Fraud & Scams
While cryptocurrency and blockchain help facilitate faster, safer transactions, criminals have taken advantage of this new medium of transaction and technology to facilitate criminal activities.
2020 was a great year for the digital assets market. The amazing price surges and explosive growths we witnessed last year with Bitcoin, leading altcoins and the nascent DeFi sector…
Livecoin, a Russia-based crypto exchange, has announced that it will be shutting down operations and refunding its customers after it was allegedly hacked in December last year. Details of the…
Hardware wallet manufacturer Ledger was found to have its data breached in July last year, where hackers stole the personal data of over 272,000 users, including some high net worth…
Another DeFi project bites the dust as it falls prey to another online hack, only two weeks after another major DeFi protocol suffered $24 million in losses following a security…
The US Department of Justice (DOJ) announced the indictment of two culprits involved in a hacking attack of Binance’s platform in 2018. These malicious actors created phishing websites that emulated…
November is turning out to be a catastrophic month for Japanese gaming giant Capcom, well-known for its popular game series such as Devil May Cry and Resident Evil, as malicious…
According to a recent report released by blockchain and crypto security analytics firm CipherTrace, the DeFi sector resulted in $100 million lost in thefts and hacking attacks this year. Currently,…
Wine Swap, a yield farming platform launched on the Binance Smart Chain and indirectly backed by the largest cryptocurrency exchange in the world, nearly pulled off an exit scam of…
Security vulnerabilities on DeFi protocols remain a serious concern for the DeFi sector despite its burgeoning growth potential, especially as major projects fall prey to hacking attacks resulting in the…
KuCoin’s hack and the resulting hundreds of millions worth of assets that were put at risk have rattled the crypto community since news first broke over the attack. Since then,…
Crypto Ransomware Cases Up by 311% in 2020, Says Chainalysis
2020 was a great year for the digital assets market. The amazing price surges and…
Russian Crypto Exchange Livecoin Forced to Close After Hack
Livecoin, a Russia-based crypto exchange, has announced that it will be shutting down operations and…
New Updates Reveal Almost 300K Customers Affected by Ledger 2020 Data Breach
Hardware wallet manufacturer Ledger was found to have its data breached in July last year,…
Another DeFi Project Falls Prey to Hacking Attack, Loses $2 Million
Another DeFi project bites the dust as it falls prey to another online hack, only…
Binance Rewards US Law Enforcement with $200,000 Over Indictment of 2018 Phishing Attack Culprits
The US Department of Justice (DOJ) announced the indictment of two culprits involved in a…
Japanese Gaming Giant Confidential Data Held Ransom for $11 Million Worth of BTC
November is turning out to be a catastrophic month for Japanese gaming giant Capcom, well-known…
DeFi Protocol Hacking Attacks Have Resulted in Losses of $100 Million in 2020, Says CipherTrace
According to a recent report released by blockchain and crypto security analytics firm CipherTrace, the…
Cheated Investors of Binance-Launched DeFi Project Wine Swap To Get Stolen Funds Back
Wine Swap, a yield farming platform launched on the Binance Smart Chain and indirectly backed…
DeFi Protocol Harvest Finance Suffers $24 Million Hack; $100,000 Bounty on Culprit
Security vulnerabilities on DeFi protocols remain a serious concern for the DeFi sector despite its…
KuCoin 2020 Hack Culprits Found; $200 Million in Assets Recovered Thus Far
KuCoin’s hack and the resulting hundreds of millions worth of assets that were put at…