Key Insights: Silk Road founder Ross Ulbricht expects a presidential pardon from U.S President Donald Trump. Trump pledged to pardon Ulbricht during his presidential campaigns. Ulbricht has served a life sentence since 2013. His potential release has sparked political and public debate. His case highlights various issues cyber law and digital rights. Anticipation Builds for […]
Cyber Security
Telegram Bot Breach Costs Users $3M, Banana Gun to Refund Victims
Banana Gun, a popular Telegram trading bot, has recently released information on a cyberattack that has caused a loss of $3 million and affected eleven individuals. However, the company assured the users that those involved in the devastation would be compensated with their own money. It is expected that no other tokens will be sold […]
Crypto Chaos: DeFi Protocol BaseBros Fi Pulls Rug, Drains Funds
BaseBros Fi, the yield optimization decentralized finance (DeFi) protocol that runs on the Base blockchain, has suddenly disappeared from the crypto world due to allegedly stealing users’ investments to a large extent. On September 13, the platform disabled its official website and wiped its presence from various social media platforms such as X and Telegram. […]
WazirX Hacker Moves Another $11.7M Amidst Restructuring Plans
WazirX attacker has reportedly transferred an additional 5,000 ETH worth approximately $11.7 million to Tornado Cash in July. This latest transaction hints at efforts to launder the stolen funds. Earlier blockchain security firm PeckShield identified an address linked to the hackers. It sent 2600.1 ETH [worth roughly $6.5 million] to the privacy protocol Tornado Cash. […]
WazirX Hackers Cash Out $6.5M & Vanish Into Thin Air
The perpetrators behind WazirX’s recent hack of July 18 have transferred a significant portion of their stolen funds. Blockchain security firm PeckShield has announced that it has identified an address linked to the hackers, which has recently sent 2600.1 ETH [worth approximately $6.5 million] to the privacy protocol Tornado Cash. This latest transaction hints at […]
WazirX Cleared: Mandiant Investigation Debunks Laptop Compromise Claims
Recently, WazirX, one of the major crypto exchanges, hit the news with a cyber attack report. Over $230 million was compromised from one of the Multisig wallets on its platform. Following up on this critical breach, WazirX approached the highly professional services of Mandiant, a well-known cyber security firm and a subsidiary of Google, for […]
Terra Chain Halted For Suspected Exploit
User activity on the Terra blockchain came to an abrupt pause following reports of a suspected exploit. The team swiftly executed an emergency halt at block height 11,430,400 to address the illegal breach. During this period, all transactions were suspended, leaving users anxiously awaiting updates. Taking immediate action, the Terra team worked together with validators […]
WazirX’s $230M Cyberattack Response: New 55/45 Recovery Plan
WazirX, an Indian cryptocurrency exchange, has introduced a socialized loss management plan after a significant cyber breach that led to the siphoning off approximately $230 million, impacting 45% of users’ funds. This novel strategy aims to fairly address the aftermath, restore stability, and minimize disruptions for its users. In an official announcement, WazirX expressed its […]
WazirX Loses $230M In 8-Day Crypto Heist
India’s leading crypto exchange WazirX suffered a security breach in one of its multisig wallets, losing over $230 million [2000 cr INR] in the onslaught. The exchange’s team is currently investigating the incident and assured users that their funds are safe. However, INR and crypto withdrawals will be temporarily paused. Among the assets stolen are […]
Singapore Businessman Loses Over $2 Million in Crypto Bank Scam
In a cautionary tale reported by The Straits Times, a Singaporean businessman lost over $2 million after hastily investing in a fraudulent ‘crypto bank.’ The businessman believed he was entering a lucrative deal with the “Royal Eastern Bank,” allegedly valued at over $20 million. However, this valuation was fabricated, with no genuine financial assessment to […]