The cryptocurrency market faced a alarming surge in security breaches in July, with losses skyrocketing to $142 million—a 27.2% increase from June. Social engineering attacks emerged as the dominant threat, exploiting human vulnerabilities to bypass even the most robust security systems. Let’s break down what happened and how you can safeguard your assets. Why Did […]
In a major move to bolster user confidence, Crypto.com has announced a $120 million digital asset insurance coverage for assets held by its Custody Trust Company. This development underscores the platform’s commitment to crypto security and safeguarding user funds. Why is Crypto.com’s Digital Asset Insurance a Game-Changer? The $120 million coverage is split into two […]
In a shocking turn of events, the ZKSpace proxy contract has been targeted in a $4 million suspicious transaction linked to Tornado Cash. This breach raises serious concerns about security in the Ethereum and BNB Chain ecosystems. Here’s what you need to know. What Happened in the ZKSpace Proxy Attack? Cyver Alerts reported that a […]
A critical threat has emerged targeting macOS users in the cryptocurrency space. Cybercriminals are deploying a Fake Ledger Live app, designed to look identical to the legitimate application, with the sole purpose of stealing users’ vital seed phrases and subsequently draining their digital assets. This particular crypto scam highlights the ongoing need for vigilance and […]
In a shocking revelation that has sent ripples through the crypto community, Bybit CEO Ben Zhou has announced that a significant portion of the funds stolen in the recent March hack remains untraceable. This news underscores the ever-present challenges of cryptocurrency security and the complexities of asset recovery in the decentralized world. Let’s dive into […]
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