According to a 2022 report from blockchain risk monitoring firm Solidus Labs, more than 117,000 scam tokens were deployed in the year up until December, a 41% increase from 2021. As a matter of fact, 15 new scam tokens are detected every hour, and almost 2 million investors have lost funds to rug pulls. Learn More Bitrace warns of new crypto scam using QR codes According to a social media post by blockchain analysis firm Bitrace, scanning the wrong QR code could drain your wallet.
Bitrace is warning of a new type of crypto scam “where theft is carried out through a payment QR code transfer test, essentially deceiving users into authorizing wallets.” Learn More FBI’s crypto warning as India, Australia join global crackdown: ‘Fraud alert!’ Recently, the Enforcement Directorate (ED), an Indian investigation agency, raided the cities of Leh, Jammu, and Sonipat on the 2nd of August, seizing Rs 1 crore and documents tied to a fraudulent cryptocurrency scheme.
The Indian cryptocurrency exchange WazirX is planning to restore the balances of all platform accounts following the halt of withdrawals caused by a $235-million hack in July 2024. WazirX officially announced on Aug. 8 that the platform will undo all trades carried out after the withdrawal suspension on July 18.
“All users will have their portfolio balances on the WazirX platform restored to what they were on July 18, 2024,” the announcement said, adding that the account recovery will be conducted over the next few days. Affected users will receive an email notification on the affected trades.
faced a multisig wallet hack with over $230 million worth of crypto assets compromised, including SHIB, PEPE and others. Indian crypto exchange WazirX experienced a security breach termed a "methodical attack." Attackers targeted the exchange's multisig wallet on the Ethereum network. The largest unauthorized transaction involved over 5 trillion SHIB tokens. WazirX has shut down its crypto transactions following the attack.
Nearly $235 million worth of crypto assets were compromised.
I'll show you in a few short steps how you can still take part in the officially ended AirDrop. Look at the photos, if you have any questions you can post the comments
1. Open Web3Wallet
2. "discover" at the bottom right
3. View all exclusive...
4. then under "Ended" —> UXLINK
5. Claim the reward (I think it lasts until November 2024)
If the link is no longer active, here is the direct link above, you could also participate via the link https://dapp.uxlink.io/uxnft
🚀 Don't miss this promotion in the Web3 Wallet. And do me a favor and use my referral code
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#Cryptohack losses double — DMM Bitcoin, BtcTurk hit hardest
Crypto hacks, frauds total doubled in second quarter over year earlier. Second quarter saw more than $572 million stolen. Funds recovery to date is about 5%. Crypto losses to hacks and rug-pulls in the second quarter doubled compared to the same period last year, according to security platform Immunefi.
Losses totalled almost $573 million in the second quarter, mostly to hacks, while $8.4 million was lost to frauds, the report said.
That aligns with data from DefiLlama that suggest crypto projects have lost some $664.3 million to hacks and exploits this year.
REMILIA DAO #HACKER TRANSFERS $4.3M IN STOLEN CRYPTO THROUGH TORNADO CASH
REMILIA DAO TRANSFERS $4.3M IN STOLEN CRYPTO THROUGH TORNADO CASH In a bold move that has sent ripples through the crypto community, the hacker behind the Remilia DAO exploit has moved a staggering $4.3 million worth of stolen Ether through the notorious crypto mixer, Tornado Cash. This development marks a significant escalation in the aftermath of the Remilia hack that took place on March 16, which saw millions of dollars in non-fungible tokens (NFTs) and Ether siphoned from the decentralized
Kraken Says #Hackers Turned to 'Extortion' After Exploiting Bug for $3M
The bug found by a "security researcher" led to nearly $3 million stolen from Kraken's treasuries. Kraken said third-party security researchers found a vulnerability, which was fixed by the crypto exchange. The researchers secretly withdrew nearly $3 million and refused to give it back without seeing the bounty amount first, Kraken said. Blockchain code editor Certik said it found a vulnerability in Kraken's platform and claims to have been "threatened" by the exchange.
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