Key Takeaways: On June 18, 2025, Iran’s largest digital asset platform, Nobitex, suffered a devastating exploit that resulted in the loss of over $90 million across multiple cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Solana. Nobitex has long been under the radar due to its connections with various sanctioned entities. It has reportedly processed transactions linked […]
Cyber Security
PeckShield Reports Shocking Crypto Hacks Hit $244M in May, $157M Recovered
Key Takeaways In May 2025, about 20 major security breaches were registered within the cryptocurrency market, which brought together a combined total of $244.1 million worth of losses. This number is a notable 39.29% drop from the previous month, bringing a ray of hope for an industry hounded by cyberattacks. Even as overall losses decreased, […]
Solana Exec’s Data Leaked on Migos’ IG Account in 40 BTC Crypto Extortion Attempt
The Instagram account belonging to the former American rap group Migos was hacked on May 27 in an incident that targeted Solana co-founder Raj Gokal. Hackers used the account, which has 13 million followers, to publish several images and personal data, apparently in an attempt to extort 40 BTC from Gokal. Hackers Leak KYC Documents […]
Industry Leaders Challenge SEC Cyber Risk Management Disclosure Rule
Key Takeaways: A powerful coalition of financial industry organizations, including the American Bankers Association, the Bank Policy Institute, and others, has filed a formal petition urging the U.S. Securities and Exchange Commission (SEC) to revisit and revise its cybersecurity disclosure regulations. The petition focuses on rescinding Form 8-K Item 1.05 and its equivalent for foreign […]
Coinbase Hacker Resurfaces with $42M BTC Transfer and Troll Comment to ZachXBT
The Coinbase hacker has resurfaced in the crypto space again after transferring $42 million worth of Bitcoin while openly trolling the popular blockchain investigator ZachXBT. The hacker sent a message mocking ZachXBT through the Ethereum blockchain input data on Wednesday. This happened ten days after Coinbase publicly revealed that they had a security issue that […]
Coinbase Launches $20M Bounty Countering Previous Ransom Threat
Coinbase has taken their bold stand against cyber extortion by refusing to pay a $20 million ransom to unknown blackmailers. Recently, Coinbase faced a platform breach, and some attackers sent a message claiming that they had confidential information about the platform. The attack started on the 15th of May, when the CEO of Coinbase, Brian […]
Telegram Silently Dismantles $27B Darknet Giant Haowang Guarantee
Telegram has closed down the huge darknet marketplace Haowang Guarantee after prohibiting thousands of connected accounts and channels. This May 13 clampdown took down all infrastructure associated with it, rendering its crypto-powered criminal activities dysfunctional. Telegram’s enforcement action forced the platform, which used to be called Huione Guarantee, to close down officially. For a long […]
TRON DAO X Account Hacked via Sophisticated Social Engineering Attack
On May 2, the official X account of TRON DAO was hacked in a highly coordinated online breach. This was not the result of a technical vulnerability but was instead a highly coordinated social engineering exploit. One of the TRON DAO members was the target of the manipulation, allowing the attacker direct access to the […]
Lazarus Invades US Biz! Sanctions Shattered
Lazarus, North Korea’s notorious hacker group, has spread its tentacles once again. According to Reuters, the group has set up two shell companies, Blocknovas LLC and Softglide LLC, in New Mexico and New York using false identities. They also opened a third business, called Angeloper Agency, which does not appear to be registered in the […]
XRPL Hack Scare: What Developers Need to Know
The XRP Ledger Foundation has recently discovered a security vulnerability in the JavaScript library (v4.2.1–4.2.4 and v2.14.2) used to interact with the ledger that could steal crypto private keys. The Foundation has upgraded the code, released the patched version, v4.2.5, and removed the previously compromised version. While the issue affects only versions published on NPM, […]