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Scams, Hacks & Breaches

Web3 Projects Lose $2,020,000,000 in 2023 to Hacks, Rug Pulls and Phishing Attacks: Crypto Security Firm

Web3 projects lost more than $2 billion in 2023 to hacks, rug pulls and phishing scams, according to the blockchain…

December 30, 2023

Decentralized Exchange Built on Osmosis Hit With Oracle Attack, Hacked for $1,140,000 Worth of Crypto

A decentralized exchange (DEX) built on Osmosis (OSMO) was hacked for $1.14 million worth of crypto this week. The Levana…

December 29, 2023

Telcoin Temporarily Freezes Use of Decentralized Remittance App Following $1,300,000 Exploit

Remittances-focused crypto project Telcoin (TEL) is offering an update after a cybersecurity breach that resulted in the loss of funds.…

December 27, 2023

Kyber Network Forced to Slash Staff by 50% After $46,500,000 Exploit, According to CEO

Decentralized finance (DeFi) platform Kyber Network is cutting its staff in half following a large exploit earlier this year, according…

December 26, 2023

Nearly $50,000,000 To Be Handed Out to Victims of Curve Finance Exploit After Vote

Decentralized finance (DeFi) protocol Curve Finance (CRV) says it will compensate users who sustained losses as a result of a…

December 24, 2023

Atomic Wallet Launches $1,000,000 Bug Bounty Program Months After Suffering Multi-Million Dollar Hack

Atomic Wallet is beefing up the security of its platform through a new initiative that will give monetary awards to…

December 21, 2023

Ledger Addresses Security Vulnerability Incident, Says Victims Will Be Made Whole After $600,000 in Losses

Hardware wallet firm Ledger is responding to a recent security vulnerability in its products that was exposed earlier this month.…

December 20, 2023

FTX Values Claims of Creditors Based on Prices of Digital Assets During Collapse of Exchange

Recent court documents indicate FTX's creditors' digital asset claims will be based on the near-bottom crypto prices at the time…

December 19, 2023

Crypto Company SafeMoon Files for Bankruptcy Following Founder and Executives’ Indictment on Fraud Charges Last Month

Blockchain firm SafeMoon is filing for bankruptcy after its founder and two executives were indicted on fraud charges in November.…

December 16, 2023

DOJ Accuses Four US Residents of Laundering Money for $80,000,000 ‘Pig Butchering’ Crypto Investment Scam

Four alleged perpetrators of a massive crypto investment scam are facing potential jail time of up to 20 years following…

December 15, 2023