Wise Lending, a prominent player in the Web3 finance sector, has been stripped of assets totaling approximately $440,000. The breach, executed on January 12, involved an intricate flash loan attack, leveraging the digital currency Lido Staked Ether (stETH). At precisely 7:29 pm UTC, the security of Wise Lending was compromised via a flash loan—a form […]

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Google, part of Alphabet Inc., has consented to a settlement over allegations of covertly tracking users’ private internet sessions. The case, which was set for trial on February 5, 2024, has been paused, following the announcement of a preliminary agreement between the tech giant and the plaintiff class. The lawsuit, which demanded upwards of $5 billion […]

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Security specialists caution that 2024 may bring a new wave of AI-driven scams that could outpace current defenses. Last year’s $1.7 billion loss to fraud was a significant drop from 2022’s $4 billion, yet the threat level is far from diminishing. Blockchain analyst Jesse Leclere from CertiK urges the community to stay alert. He highlights that phishing […]

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MEXC, a well-known crypto exchange, has stepped forward to clarify the situation following the deletion of an account previously thought to be managed by its CEO. This event has raised eyebrows amidst reports of users facing withdrawal challenges. The exchange moved swiftly to alleviate customer concerns after the account named “MEXC_CEO” was removed from the […]

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Yuga Labs has successfully reclaimed a trove of digital assets lost in a recent cyber heist. The Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs, valued at nearly $3 million, have been restored to their rightful place following a strategic bounty settlement. The saga unfolded on December 16 when a hacker exploited a vulnerability in NFT Trader’s […]

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Tether, a foremost issuer of stablecoins, has launched an initiative that enables the organization to immobilize wallets tied to parties on the U.S. Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals (SDN) List. This new course of action, operational from December’s outset, aims to thwart the potential exploitation of its digital asset for unlawful endeavors. The strategy […]

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Crypto hacker has escalated their assault on digital finances, siphoning off a staggering $2 million from Safe Wallet users within just a week. Scam Sniffer, a Web3 scam detection platform, revealed that since November 26, about ten wallets have been compromised via a deceptive method known as address poisoning. The hacker’s strategy involves creating wallet addresses that […]

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Cybersecurity experts at Recorded Future have unveiled a staggering figure: North Korean hackers have siphoned off an estimated $3 billion in cryptocurrency over the past six years. The scale of this operation is monumental, with the 2022 heists alone amassing a sum that dwarfs North Korea’s export earnings from the previous year by nearly tenfold. The report […]

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In a decisive address to the Blockchain Association, Deputy Treasury Secretary Wally Adeyemo issued a stark warning to the cryptocurrency sector: bolster efforts against illegal financial activity or face severe restrictions. The U.S. is poised to isolate cryptocurrency entities not complying with stringent anti-money laundering measures from its economy. Adeyemo’s comments come on the heels of the […]

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Bitcoin Group has announced a series of enhancements to its internal controls. This strategic initiative is a response to the German financial watchdog BaFin’s directive, which pinpointed significant gaps at futurum bank, a Bitcoin Group subsidiary. BaFin’s concerns centered around the institution’s anti-money laundering (AML) and counter-terrorist financing (CTF) protocols. In a recent statement, Bitcoin […]

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