US authorities indict Canadian national behind $65m KyberSwap, Indexed Finance hacks
Federal prosecutors in the United States have charged a Canadian national with exploiting vulnerabilities across two decentralized finance protocols, alleging he stole millions in cryptocurrency and attempted to cover his tracks. Andean Medjedovic, a University of Waterloo mathematics graduate, has been indicted for wire fraud, computer hacking, attempted extortion, and money laundering in connection with […]
Crypto hacks jump ninefold in January: Immunefi
Crypto hacks surged in January 2025, with total losses reaching $73.9 million across 19 incidents, according to a report by Immunefi. The figure marks a ninefold increase from December but a 44.6% decline compared to January 2024, when hackers stole $133.4 million, according to the report. Singapore-based exchange Phemex accounted for the bulk of the […]
Ethereum accounted for over 50% of $2.3b lost to hacks and exploits in 2024
Bad actors stole roughly $2.3 billion from web3 projects, with Ethereum accounting for more than half of the total losses. According to the State of Web3 Security in 2024 report from Cyvers, 51% of the stolen funds came from Ethereum-based projects, largely due to its role as the leading blockchain for DeFi and its extensive […]
U.S. agency proposes rule requiring refunds after crypto hacks
The Consumer Financial Protection Bureau has proposed a rule that would require U.S. cryptocurrency companies to refund customers who lose funds due to hacks or unauthorized transactions. he proposal aims to extend the consumer protections already in place for traditional bank accounts to digital wallets used for cryptocurrencies, according to Financial Times reporting. The CFPB’s […]
Crypto scams and hacks surpass $3b in 2024, up 15% from 2023
Crypto investors faced a tough 2024 as hacks and scams exploited weaknesses, costing billions in losses. Crypto-related hacks and scams cost the industry $3.01 billion in 2024, reflecting a 15% rise from $2.61 billion in 2023, according to data published by PeckShield. In an X post on Thursday, Jan. 9, the blockchain forensic firm revealed […]
December’s crypto losses from hacks were lowest in 2024: PeckShield
In December 2024, more than 25 hacks in the crypto industry led to approximately $24.7 million in losses, marking a 71% decline compared to November. December 2024 witnessed over 25 crypto hacks, resulting in a total loss of $24.69 million, according to data from blockchain security firm PeckShield. The figure marks more than a 70% […]
Winners and losers of 2024: A year of all-time highs, hacks and hodling
Crypto lawyers, Bitcoin hodlers and memecoin entrepreneurs were some of the biggest winners of 2024. Source link
Access control exploits account for nearly 80% of all crypto hacks in 2024
Crypto hacks in 2024 caused nearly $3 billion in damages, with access control flaws driving 78% of the losses, data shows. 2024 proved to be another challenging year for blockchain security, with nearly $3 billion lost to crypto hacks, according to Hacken’s latest research report. Although the total financial impact was on par with 2023, […]
Crypto hacks wipe out $2.3B in 2024, marking 40% YoY surge
According to Cyvers, the 40% yearly increase was mainly driven by growing access control vulnerabilities amid centralized exchanges and cryptocurrency custodians. Source link
