Crypto hacks reached alarming new heights in 2024, with cybercriminals stealing more than $2.2 billion through various attacks. This marks a concerning 22% increase from 2023’s losses of $1.8 billion, highlighting growing vulnerabilities in both centralized exchanges and decentralized protocols. Major Exchange Breaches Define 2024 Attacks The year’s largest breach targeted DMM Bitcoin, a Japanese […]
According to the latest Immunefi report, crypto losses from hacks and scams reached $1.49 billion in 2024, marking a 17% decrease from the previous year’s $1.8 billion. This improvement suggests that security measures are becoming more effective, though significant challenges remain in protecting digital assets. Two Major Incidents Define 2024’s Crypto Losses The year’s biggest […]
Ronin Network, a popular blockchain platform for gaming, experienced a significant security incident on August 6, 2024. The network, known for hosting the famous game Axie Infinity, was exploited for nearly 3,996 Ether (ETH), valued at approximately $9.8 million at the time of the incident. #PeckShieldAlert @Ronin_Network #whitehacked? or Hacked? (w/ ~ $9.33M) pic.twitter.com/wfaY0zhVdI — […]
On July 18, 2024, WazirX, one of India’s biggest crypto exchanges, faced a major setback. Hackers broke into the exchange and stole over $230 million worth of cryptocurrencies. This event sent shockwaves through the crypto world and raised serious questions about the safety of digital assets. The attack targeted WazirX’s multisig wallet on the Ethereum […]
TEENAGE MUTANT CRYPTO HACKERS With only 13 candles on his cake, Ellis Pinsky – now known as the “Baby Al Capone” – discovered the dark side of the internet. Like most other walking hormone factories, his natural habitats included dimly lit rooms and virtual battlefields. His résumé was a collage of button mashing and creative […]
Crypto losses have hit a new high in the second quarter of 2024, sending shockwaves through the digital asset world. The latest report from Immunefi, a leading crypto security platform, reveals a staggering $572.7 million lost to hacks and frauds. This marks a troubling 112% increase compared to the same period last year. The biggest […]
In a major blow to the cryptocurrency industry, Japanese exchange DMM Bitcoin announced on Friday that it had fallen victim to a terrible crypto hack after hackers breached its security and stole a staggering 4,502.9 bitcoins, worth approximately $306 million at current prices. This marks the eighth largest crypto theft of all time and the […]
In the first quarter of 2024, the crypto industry faced significant challenges, with a staggering $336.3 million lost to hacks and scams, according to a report by Immunefi, a prominent web3 bug bounty and security services platform. Despite the substantial $100 billion locked in web3 protocols, DeFi emerged as the primary target for cybercriminals, according […]
In a significant development, the United Nations has revealed North Korea’s escalating reliance on cyber operations to finance its weapons programs. According to a U.N. panel of experts, these “malicious” activities are responsible for generating roughly half of the country’s foreign currency revenue. The report, drawing from open-source materials, contributions from U.N. member countries, and […]
