirvana Finance exploit in July. The Department of Justice revealed that the 34-year-old New York…
US Sanctions Cryptocurrency Mixer Sinbad Citing Links to North Korea Hackers
On Wednesday, the US enforced sanctions on Sinbad. According to the Treasury Department, the virtual currency mixer has processed cryptocurrency worth millions of dollars from major heists executed by North Korea-associated hackers….
Bitcoin Developer Advices Lightning Creators to Rectify Security Bugs
Antoine Riard, who exited the Lightning Network last month, claims it is also in danger of becoming progressively centralized and vulnerable to single failure points and censorship risks. An ex-Lightning Network developer…
Inferno Drainer Ceases Operations After Facilitating $70M Crypto Theft
The scam-as-a-service wallet drainer indicated in a surprising message that its users would remember the platform as the best to exist. Inferno Drainer, a famous crypto wallet-draining kit for hire, claims it…
Here are the Boldest Cryptocurrency Hacks Ever
Most members of the crypto community have hailed blockchains as impregnably secure. However, those outside the crypto space wonder why blockchain-based projects still get hacked. Unfortunately, some of these blockchains are not…