Everything web3, crypto, defi, degen
In brief Only a small number of users were affected and no funds were lost, the crypto platform said. Investigators traced the breach to Noah Urban, who used social-engineering tactics to gain access to victim’s funds. Urban was indicted in 2024, pleaded guilty in April, and sentenced last month to a decade in prison. Crypto.com,…
In brief GK8 researchers have discovered threat actors recruiting professional voice impersonators on underground forums to target U.S. crypto executives. The personalized “vishing” campaigns make operatives up to $20,000 monthly. Attackers possess curated datasets of executive personal information and use deepfake technology, voice changers, and sophisticated infrastructure to bypass traditional security measures. Cybercriminals are recruiting…
In brief A Binance Smart Chain user fell victim to a phishing scam and lost $13.5 million worth of tokens on Tuesday. Early reports suggested that BNB lending platform Venus Protocol had been hacked, but blockchain security firms subsequently confirmed that this was not the case. Venus Protocol and security firm PeckShield are in contact…
In brief ASIC has removed more than 14,000 scam and phishing websites in two years, with crypto scams making up about 20%. The regulator will now target fraudulent ads on social media platforms such as Facebook and Instagram. Investment scams cost Australians nearly $1 billion in 2024, with tactics like “AI washing” emerging as new…
In brief An investor lost 783 Bitcoin—$91 million worth a the time—to a social engineering scam, according to on-chain sleuth ZachXBT. The threat actor allegedly used a coin-mixing service to try to cover their tracks. ZachXBT alleged that three individuals used similar tactics to steal $243 million worth of Bitcoin a year ago. A crypto…
In brief North Wales Police are investigating a $2.8 million (£2.1 million) Bitcoin theft in which a cybercriminal posed as a senior detective. The scammer claimed that the victim’s personal details had been found on the phone of someone recently arrested, before pressuring them to “secure their funds” via a phishing link. The force noted…
In brief The FBI has released an updated advisory warning that fictitious law firms are targeting victims of crypto scams for further exploitation. The agency noted that scammers return to the scene of the crime, winning former victims’ trust because they know the details of lost funds and when transfers were made. Members of the…
In brief An indictment was unsealed against former Zero Edge CEO Richard Kim. He allegedly admitted to gambling away the crypto casino firm’s seed round funding. Federal prosecutors say he misappropriated $3.8 million. Federal prosecutors in New York are pursuing fraud charges against the former CEO of a crypto-powered casino, claiming the 39-year-old gambled away…
In brief Binance chief security officer, Jimmy Su, told Decrypt that North Korean attackers are the single biggest threat to crypto companies. He said that the centralized exchange throws away suspicious resumes every single day, and sometimes catches the malicious actor red handed during a video call. That’s not all, North Korean attackers also poison…
In brief Apple co-founder Steve Wozniak says YouTube ignored multiple takedown requests after his likeness was used in a bitcoin scam. Wozniak’s warning comes amid a rise in AI-powered deepfake fraud targeting tech leaders. Last week, a UK MP called for YouTube ads to face the same regulation as TV and radio advertising. Apple co-founder…
