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Funds lost in pig butchering crypto scams soared 40% in 2024: Chainalysis

In 2024, pig butchering crypto scams surged, targeting more victims and utilizing AI tools, with Huione Guarantee emerging as a key facilitator for these illicit activities.

theblock.co • 14/02/2025 - 08:08 AM

The Daily: Trump to tap a16z's Brian Quintenz for CFTC chief, Elon Musk-related memecoin dumps and more

President Trump plans to nominate Brian Quintenz, head of global policy at venture capital firm a16z crypto, to chair the Commodity Futures Trading Commission, Bloomberg reported, citing a document sent by the White House to Capitol Hill. Elon Musk’s latest profile change on X to “Harry Bōlz” triggered another memecoin pump-and-dump frenzy.

theblock.co • 12/02/2025 - 17:31 PM

Ransomware extortion drops 35% in 2024 amid crypto exchange crackdowns and increasing refusal to pay: Chainalysis

Ransomware payments reduced by 35% to $813 million in 2024, with more victims resisting payments amid effective law enforcement actions and international cooperation.

theblock.co • 05/02/2025 - 13:00 PM

Crypto kicks off 2025 with $74 million lost to hacks in January: Immunefi

In January 2025, the crypto industry lost $73.9 million due to 19 hacking incidents, with BNB Chain being the most targeted network.

theblock.co • 30/01/2025 - 14:01 PM

NoOnes CEO Ray Youssef discloses $8 million exploit weeks after the fact, confirming crypto sleuth ZachXBT's investigation

NoOnes, a P2P crypto trading platform, lost $8 million in a security breach resulting from an exploit of its Solana bridge, as confirmed by CEO Ray Youssef.

theblock.co • 24/01/2025 - 21:09 PM

North Korea hack group possibly behind $70 million Phemex exploit, experts say

North Korean hackers are suspected of exploiting the Phemex crypto exchange, stealing over $70 million through a complex, coordinated attack across multiple blockchain platforms.

theblock.co • 23/01/2025 - 23:11 PM

Telegram malware crypto scams rampant over traditional phishing: Scam Sniffer

Malware scams targeting crypto investors on Telegram surged by 2000%, surpassing traditional phishing, as attackers leverage sophisticated tactics to steal sensitive information.

theblock.co • 16/01/2025 - 09:24 AM

The 10 worst crypto hacks and exploits of 2024

In 2024, cryptocurrency hacks resulted in nearly $2.2 billion stolen — an increase of more than 22% from the $1.8 billion in 2023. Notable hacks targeted centralized exchanges such as DMM Bitcoin, WazirX and BingX, and DeFi protocol designs continued to be exploited. State-sponsored attacks, like those attributed to the Lazarus Group, were also reported. The largest hack was against DMM Bitcoin, which lost over $300 million due to potential vulnerabilities like stolen private keys.

theblock.co • 01/01/2025 - 08:01 AM

Uniswap taps Blockaid for new token warning system

Uniswap integrates Blockaid's technology to enhance user protection by flagging malicious tokens, addressing fraud in the crypto ecosystem, and improving DeFi confidence.

theblock.co • 23/12/2024 - 19:36 PM

The Daily: Pudgy Penguins' PENGU token goes live, LastPass exploiters drain millions of dollars in crypto and more

Pudgy Penguins launched its PENGU token while LastPass breach-related hacks continue. Lido phases out Polygon staking, and Tether invests in StablR for European stablecoin adoption.

theblock.co • 17/12/2024 - 19:11 PM

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