FAIL: Nomad DeFi Bridge ‘Loses’ $190M of Worthless Tokens

FAIL: Nomad DeFi Bridge ‘Loses’ $190M of Worthless Tokens

Cryptocurrency startup Nomad claimed its “optimistic bridging” protocol would “would keep users’ funds safe.” We take a closer look ...
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Crypto.com: Fortune Favors the Hacker—$16M ‘Stolen’

Crypto.com: Fortune Favors the Hacker—$16M ‘Stolen’

DeFi exchange Crypto.com got hacked yesterday, sources say. Users reported imaginary money missing from their accounts—as researchers watched it get laundered ...
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cryptomixers cryptocurrency

Cryptomixers Enable Ransomware Payment Laundering

While cryptomixers aren’t illegal in and of themselves, they have become “a linchpin in ransomware schemes,” according to a report from Intel 471. As the name implies, cryptomixers, typically standalone services, mix ...
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DeFi sanctions currency exchange

Treasury Sanctions SUEX Exchange for Laundering Ransoms

The Biden administration fired another shot in its battle against ransomware Tuesday as the U.S. Treasury Department took steps to disrupt the financial infrastructure behind ransoms, designating for sanctions the SUEX OTC, ...
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coinbit

Coinbit Seizure: Why New Cryptocurrency Exchanges Conduct Wash Trading  

On Aug. 26, the South Korean newspaper Seoul Shinmun published a report stating that 99% of transaction volume was faked through wash trading on Coinbit, one of the largest cryptocurrency exchanges in ...
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Hackers Steal $150 Million from Asian Cryptocurrency Exchange

Hackers Steal $150 Million from Asian Cryptocurrency Exchange

KuCoin, a Singapore-based cryptocurrency exchange, has disclosed a security incident that resulted in the unauthorized transfer of roughly $150 million in digital assets. In a notice published last week, KuCoin notified clients that it ...
U.S. Treasury Sanctions Russian Hackers for Stealing $17 Million in Crypto Cash

U.S. Treasury Sanctions Russian Hackers for Stealing $17 Million in Crypto Cash

This week, U.S. authorities sanctioned two Russian nationals for defrauding several cryptocurrency exchanges of a combined $17 million. The duo, who had several other accomplices, used phishing schemes to meet their goals, ...
Cryptocurrency Exchange Eterbase Loses $5.4 Million to Hackers Overnight

Cryptocurrency Exchange Eterbase Loses $5.4 Million to Hackers Overnight

A group of hackers on Monday night compromised cryptocurrency exchange Eterbase and raided six hot wallets to steal $5.4 million in Bitcoin, Ethereum, XRP, Tezos, Algorand, and TRON. The criminals transferred the ...
Coincheck cryptocurrency exchange targeted by hackers, customer emails exposed

Coincheck cryptocurrency exchange targeted by hackers, customer emails exposed

Japanese cryptocurrency exchange Coincheck has announced that earlier this week hackers managed to access some emails sent to the firm by its customers. Reading (with a little help from Google Translate) press ...
Bad actor steals $250,000 from Bisq users after faulty security patch

Bad actor steals $250,000 from Bisq users after faulty security patch

Bisq, a decentralized crypto exchange network, was forced to disable trading on Tuesday after the discovery of a critical security vulnerability. The open source peer-to-peer application allows Bitcoin aficionados to buy or ...