Key Takeaways Blockchain security firm CertiK has issued an urgent warning to crypto investors about the increasing prevalence of phishing attacks, which have emerged as the biggest security risk of 2024. According to CertiK’s Hack3d: The Web3 Security Report for 2024, phishing accounted for nearly half of all stolen funds, amounting to $1.05 billion across […]
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CoinSpot, Australia’s Largest Crypto Exchange, Faces $2.4 Million Hot Wallet Hack
Australian cryptocurrency exchange CoinSpot has reportedly fallen victim to a $2.4 million hack, believed to have resulted from a “probable private key compromise” on at least one of its hot wallets. Blockchain sleuth ZachXBT identified two transactions leading to the alleged hacker’s wallet, which later bridged the funds to the Bitcoin network via ThorChain and […]
Shiba Inu Scores Second In The Web3 Security Leaderboard
Leading meme coin Shiba Inu or SHIB has landed the second rank in the category of secure crypto project compiled by CertiK’s Web3 Security Leaderboard report. With a Skynet Trust Score of 93, SHIB has surpassed Polygon’s MATIC. The meme coin’s ranking was evaluated based on indicators such as the crypto project’s relative security, market […]
Shiba Inu (SHIB) Retains Its Investor Base Despite Cryptocurrency Market Troubles
Shiba Inu (SHIB) has retained its investor base despite the troubles of cryptocurrency markets with no decline in numbers. Its popularity seems to grow with each new investor who joins its ranks. According to data collected by CoinMarketcap, Shiba Inu has risen steadily over the course of this past month. There were 50,970 holders from […]
Certik Report: How Developers Are Using KYC To Scam Web3 Communities
As the industry works to develop fraud detection, Certik, a pioneering company in Blockchain Security, uncovered an underground network of KYC actors for hire on November 17th. Some rogue developers used them to scam Web3 communities. The decentralization of the internet and the potential of blockchain technology has sparked a desire among many people in […]