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Social Engineering Scams Hit Coinbase Users Hard: $65M Stolen, Actual Losses Likely Higher

Over the past two months, Coinbase users have reported a surge in account restrictions, which appear linked to the company’s aggressive risk models and an ongoing wave of social engineering…

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US Prosecutors Charge Canadian Hacker in $65M Crypto Heist

U.S. authorities have charged 22-year-old Canadian Andean Medjedovic for allegedly stealing approximately $65 million from two decentralized finance (DeFi) protocols, Indexed Finance and KyberSwap. The U.S. Department of Justice (DOJ)…

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Illicit On-Chain Activity Expands Beyond Cybercrime to National Threats: Chainalysis

As cryptocurrency gains mainstream traction, its use in illicit activities has diversified, extending beyond traditional cybercrime. Chainalysis has warned that these activities even include threats like national security breaches and…

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Notorious ‘Blockchain Bandit’ Resurfaces, Moves 51,000 ETH in Largest Fund Transfer

After a brief hiatus, the notorious “Blockchain Bandit” has re-emerged as the year ends, consolidating a staggering 51,000 ETH, valued at approximately $172 million, into a single multisig wallet. This…

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Access Control Vulnerabilities Cause $1.7B in Losses Across CeFi, DeFi, and Gaming

Access control vulnerabilities have emerged as the leading cause of crypto hack losses in 2024, accounting for a whopping 75% of total damages across decentralized finance (DeFi), centralized finance (CeFi),…

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