Stay informed on the latest crypto security threats, hacks, and scams. Learn how to protect your digital assets and navigate the world of blockchain securely.
Security
Crypto crime is on the rise—and MEXC is sounding the alarm. The global cryptocurrency exchange reported a 200% increase in detected fraudulent activity on its platform over the past year, with India and Indonesia emerging as the most affected regions. In a May 30 update, MEXC revealed it identified
Security
Bitcoin, long hailed as a decentralized and secure digital currency, is now facing growing criticism from security experts over the long-term sustainability of its network. According to Ethereum Foundation researcher Justin Drake, Bitcoin’s security model may be on a dangerous path—one he bluntly called a “time bomb.” The
Security
In a move that could reshape the regulatory landscape for digital assets in the U.S., the Securities and Exchange Commission’s Division of Corporation Finance clarified Thursday that certain staking activities on proof-of-stake (PoS) blockchain networks do not constitute securities transactions. In its statement, the Division noted that “participants
Security
Australia’s top financial regulator is taking legal action against Allan Guo, the former executive behind now-defunct cryptocurrency exchange ACX, for alleged breaches of corporate duties and mismanagement of user funds. The Australian Securities and Investments Commission (ASIC) announced civil penalty proceedings against Guo, claiming he mishandled customer assets, failed
Security
Nearly three months after one of the largest crypto heists in history, blockchain analysis reveals that close to half of the $1.4 billion stolen from Bybit has effectively vanished. According to internal data and third-party analytics, $644 million in crypto funds has been funneled through advanced laundering tools, rendering
Security
Cetus Protocol, a decentralized exchange built on the Sui blockchain, has confirmed that a previously overlooked bug in an open-source library was responsible for a $223 million exploit that shook the platform last week. The vulnerability, buried in the inter_mate library's checked_shlw method, stemmed from a
Security
Coinbase is facing a class action lawsuit from shareholders who allege the cryptocurrency exchange failed to promptly disclose key information, including a serious data breach and a regulatory violation involving its UK subsidiary. The suit, filed in the U.S. District Court for the Eastern District of Pennsylvania, claims the
Security
A notorious crypto phishing group known as Inferno Drainer has stolen nearly $150,000 in a targeted attack that exploited a newly introduced Ethereum feature—marking a concerning evolution in how scammers are using blockchain upgrades to their advantage. On May 24, web3 security platform Scam Sniffer flagged the incident,
Security
A crypto investor in Manhattan is facing serious criminal charges after allegedly kidnapping and torturing an Italian man in a violent attempt to steal access to his cryptocurrency wallet. John Woeltz, 37, was arraigned on Saturday in Manhattan Criminal Court, a day after his arrest on charges including kidnapping for
Security
In a major win against cryptocurrency fraud, the U.S. Department of Justice (DOJ) announced it has recovered over $3.3 million in digital assets linked to a network of online investment scams. The announcement, made on May 23, underscores ongoing efforts to disrupt cybercriminals exploiting the crypto space. A
Security
The Sui blockchain ecosystem is facing intense community criticism after supporting a contentious $162 million recovery plan proposed by DeFi platform Cetus Protocol. The plan aims to return frozen funds following a significant security breach, but its implications for decentralization have sparked deep concern among blockchain advocates. On May 21,
Security
In a significant move to combat cryptocurrency fraud, the U.S. Department of Justice (DOJ) announced the recovery of over $3.3 million in digital assets linked to sophisticated online investment scams. The crackdown reflects a broader effort by U.S. authorities to track and dismantle illicit crypto networks that