Indian crypto exchange CoinDCX hacked,  million drained

Indian crypto exchange CoinDCX hacked, $44 million drained

The cybersecurity exploit occurred due to a “sophisticated server breach,” CoinDCX CEO and co-founder Sumit Gupta announced on Saturday. Indian cryptocurrency exchange CoinDCX was hacked on Friday, leaving the exchange drained of $44 million.  The hackers compromised one of CoinDCX’s internal accounts used for “liquidity provisions” with another exchange through a server breach. No user…

Read More
Researchers foil M DeFi backdoor in thousands of smart contracts

Researchers foil $10M DeFi backdoor in thousands of smart contracts

The Venn Network team suspects the attack was linked to the North Korean Lazarus Group, citing its complexity and widespread deployment. Crypto security researchers uncovered and neutralized a critical threat affecting thousands of smart contracts, potentially preventing more than $10 million in crypto from being stolen.  On Thursday, pseudonymous Venn Network researcher Deeberiroz shared in…

Read More
Fake IT insiders behind M in crypto losses across NFT protocols — ZackXBT

Fake IT insiders behind $1M in crypto losses across NFT protocols — ZackXBT

Hackers and threat actors continue to infiltrate companies, blockchain projects and Web3 firms by exploiting remote work arrangements. Hackers posing as legitimate information technology (IT) workers who have infiltrated Web3 projects have stolen roughly $1 million in crypto during the past week, according to onchain investigator and cybersecurity analyst ZackXBT. Several entities were impacted including…

Read More
Politicians’ memecoins, dropped court cases fuel crypto ‘crime supercycle’

Politicians’ memecoins, dropped court cases fuel crypto ‘crime supercycle’

Blockchain sleuths ZachXBT and Taylor Monahan say crypto scammers have been emboldened with US regulators dropping crypto-related court cases and politicians endorsing memecoins. Memecoins promoted by political figures like Donald Trump, lax regulations, and crypto court cases abandoned by US regulators have kicked off a crypto “crime supercycle,” say a pair of blockchain crime investigators. …

Read More
Here’s what happened in crypto today

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, China’s central bank is establishing an international operations center to broaden the global reach of its digital yuan. In Iran, crypto exchange Nobitex was…

Read More