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Cryptocurrency Transfer Alert: Assets Worth $2.51 Million Moved To Binance, Risking $460,000 Loss
According to the observations of Ember, a chain analyst closely monitoring the situation, this move comes with potential risks, potentially resulting in a substantial loss of $460,000 if the assets…
Magnate Finance Pulls $6.5M Exit Scam on Base L2 Weeks After BALD Token Debacle
Things are going from bad to worse for Coinbase’s Base layer-2 network. Just weeks after $23 million in BALD token liquidity was rug-pulled, Magnate Finance has exit scammed with $6.5 million. Initial…
DEA gets duped: Agency loses $55K in address poisoning scam
The United States Drug Enforcement Administration (DEA) — the agency tasked with enforcing the country’s drug laws — lost $55,000 in seized Tether (USDT) earlier this year at the hands of a scammer.…
DEA’s Mishandling of Seized Crypto Results in Scammer Getting $50,000
According to an August 24 Forbes report, the Drug Enforcement Administration (DEA) recently made a costly and embarrassing mistake in the handling of cryptocurrency seized during a narcotics…
Palmswap Exploit: $901,455.9 USDT Stolen from LP Vault Contract
In a recent and unsettling development in decentralized finance (DeFi), the Palmswap platform fell victim to an exploit that resulted in the theft of a staggering $901,455.9 USDT (Tether). The…
Known-plaintext attacks, explained
How to protect against a known-plaintext attack? To safeguard against known-plaintext attacks, adopt strong encryption algorithms, manage encryption keys securely, use unique keys per session, and add…
Balancer says $2.8M still at risk after vulnerability warning
Ethereum automated market maker and decentralized finance (DeFi) protocol Balancer warned that $2.8 million, or 0.42% of its total value locked (TVL), remains at risk following the discovery of a…
Australian Financial Regulator Says Major Cyber Breach ‘a Case of When Rather Than If’
On Wednesday, Therese McCarthy Hockey, an executive board member of the Australian Prudential Regulation Authority, the country’s financial services watchdog, issued a stark warning about the new…
Binance Warns of Escalating Pig Butchering Scams – What’s Going On?
The number of 'pig butchering scam' cases reported to Binance has increased by 100.5% from 2022 to date, the exchange said. Binance warned that the number of reported pig butchering scam cases doubled…
$13.3M Is Stolen as a Result of SIM Swap Scams, ZachXBT Claimed
ZachXBT, an on-chain detective, shared that over the past four months, more than $13.3 million has been stolen as a result of 54 SIM swaps targeting crypto holders. John Deaton, a crypto lawyer and…