On April 3, 2023, at Ethereum block height 16,964,664, a group of MEV (Maximal Extractable Value) bots were exploited for $25.3 million. An analysis of the exploit revealed that a renegade validator switched the MEV bots’ transactions and seized various crypto tokens, such as 7,460 wrapped ether and 64 wrapped bitcoin. While the Mechanisms Behind…
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Allbridge offered a hacker who pilfered $573,000 from its platform a chance to come forward as a white hat and forgo any legal ramifications. The attacker behind a $573,000 exploit on the multichain token bridge Allbridge has been offered a chance by the firm to come forward as a white hat and claim a bounty.…
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While members of the crypto community are doubtful the lawsuit against Coinbase will be successful, it has sparked a conversation about the issues with SMS 2FA. The crypto community is debating whether SMS two-factor authentication (2FA) should ever be used for account security following news that a Coinbase customer is suing the cryptocurrency exchange for…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ … Read More: Today in Crypto: Pro-Russian & Neo-Nazi Militia Groups Promoting Digital Wallets for Crowdfunding on Telegram, Crypto Scams in Hong Kong up 67%, Thailand to Offer Tax Breaks…
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The scammer behind the crypto wallet draining kit even recommended an alternative and gave advice to budding cybercriminals. The cryptocurrency phishing scammer behind some of the most high-profile and high-value Web3 thefts claims to have packed up shop, saying it was “time to move on to something better.” The scammer with the pseudonym Monkey Drainer…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Lido V2 Upgrade to Bring Withdrawals and Staking Router, BANXA Holdings Integrates with MetaMask, Ramp Reveals Off-ramp Product, StarkWare to Partner with Chainlink Labs Read more »Sign up…
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The latest report by the crypto security firm CertiK revealed two individuals behind a several-million-dollar-heavy scam – and there is a twist to the duo’s partnership. The report explained that “a number” of scammers had been using a phishing kit known as ‘Monkey Drainer’ over the last couple of months. This type of scam uses…
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PRESS RELEASE. Dubai, UNITED ARAB EMIRATES, January 2023, Undeads Metaverse announces the completion of its smart contracts’ security audit conducted by Certik, which included a comprehensive multi-level assessment of Undeads Metaverse in-game smart contracts and product functionality. The focus of the audit was to verify that the smart contract system is secure, resilient and working…
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According to blockchain security company Certik, the number of cryptocurrency incidents involving exit scams, hacks, and code exploits in Dec. 2022 was the lowest monthly figure of the year. Certik noted that the combined incidents amounted to $62.2 million “lost to exploits, hacks, and scams.” Record Low Cyber Attacks in December 2022 Result in $62.2…
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The industry is likely to see “further attempts from hackers targeting bridges in 2023,” while users are urged to be warier of their private keys. The new year is a fresh start for malicious actors in the crypto space and 2023 won’t likely see a slowdown in scams, exploits and hacks, according to CertiK. The…
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