Defi Protocol LI.FI Struck by $8M Exploit coindesk.com 16 July 2024 14:30, UTC Security firm Decurity claims the exploit involves the LI.FI bridge. $5.8 million worth of ether and several million worth of stablecoins was suspiciously withdrawn. Decentralized finance (DeFi) platform LI.FI protocol has been hit by a roughly $8 million exploit following a…
Degen Chain User Loses 90% of Funds, Users In Trouble? coingape.com 16 July 2024 15:34, UTC A Degen Chain user has lost 90% of his assets totaling 785,000 DEGEN due to a spillage difference in cross-chain transactions. The transaction of DEGEN from the chain to Base encountered issues as a result of poor liquidity…
Missing words in a seed phrase: How many are recoverable? cointelegraph.com 17 July 2024 21:28, UTC cointelegraph.com
Washington financial watchdog warns of scam involving fake crypto ‘professors’ crypto.news 17 July 2024 10:58, UTC A new scam is targeting cryptocurrency investors, with the bad actors masquerading as business “professors.” According to a warning issued by the Washington State Department of Financial Institutions (DFI), the scheme starts with advertisements on social media platforms…
CDK Global Reportedly Pays $25 Million in Bitcoin to Resolve Ransomware Attack beincrypto.com 14 July 2024 22:39, UTC A ransomware group tied to a June cyberattack on CDK Global received over $25 million in Bitcoin, as reported by on-chain investigator ZachXBT. Last month, CDK Global faced an attack that disrupted its software, affecting around…
Ethena Discord gets hacked, users advised to not click any links cryptopolitan.com 14 July 2024 18:19, UTC Blockchain detective ZachXBT just shared that the Discord of the Ethereum synthetic dollar protocol known as Ethena. Zach has called on to users to not click any links that could be shared because they’ll likely lead to…
The Dark Side of AI in Crypto: How Scammers are Exploiting the Tech coinedition.com 15 July 2024 08:21, UTC Artificial intelligence, hailed as a revolutionary tool, is now becoming a double-edged sword in the crypto world. Scammers and bad actors are increasingly harnessing AI’s power to manipulate markets, swindle investors, and undermine the trust…
