Australian police have seized $6.4 million in cryptocurrency tied to a global criminal group. The seizure was part of “Operation Kraken”, a long-running investigation. Authorities revealed that the funds were linked to the group’s alleged leader. Operation Kraken is a collaborative effort involving Australia and international law enforcement. However, the
In September 2024, the cryptocurrency industry faced significant security breaches, resulting in losses exceeding $120 million. Various attacks targeted centralized exchanges and DeFi platforms, raising alarms about security measures in the industry. PeckShield, a blockchain security company, reported that multiple exchanges suffered during this wave of hacks. Notably, the BingX
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
