The token for the layer-1 blockchain Shido has plunged 85% after the project’s Ethereum-based staking contract fell victim to an exploit. The exploit was first brought to light by blockchain security firm PeckShield, which revealed that the attacker successfully transferred the blockchain’s Ethereum staking contract to another address. Subsequently, the new owner upgraded the contract with a…
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According to the blockchain analytics platform Lookonchain, a crypto trader suffered a phishing attack that swooped over 180 million BEAM tokens on Wednesday and affected the token’s price. 180 Million BEAM Tokens Stolen In an X (former Twitter) post, Lookonchain exposed a new crypto scam that had occurred on February 15. As the analytics platform…
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The recent PlayDapp security breach has taken a grim turn, with cumulative losses now exceeding $290 million. According to a report by blockchain analytics firm Elliptic, the exploit resulted in the theft of millions worth of PLA tokens, the native cryptocurrency powering PlayDapp’s gaming platform and NFT marketplace. The report, released on Tuesday, revealed that…
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A bug in the user interface implementation of Friend.tech has led to traders overpaying for ‘keys’ on the platform. In a recent post on X, security researchers Pawel Wylecial and ‘E.Laszlo’ said the bug arises from the user interface caching information before transactions are created, causing it to fall out of sync with the blockchain…
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Somesing, a popular blockchain-based social karaoke platform in South Korea, has fallen victim to an exploit resulting in the loss of approximately $11.58 million. In a recent Medium post, the platform revealed that 730 million of its native token SSX had been compromised. The attack targeted 504 million undistributed SSX tokens, which were initially planned…
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Hardware wallet provider Trezor has confirmed that the unauthorized use of its third-party email provider led to a spate of malicious emails sent to users over the past 12 hours. In a statement released on January 24, Trezor disclosed that it had detected an unauthorized email impersonating the company, which was sent from a third-party…
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Cybersecurity firm Kaspersky Labs has uncovered a new strain of malware specifically designed to target macOS users and their Bitcoin and Exodus wallets. The company said in a press release on Monday that the malware is distributed through pirated software and replaces legitimate wallet applications with infected versions. New Strain of Trojan Malware Targets Bitcoin…
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Source: iStock / JuSun The US Securities and Exchange Commission (SEC) social media account being compromised is concerning. Impersonations and hacks are nothing new in the cryptocurrency space but could the hack have been avoided? After the post, the SEC started an internal market manipulation investigation on itself. X, formerly known as Twitter, confirmed the…
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Source: DALL·E Orbit Bridge, which serves as the main bridge for the Claytont ecosystem, was exploited for nearly $82 million hours before the new year’s eve. Multiple South Korean agencies are currently investigating the multi million hack. Allegations have emerged identifying North Korea’s hacking group, ‘Lazarus,’ as the orchestrator of the exploit, prompting several South…
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Image Source: Unsplash Decentralized exchange dYdX has released a post-mortem report detailing the “targeted attack” it experienced on its v3 platform in November. The attack resulted in a $9 million loss from its insurance fund, which represented approximately 40% of its total holdings. In the report, dYdX stated that investigative efforts have successfully uncovered the identity of…
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