Crypto phishing scams decreased by 53% in November, but are expected to increase during the holiday shopping season, warns Cyvers.
Cyvers and Station70 launched an AI-powered security tool to protect $4B in crypto transfers, facilitating broader institutional adoption.
Telegram's CEO, Pavel Durov, admits to disclosing user data to law enforcement since 2018, raising privacy concerns in the crypto community. Despite this, Toncoin's price remains stable. Telegram's policy has worried Web3 advocates who fear exposure of blockchain identities. The disclosure may impact Toncoin's future valuation as crypto privacy concerns grow.
Losses from crypto hacks in 2024 have reached $2.1 billion, surpassing 2023 figures. Most attacks targeted CeFi platforms, showing a 984% surge. DeFi platforms saw fewer losses but remain vulnerable. Cyvers' AI-powered detection has been crucial in minimizing damage.
Crypto hacks have surged to $2.1 billion in 2024, with CeFi platforms being the most affected, according to Cyvers. New threats like AI-driven attacks and quantum computing vulnerabilities are highlighted, emphasizing the need for real-time monitoring and robust regulations.
Bankroll Status, a DeFi app on the BNB Chain, lost $230,000 in a hacker attack. Cyvers linked the hack to the DualPools group and a malicious smart contract deployed three months ago.
BingX, a Singapore-based cryptocurrency exchange, lost $52 million in a cyber attack, raising questions about the security practices of cryptocurrency exchanges globally.
Hackers who exploited WazirX moved another $12 million worth of ETH through Tornado Cash, following a pattern of laundering. The stolen funds have been tracked by blockchain security firm Cyvers.
DeltaPrime DeFi protocol suffered a $5.93 million security breach on the Arbitrum network, as reported by Cyvers.
Defi platform Delta Prime lost $4.9 million due to a hack involving a compromised private key on Sept. 16.
DeFi protocol DeltaPrime lost $5.9 million due to a private key exploit, as reported by Cyvers that detected suspicious transactions draining liquidity pools.
Indonesian crypto exchange Indodax experienced a $20.5 million hack, with suspicion falling on North Korea's Lazarus Group.
North Korean hackers are targeting Bitcoin ETFs, attracted by $52 billion in cumulative holdings, warns Cyvers.
Indonesian crypto exchange Indodax lost over $20 million to a hack, involving the theft of Ethereum, Bitcoin, and other assets. The exchange is conducting maintenance to secure its system.
Hackers from the WazirX heist have moved 5,000 ETH worth $11.5 million to a new wallet, as reported by Cyvers Alerts.
AllianceBlock Nexera (NXRA) suffers a 60% value drop following a $1.8 million hack reported by Cyvers.
Nexera was hacked, losing $1.5M in NXRA tokens as exploiters took control of a proxy contract and sold the loot swiftly. This incident highlights the ongoing cyber threats in the industry.
Nexera hacked, losing 47 million NXRA tokens; hacker swaps 14.7 million for $450,000 USDT.
Nexera lost 34 million NXRA tokens in a smart contract breach. The security flaw was detected by Cyvers.
Centralized exchanges were targeted, leading to $1.4 billion in stolen crypto assets in 2024, according to Cyvers' mid-year Web3 security report.
Cyvers' report highlights a rise in crypto losses from cyberattacks in 2024, posing challenges for the Web3 ecosystem.
In Q2 2024, attackers shifted focus from DeFi to centralized exchanges, resulting in significant crypto losses. Improved incident response and security measures were noted, but rising threats to Layer 2 solutions and gaming platforms are predicted.
UwU Lend, a DeFi protocol, was hacked for $20 million using a flash loan to exploit a vulnerability. The breach was discovered by Cyvers, an on-chain security firm.
Arkham and Cyvers reported that the decentralized finance protocol Uwu Lend experienced a potential exploit, leading to over $19 million being siphoned from the platform on June 10.
Nearly $20 million was lost in the UwU Lend exploit discovered by Cyvers on Monday, June 10.
Hackers infiltrated the UwU Lend protocol, stealing approximately $20 million in cryptocurrency. The breach was confirmed by Arkham and Cyvers, affecting the DeFi protocol severely as stolen assets continue to be transferred.
BNB Chain was hacked, resulting in the theft of over $80,000 in Bitcoin (BTC), as identified by blockchain security firm Cyvers, which suggests the possibility of a white-hat hacker being responsible.
Decentralized protocol Sonne Finance suffered a security breach on its Optimism chain, with hackers stealing $3 million in USD Coin and Wrapped Ethereum, which quickly grew to $20 million in total losses. Sonne Finance has since suspended its Optimism Market.
A trader lost $68M in Wrapped Bitcoin (WBTC) to an address-poisoning scam, as revealed by cybersecurity firm Cyvers.
An investor lost $68 million in Wrapped Bitcoin (WBTC) due to an address poisoning scam, as reported by blockchain security firm Cyvers.
Arbitrum's ARB chain and Hedgey Finance were hacked, resulting in a loss of over $40 million. The exploit targeted Hedgey Finance's token claim contract. Web3 security firm Cyvers reported the hack.
