Web3 Projects Lose $2,020,000,000 in 2023 to Hacks, Rug Pulls and Phishing Attacks: Crypto Security Firm
Web3 projects lost more than $2 billion in 2023 to hacks, rug pulls and phishing scams, according to the blockchain...
Scams
Decentralized Exchange Built on Osmosis Hit With Oracle Attack, Hacked for $1,140,000 Worth of Crypto
A decentralized exchange (DEX) built on Osmosis (OSMO) was hacked for $1.14 million worth of crypto this week. The Levana...
Telcoin Temporarily Freezes Use of Decentralized Remittance App Following $1,300,000 Exploit
Remittances-focused crypto project Telcoin (TEL) is offering an update after a cybersecurity breach that resulted in the loss of funds....
Kyber Network Forced to Slash Staff by 50% After $46,500,000 Exploit, According to CEO
Decentralized finance (DeFi) platform Kyber Network is cutting its staff in half following a large exploit earlier this year, according...
Nearly $50,000,000 To Be Handed Out to Victims of Curve Finance Exploit After Vote
Decentralized finance (DeFi) protocol Curve Finance (CRV) says it will compensate users who sustained losses as a result of a...
Atomic Wallet Launches $1,000,000 Bug Bounty Program Months After Suffering Multi-Million Dollar Hack
Atomic Wallet is beefing up the security of its platform through a new initiative that will give monetary awards to...
Ledger Addresses Security Vulnerability Incident, Says Victims Will Be Made Whole After $600,000 in Losses
Hardware wallet firm Ledger is responding to a recent security vulnerability in its products that was exposed earlier this month....
FTX Values Claims of Creditors Based on Prices of Digital Assets During Collapse of Exchange
Recent court documents indicate FTX’s creditors’ digital asset claims will be based on the near-bottom crypto prices at the time...
Crypto Company SafeMoon Files for Bankruptcy Following Founder and Executives’ Indictment on Fraud Charges Last Month
Blockchain firm SafeMoon is filing for bankruptcy after its founder and two executives were indicted on fraud charges in November....
DOJ Accuses Four US Residents of Laundering Money for $80,000,000 ‘Pig Butchering’ Crypto Investment Scam
Four alleged perpetrators of a massive crypto investment scam are facing potential jail time of up to 20 years following...
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