ZachXBT called BlockDAG a scam, claiming it made up its recent announcement of a $375 million presale. He issued this warning in response to the community’s strong interest in the project. He offered no concrete proof, instead posting several pieces of circumstantial evidence. For now, it might be best to wait for more information. Could…
ZachXBT published a series of documents stolen from North Korean crypto hackers. These documents detail precisely how infiltrators attack crypto startups and how to fight back. Essentially, these hackers work in small teams to jointly operate dozens of fake personas, which then apply for IT jobs. Web3 startups’ own negligence and dismissive attitudes are these…
After entering a guilty plea, Do Kwon will likely receive a 12-year prison sentence followed by deportation from the US. His cooperation with the courts has apparently yielded significant leniency. The presiding Judge, Paul Engelmayer, emphasized that Kwon must pay $19 million in penalties and accept culpability for Terraform’s criminal activities. Do Kwon Will Get…
CrediX users suspect a rug pull after suffering a $4.5 million hack last week. Despite promising to reimburse users quickly, the firm instead shuttered its website and social media profiles. Around $400,000 of stolen money moved onto Tornado Cash, but CrediX may not have been directly complicit. Either way, several non-custodian platforms still offer their…
A new crypto scam is taking off, as thousands of fake TikTok clones are infecting their users with malware. These apps appear normal using counterfeit profiles and AI-generated content while stealing user seed phrases. A cybersecurity firm documented at least 15,000 impersonated websites with lookalike domains, but it’s unclear how widespread the campaign has been….
AI deepfake scams are a rising threat in the crypto industry. In a recent case, hackers managed to steal $2 million by impersonating the founder of Plasma, a specialized stablecoin blockchain, and using fake audio to reassure the target into downloading dangerous malware. Additionally, AI coding is enabling low-skill attackers to craft sophisticated protocols for…
A critical vulnerability in a popular WordPress plugin can allow hackers to hijack user-facing crypto websites. This vulnerability potentially creates opportunities for malicious actors to inject phishing pages, fake wallet links, and malicious redirects. While this flaw doesn’t affect wallet backends or token contracts, it exposes the front-end infrastructure that users rely on to safely…
A TikTok user went viral for reporting a new phishing scam targeting Coinbase users. This sophisticated attacker used a US-based phone number and accent, and apparently sent genuine Coinbase emails. Ultimately, however, the attack did not work. At several points, the intended victim expressed skepticism and unwillingness to reveal private information, and the scammer eventually…
RealT, a Florida-based RWA issuer, is being sued after offering tokenized shares of dozens of homes it does not own. Additionally, code and tax violations have accumulated over 408 properties in RealT’s possession. This incident highlights a serious potential problem for the entire RWA market. Can these companies really offer returns on property incomes, or…
According to blockchain security firm Cyvers, crypto exchange WOO X suspended transactions after a hack stole $14 million of user funds. It’s unclear how this breach took place, but damage is apparently isolated to user accounts instead of company-affiliated wallets. So far, the exchange has been proactive in informing its users, quickly admitting that the…