🔐 Cyber News (July 22, 2024):

1️⃣ PeckShield: The #ETHTrustFund project team from the Base ecosystem has been accused of conducting a rug pull. Experts from PeckShield and several affected users claim that the developers withdrew funds from the protocol and have since become unresponsive. Notably, the ETHTrustFund page on X and the official site ethtf.io are inaccessible at the time of publication. 🛑

2️⃣ Match Systems: The crypto-phishing service Angel Drainer has suspended its operations after cybersecurity researchers from Match Systems identified its organizers. 🔒

3️⃣ Cyvers Alerts: On July 18, Cyvers Alerts reported a hack on the Indian cryptocurrency exchange WazirX. Experts detected a series of suspicious transactions from the platform’s multisig wallet on the Ethereum network, which resulted in assets worth $234.9 million being transferred to a new address. The exchange has acknowledged the incident, suspended all withdrawals, and initiated an investigation. 🔍

4️⃣ The Block: Audits of DeFi projects utilizing zero-knowledge proof (ZK) technology have revealed critical errors twice as often compared to other cases. ⚠️

5️⃣ DEGEN: A user of the L3 solution Degen Chain, known as Tempe.degen, reported losing 90% of their funds during a cross-chain transfer. The project team attributed the issue to third-party service providers. 💸

If you found this update helpful, don't forget to subscribe for more news, give us a like, or share your thoughts in the comments below! 👍