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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 the late hours of Tuesday, the crypto community saw another exploit. Munchables, the Ethereum Layer-2 NFT gaming platform, reported being compromised on an X post.
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On March 19, Trezor’s X suffered a security breach that exposed the account’s 200,000 followers to a fake crypto presale. After the alarms were raised, most crypto users stayed vigilant while the hardware wallet company regained control.
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In recent findings, an investigation by the United Nations has illuminated the extent to which North Korea has leveraged cyber activities such as crypto hacks to “bolster” its economy and further its weapons development programs.
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The crypto community has seen a growing number of hacks in the first two months of 2024. Widely reported by Bitcoinist, hackers and scammers have targeted high-profile figures and projects within the industry.
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So far, concerns have escalated over the use of cryptocurrency by sanctioned groups and terrorist organizations, as revealed in the latest “2024 Crypto Crime Report” by leading blockchain analytics firm Chainalysis.
The report unveiled that over $24.
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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On Thursday night, the Axie Infinity co-founder suffered a hack that included a large amount of ETH being withdrawn from the wallet and sent to Tornado Cash. The suspicious activity was revealed by a blockchain investigator, who alerted of the compromised whale wallet over the Ronin bridge.
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In a recent development, decentralized finance (DeFi) crypto exchange FixedFloat has been targeted by hackers in a high-profile hack, resulting in the theft of over $26 million worth of Bitcoin (BTC) and Ethereum (ETH) from the exchange.
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Web3 security firm Blockaid recently reported another significant security breach that Angel Drainer carried out. The notorious phishing group is said to have drained 128 crypto wallets of their funds.
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