Russian hackers allegedly netted a profit of more than $400 million through crypto-ransomware in 2021. According to a new report published by blockchain analytics firm Chainalysis on Monday, approximately 74%, or over $400 million USD, of ransomware revenue last year were funneled into high-risk wallet addresses that are likely to have been based in Russia.…
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The Netflix documentary will be about a New York-based couple and their link to laundering nearly 120,000 BTC tied to the crime. Streaming and production giant Netflix will soon produce a documentary series on the infamous Bitfinex hack — one of the biggest financial crimes from 2016 stealing 119,756 Bitcoin (BTC) — worth $72 million…
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The exploit took place on the Ethereum-BSC bridge that saw the hacker use $185 million as collateral to steal $80 million worth of tokens from lending pools. The development team behind Bunny Finance and Qubit has decided to disband the protocol and turn it into a decentralized autonomous organization (DAO). In an official medium post published…
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“The department once again showed how it can and will follow the money,” said Deputy Attorney General Lisa Monaco. Authorities in the United States have made arrests and announced the seizure of $3.6 billion in cryptocurrency more than five years after hackers stole 119,756 Bitcoin (BTC) from the Bitfinex exchange. In a Tuesday announcement, the…
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Binance has announced one of its trademark features, the SAFU fund, has reached a milestone in its development. The SAFU fund, an acronym that stands for “Secure Asset Fund for Users,” has reached the amount of one billion dollars, securing the funds of users in case of a hacking emergency. The exchange, which is one…
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Following the unexpected MGAS price drop, Metaswap Gas’ social media accounts were deleted, supporting PeckShield’s claim of a rug pull. Blockchain security company PeckShield has alerted investors of a possible rug pull event after identifying a massive 46.99% price drop on MetaSwap’s MGAS token. The MetaSwap protocol allows nonfungible token (NFT) swaps over the Ethereum,…
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The exploited nonfungible token project is looking to make things right before the holidays with the help of a compensation fund. On Tuesday, Solana nonfungible token (NFT) project Monkey Kingdom, which has received notable backing from American DJ Steve Aoki, announced via Twitter that hackers made off with $1.3 million of the community’s crypto funds…
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Bent Finance proactively advised investors to withdraw funds and plans to reimburse losses “one way or another.” Staking and farming platform Bent Finance joins the list to become the sixth crypto establishment to get hacked in December. The acknowledgment of the attack was followed by requesting investors to withdraw their pool funds and disabling the…
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Out of the lot, around $60 million worth of tokens were transferred over the Ethereum blockchain alone. Tokens stolen from BSC and Polygon are worth $9.2 million and $8.5 million respectively. Crypto trading platform AscendEX suffered a loss of $77.7 million in a hot wallet compromise that allowed hackers to access and transfer tokens hosted…
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Soon after Modi’s Twitter account with over 73.4 million followers got hacked, attackers shared misleading information about the mainstream adoption of Bitcoin and a 500 BTC giveaway. The official Twitter account of Indian Prime Minister Narendra Modi got compromised earlier today, which was then used to share misleading information about the mainstream adoption of Bitcoin…
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