The latest victim to fall in yet another crypto heist is the non-fungible token [NFT] marketplace Vulcan Forged. Announcing the same, the NFT platform revealed nearly 148 wallets holding its PYR tokens have been compromised which entailed a loss of at least 4.5 million PYR coins or approximately $100 million USD. In a series of […]
Cyber Security
Indian PM’s Twitter handle hacked with a fake Bitcoin giveaway scam!
On December 12, in the wee hours of the morning, Indian Prime Minister Narendra Modi’s official Twitter account displayed a post declaring the nation had formally adopted Bitcoin [BTC] as a legal tender, and that the administration had purchased 500 BTC to “distribute” to its citizens. The tweet also had a link to a blog, […]
Bitmart hacked; Estimated loss of $200M
Crypto exchange firm Bitmart suffered a large-scale hack incurring a total loss of approximately $200 million. The news was first brought to the attention by security analytics entity Pecksheild Inc who raised an alarm of the reported breach on Saturday night. Pechsheild sent out the tweet detailing the suspicious amount of outflows of a range […]
Badger DAO Protocol hacked, team seizes all the accounts
The Badger DAO yield vault protocol, a mainstay of decentralized finance (DeFi), has been another victim to a hack, resulting in the loss of $10 million in the form of cryptocurrencies. On Wednesday at 9 p.m. EST, users first noted potential issues and theft in the Discord of protocol. The attack, according to community speculation, […]
Another crypto hack; Synapse Protocol exploited, $8 million funds at risk
Synapse Protocol, known for its native token, the SYN token, is an automated market maker or simply AMM known for its trustless cross-chain bridge. Recently, according to the tweet by well-known Chinese crypto journalist Colin Wu, the “Synapse Protocol was exploited and lost approximately US$8 million.” Synapse was introduced in the crypto space as the […]
Binance mandates immediate KYC verification for all its services
Binance, one of the largest cryptocurrency exchanges in the world has been a lot in the news lately. The platform’s fallout with several regulators from all around the world has made the exchange the talk of the crypto-town. Further focusing on its security aspect, Binance decided to formulate new Know-Your-Customer [KYC] procedures. The Changpeng Zhao-led […]
Komainu To Work With UK Regulators By Storing Seized Crypto
The crypto industry is full of perpetrators trying to pocket easy money. Komainu, a digital asset custody service provider seems to be aiding the efforts of the UK government in catching these criminals. In a recent press release, the digital asset custodian revealed that it was joining hands with the Derbyshire Constabulary to store digital […]
Ledger User Claims Receiving Death Threat, Ransom Attempts
Just days after the personal information of Ledger customers was dumped on a hacker site called ‘Raidforum’, victims were being targeted by e-mail and SMS phishing campaigns. But the certain malicious entities have gone a bit too far as reports now suggest not just a spate of hacking and phishing attempts but even more distressing […]
Is The Ledger Leak Forgivable?
It has been a bad year for Ledger, even worse for its users. In the latest development, the hacker of Ledger’s data breach on its e-commerce and marketing database has reportedly dumped the stolen contents of the hardware wallet provider customer database on the hacker site called ‘Raidforums. According to Alon Gol the network security firm […]
Estonia Revokes Licenses Of Over 1000 Crypto Platforms
The crypto industry undergoes an array of issues. The citizens of Estonia seem to be tackling a major problem with regard to licenses. While acquiring a license from regulators has become a big issue for crypto platforms, losing it isn’t that big of a deal. Problems pertaining to money laundering aren’t far off as the […]