The crypto world has seen an increase in hacks recently, with one notable incident involving the Indian exchange WazirX, which lost nearly $230 million. Each transaction’s caller in this hack was funded by Tornado Cash, a decentralized protocol for private transactions. Tornado Cash has been highly involved in recent hacks
Losses stemming from hacks in the crypto sector fell by 67.9% in April to $60.2 million, compared to March 2024, as reported by blockchain security firm PeckShield Alert. According to the report, over 40 hacking incidents drained this sum across multiple protocols within the on-chain ecosystem. While this is significantly
As the crypto world navigates another tumultuous year, the specter of cybercriminals looms large. A string of heists has plagued the industry, amounting to over $735 million siphoned across 69 hacks so far in 2023, marking a staggering surge in digital theft. Among these, six stand as emblematic examples of
Cryptocurrency adoption has been on the rise recently, but it comes with a dark side as hacks and scams are also growing. The years 2022 and 2023 have been particularly damaging for the crypto world. In 2023, hackers managed to steal $1 billion, a 60% decrease compared to the previous
In November 2022, Bo Shen, the general partner of Fenbushi Capital, had his cryptocurrency assets stolen from his wallet address. Presently, he released a statement addressing this unfortunate incident. Bo Shen, an early investor in cryptocurrency, took to his official Twitter account to provide an update on the ongoing investigation
