Cryptocurrency Analysis and News Portal
According to a report published by blockchain intelligence firm TRM Labs on June 28, a combined $7.8 billion was paid to cryptocurrency pyramid and Ponzi schemes worldwide in 2022. In addition, another $1.5 billion in crypto was alleged by TRM to have been spent on darknets for illicit activities, while
Read More
Over $204 million was lost in decentralized finance (DeFi) hacks and scams in the second quarter of 2023, according to a June 27 report from Web3 portfolio app De.Fi. The report, titled “Q2 De.Fi Rekt Report,” was partially based on data from De.Fi’s “Rekt Database.” Over $208.5 million was initially
Read More
May saw fewer exploits than April, suggesting better security practices among crypto users and developers. Source
Read More
Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms, focusing on the cause and effect of traditional financial events on day-to-day crypto activity.The latest Macro Markets show begins by exploring why the crypto
Read More
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
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Trust Wallet, a popular crypto wallet owned by Binance, has disclosed a WebAssembly (WASM) vulnerability in its open-source library, Wallet Core, that affected some users. A security researcher reported the vulnerability through Trust Wallet’s bug bounty
Read More
Australians lost $148.3 million (AUD$221.3 million) from investment scams where cryptocurrency was used as the payment method in 2022 — a 162.4% increase from 2021.According to an April 17 scam activity report from the country’s consumer regulator, the Australian Competition and Consumer Commission (ACCC), 3,910 crypto scam incident reports were
Read More
‘White hat’ hackers are working to recover more of the stolen funds as of Monday. Source
Read More
According to reports, the head of finance at Solana network was scammed for about $50 USDC. Scam problems are increasingly heightening within the blockchain bounds, capturing even the ‘best traders.’ Incoming reports indicate that the head of finance of Solana was just scammed. First release, as the concerned parties did not comment
Read More
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
Read More