An Israeli-Russian citizen alleged to be behind the $190 million Nomad bridge hack is reportedly being extradited to the US to face possible money laundering charges.
Hacks News
Hacks have become prevalent in the digital age, encompassing various sectors and technologies. In the realm of decentralized finance (DeFi), where financial services operate on blockchain networks without traditional intermediaries, the risks of hacks are particularly notable. DeFi platforms, built on smart contracts, are susceptible to vulnerabilities, leading to significant financial losses.
DeFi hacks frequently take advantage of smart contract flaws, allowing hackers to change code and steal money. These incidents show that to strengthen DeFi protocols, thorough security audits and ongoing testing are required. A frequent type of DeFi hack is a flash loan attack, which entails borrowing a sizable amount in a single transaction, tampering with market prices and making money off of the ensuing price imbalances.
Conventional hacks, on the other hand, focus on databases, wallets or centralized exchanges. Phishing attempts deceive people into disclosing private information, which allows unwanted access. Hackers also frequently use ransomware, malware and distributed denial-of-service attacks to compromise digital assets and interfere with services.
Preventing hacks requires a combination of robust cybersecurity practices, regular audits and user education. As the digital landscape evolves, vigilance and proactive measures are essential to mitigate the risks associated with hacking incidents, ensuring the security of online assets and financial transactions.
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As crypto market manipulation evolves, highly organized networks coordinate sophisticated schemes across exchanges, threatening market integrity. Collective vigilance and data sharing can protect the ecosystem.
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OKX said its upgrades to the re-launched DEX aggregator include measures to identify suspicious or fraudulent onchain activity from hackers and other bad actors.
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Crypto users have reported receiving unsolicited direct messages from the New York Post’s official X account offering an interview.
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Bitcoin is set to reach gold’s market capitalization by 2029, thanks to “structural” ETF inflows and growing governmental adoption, as tariff concerns ease.
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The US Treasury has proposed cutting the Huione Group's access to the US banking system, accusing it of being involved in laundering crypto.
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Avraham Eisenberg was sentenced on a charge related to child sexual abuse material before his criminal case related to the 2022 Mango Markets exploit.
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Enterprise-grade custody solutions can safeguard digital assets with multi-layered security and transparency.
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A nearly $331 million Bitcoin phishing scam pushed crypto losses in April to $364 million, jumping up from under $29 million lost in March.
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The stolen $330 million was laundered through 300 wallets and 20+ exchanges, experts told Cointelegraph.
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Crypto hackers have already surpassed the $1.49 billion stolen during 2024, according to Immunefi’s latest research.
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Loopscale fell victim to a $5.7 million exploit after attackers manipulated its RateX PT token pricing, draining funds from its USDC and SOL vaults.
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The exploiter who stole $5.8 million from the Solana DeFi protocol on April 26 is negotiating to return the funds for a bounty.
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A suspected $330 million Bitcoin theft flagged by ZachXBT saw the funds laundered through Monero, triggering a XMR price surge.
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The DeFi lending protocol has restored loan repayments but some functionalities are still disabled, Loopscale said.
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