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Over the years, crypto hacks have become more elaborate and common. In 2024, the community has seen hundreds of millions swept away from exploits and scams, leaving investors empty-handed.
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After orchestrating a series of hacks on two decentralized cryptocurrency exchanges (DEXs) that stole more than $12 million worth of crypto, former security engineer Shakeeb Ahmed was sentenced today to three years in prison, this is the first-ever smart contract hacking conviction in the US.
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In a significant development for the cryptocurrency industry, the trial of Avraham Eisenberg, the accused perpetrator of the $100 million Mango Markets exploit, has commenced in a New York federal court.
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Yesterday, the crypto community saw an attack on one of Serenity Shield’s Metamask wallets, resulting in the theft of over 7 million SERSH tokens. As a result, the token’s price significantly dropped, and the holders showed concern about the platform’s future.
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Crypto gaming platform PlayDapp has been the victim of a series of breaches, resulting in the loss of millions of dollars worth of PLA tokens.
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On Wednesday, the news of a 213 million XRP exploit shocked the Ripple community as speculation of a security breach in the security of the payment firm. Later details provided by Ripple executives clarified that the company did not manage the compromised accounts.
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