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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A recent report by TRM Labs shows that the number of cryptocurrency attacks dropped by 70% during Q1 2023 compared to the same period in 2022. Nearly 40 attacks resulted in a total theft of about
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A possible explanation might be increasing regulatory attention to the crypto hacks and a number of high-profile enforcement cases, TRM Labs suggests. First of all, crypto exchanges are ramping up their KYC/AML policies, making it harder to cash out stolen coins. At the same time, the ETH mixing protocol Tornado
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The crypto community is being urged not to let their guard down despite a significant decline in crypto hacks during the first quarter of 2023 — with one firm warning it is most likely a “temporary reprieve, rather than a long-term trend.”2022 was the biggest year for crypto hacking in
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Japan alone lost at least $721 million to these attacks within 5 years. Blockchain analytics firm Elliptic has published a study report of crypto hacks linked to North Korea. According to the report, Asia may be the favorite target in the world for these hackers. The research found out that
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Following a calm week, there were more regulatory actions, especially in the United States. Meanwhile, more hacks and rug-pull spilled over from the previous week. The buzz surrounding meme coins, fueled by the success of PEPE, created an opening for malicious actors who sought to exploit investor enthusiasm. Crypto mining regulations On
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Crypto exploits, exit scams, and flash loan attacks saw little signs of letting up in April, with more than $103 million of funds stolen from crypto projects and investors in the month. On April 30, crypto security and auditing firm CertiK posted an April roundup of crypto exploits, scams, and hacks, revealing
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Hackers were able to gain access to more than $320 million in the first quarter of 2023 alone, according to on-chain data consolidated by blockchain security firm CertiK in its quarterly report.The losses were significantly lower than in 2022’s first and fourth quarters, when hackers took around $1.3 billion and
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Gnosis, the team behind Gnosis Safe multi-sig and Gnosis Chain, has launched a hash oracle aggregator for blockchain bridges, according to an announcement from the company. In a conversation with Cryptox, Gnosis CEO Martin Köppelmann stated that the new aggregator should make bridges more secure by requiring more than one
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The funding frenzy and competitive landscape speaks to the growth of the on-chain security landscape. While once only inhabited by tracing companies that retroactively follow the money, it's now buzzing with smart contract auditors, economic risk analysis firms, white hats and monitoring platforms that seek to mitigate the damage. Source
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Reentrancy, price oracle attacks and exploits across seven protocols caused decentralized finance (DeFi) space to bleed at least $21 million in crypto in February. According to DeFi-centric data analytics platform DefiLlama, one of the largest in the month was the flash loan reentrancy attack on Platypus Finance, which led to $8.5
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