Cryptocurrency Analysis and News Portal
The former CFO of a special purpose acquisition company (SPAC) was sentenced to three years in prison after embezzling $5 million that was used to trade cryptocurrencies and “meme stocks."An April 27 press release from the Department of Justice (DOJ) said Cooper Morgenthau, the ex-CFO of African Gold Acquisition Corp.
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The attacker behind a $573,000 exploit on the multi-chain token bridge, Allbridge, has been offered a chance by the firm to come forward as a white hat and claim a bounty.Blockchain security firm Peckshield first identified the attack on April 1, warning Allbridge in a tweet that its BNB Chain
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Americans lost $10.3b to online scams in 2022, with crypto investment losses accounting for about 25%. Crypto fraud rose 183% in 2022 The FBI report showed that online scams relating to crypto investments shot up to $2.57b in 2022 from $907m in 2021, a 183% increase. The data gathered by the internet crime complaint center
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Some 2,500 crypto-curious blockchain believers descended on Barcelona’s Hyatt Tower conference suites last week in a networking bonanza. The 8th edition of the European Blockchain Convention, and the fourth occurrence in Barcelona, also coincided with Bitcoin (BTC) sitting tight below $25,000.Despite an over 60% crypto drawdown, the conference was packed, and
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The regime in North Korea has managed to steal more cryptocurrency last year than in previous years, according to a draft U.N. report. Despite the difference between quoted estimates, the authors conclude that 2022 was a record-breaking year for crypto theft, to be blamed on the hermit state. Cybercrime Groups Linked
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A confidential United Nations report has revealed North Korean hackers stole more crypto assets in 2022 than in any other year so far.The UN report, seen by Reuters, was reportedly submitted to a 15-member North Korea sanctions committee last week. It found North Korean-linked hackers were responsible for between $630
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Blockchain analytics firm Chainalysis says 2022 was “the biggest year ever for crypto hacking,” with $3.8 billion stolen from cryptocurrency businesses. The firm added that decentralized finance (defi) protocol hacks accounted for 82.1% of all cryptocurrency stolen by hackers during the year. Crypto Hacking Hit Record High in 2022 Blockchain analytics firm
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Password management service LastPass was hacked in August 2022, and the attacker stole users’ encrypted passwords, according to a Dec. 23 statement from the company. This means that the attacker may be able to crack some website passwords of LastPass users through brute force guessing.Notice of Recent Security Incident -
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North Korea’s Lazarus Group has been named behind some of the biggest DeFi exploits this year including Harmony protocol and Axie Infinity hack.On Thursday, December 22, South Korea’s main spy agency, the National Intelligence Service, published a new report noting that the state-sponsored North Korean hackers have stolen an estimated
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Crypto trading firm 3Commas has denied its employees' stole user's API keys, claiming that screenshots circulating on social media are fake and urging affected users to file police reports to stop the perpetrators from stealing their funds. In a blog post published on Dec. 11, 3Commas co-founder and CEO Yuriy Sorokin
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