Truebit lost $26 million after a smart-contract overflow bug let an attacker mint tokens at near-zero cost, sending the TRU price down 99%.
Cybersecurity News
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From PRISM to AI, mass surveillance has only grown more powerful. Bruce Schneier warns the post-Snowden world may be entering an even darker phase.
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A crypto user who lost $5,000 from a hot wallet after a stay at a hotel said the real culprits were open WiFi, a casual lobby phone call and one careless wallet approval.
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According to SlowMist, attackers are impersonating MetaMask, aiming to steal users’ secret recovery phrases.
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The incident is potentially related to December's Trust Wallet hack, which left users drained of $7 million in cryptocurrency.
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Although monetary losses declined, users still lost tens of millions of dollars to common cybersecurity exploits like address poisoning scams.
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The Trust Wallet update includes a feature to help victims of the $7 million Christmas hack submit reimbursement claims for lost funds.
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Hacken said Web3 losses rose to almost $4 billion in 2025, with North Korea behind more than half; regulators are currently under pressure to turn security guidance into hard rules.
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Trust Wallet said it has identified 2,596 compromised addresses following its Christmas Day exploit as investigators work to separate real victims from false claims.
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The Flow Foundation has been slammed for planning to roll back the layer 1 Flow chain to patch up a $3.9 million exploit, with one partner advising validators to stop processing transactions until further notice.
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The malicious Trust Wallet extension has also been exporting users’ personal information, pointing to potential insider activity, according to cybersecurity company SlowMist.
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Zhao urged the blockchain industry to adopt new security measures, including scam address blacklist, after an investor lost $50 million to an address poisoning scheme.
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Crypto hackers took social engineering to a whole other level this year, and advances in artificial intelligence mean scams are about to get even harder to detect.
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Concerns about code vulnerabilities are fading in the crypto space, but more sophisticated scam tactics are emerging as protocol security improves.
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Kaspersky found a new malware, dubbed Stealka, that disguises itself as game mods and pirated software to steal crypto wallets, passwords, and browser data.
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