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🔐 Cyber News (Apr 3, 2024): 1️⃣ Tether: Tether, the issuer of the #USDT stablecoin, has announced the successful completion of a System and Organization Controls 2 (SOC 2) Type I audit. SOC 2 is an independent audit, control, and reporting system developed by AICPA. It assesses control procedures for managing cybersecurity risks, with special attention to data privacy and confidentiality. 🔒 2️⃣ Shual: Just days after its launch, the number of transactions on Degen Chain surpassed 272,000. According to experts, this surge in activity is linked to the creation of meme coins and speculative tokens on the network. On-chain analyst Shual reported that since the launch of Degen Chain on March 28, 2024, over 7,500 contracts and 2,300 tokens have been deployed on the network, with the majority associated with fraudulent activities. 💸 3️⃣ PeckShield: In March 2024, over 30 incidents related to cybersecurity and fraud were recorded in the cryptocurrency sphere. The total damage amounted to $138.29 million, of which $98.8 million was recovered, a decrease of 48% compared to February. 💰 4️⃣ j: Users of the Lido Finance project are unable to retrieve their #Solana (SOL) tokens staked in the protocol, totaling $24 million. 🔄 5️⃣ FixedFloat: The #FixedFloat cryptocurrency exchange experienced its second attack of the year. Experts estimated the damage to be at least $2.8 million. According to the team's statement, the platform was attacked by the same group of hackers responsible for the breach on February 16. While the exchange's infrastructure allegedly remained intact, the hackers exploited a vulnerability in a third-party service provider. ⚠️ 🔔 Subscribe to our channel to stay updated on the latest news from the world of cryptocurrency!

🔐 Cyber News (Apr 3, 2024):

1️⃣ Tether: Tether, the issuer of the #USDT stablecoin, has announced the successful completion of a System and Organization Controls 2 (SOC 2) Type I audit. SOC 2 is an independent audit, control, and reporting system developed by AICPA. It assesses control procedures for managing cybersecurity risks, with special attention to data privacy and confidentiality. 🔒

2️⃣ Shual: Just days after its launch, the number of transactions on Degen Chain surpassed 272,000. According to experts, this surge in activity is linked to the creation of meme coins and speculative tokens on the network. On-chain analyst Shual reported that since the launch of Degen Chain on March 28, 2024, over 7,500 contracts and 2,300 tokens have been deployed on the network, with the majority associated with fraudulent activities. 💸

3️⃣ PeckShield: In March 2024, over 30 incidents related to cybersecurity and fraud were recorded in the cryptocurrency sphere. The total damage amounted to $138.29 million, of which $98.8 million was recovered, a decrease of 48% compared to February. 💰

4️⃣ j: Users of the Lido Finance project are unable to retrieve their #Solana (SOL) tokens staked in the protocol, totaling $24 million. 🔄

5️⃣ FixedFloat: The #FixedFloat cryptocurrency exchange experienced its second attack of the year. Experts estimated the damage to be at least $2.8 million. According to the team's statement, the platform was attacked by the same group of hackers responsible for the breach on February 16. While the exchange's infrastructure allegedly remained intact, the hackers exploited a vulnerability in a third-party service provider. ⚠️

🔔 Subscribe to our channel to stay updated on the latest news from the world of cryptocurrency!

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🔐 Cyber News (June 9, 2024): 1️⃣ Swift: The team behind the #Gemholic ecological project within the #ZkSync Era ecosystem faces allegations of executing a rug pull amounting to $3.5 million. As per statements from affected users and select experts, the developers withdrew funds from the protocol and promptly erased all traces from social media platforms. 🌿 2️⃣ NY AG James: Letitia James, head of the New York State Attorney General's office (NYAG), has initiated legal action against NovaTechFx and AWS Mining on charges of fraud and investor deception. Operating akin to a Ponzi scheme, these companies defrauded over 11,000 residents of New York, with a focus on exploiting religious communities and Haitian immigrants. ⚖️ 3️⃣ PeckShield: Observations from cybersecurity analysts indicate a surge in hacker activity. The cumulative losses from these illicit activities are poised to exceed the previous year's figures, with hackers siphoning off $575 million in May 2024 alone. 🛡️ 4️⃣ Sky Mavis: Sky Mavis, the studio behind Axie Infinity's development, has successfully recovered $5.7 million pilfered from the Ronin sidechain. This retrieval was made possible through collaboration with the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime. 🐉 5️⃣ Justice: Three British nationals stand accused by the US Attorney's Office of amassing $3 million through fraudulent means involving a collection of non-fungible tokens (NFTs). Mohamed-Amin Acha, Mohamed Rilaz Valida, and Daud Hassan orchestrated the "Evolved Apes" NFT collection with the explicit purpose of duping investors and absconding with their funds. 🎭 👍 If you found this update insightful, feel free to like, share, and subscribe for more intriguing news!
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