Decentralized finance protocols are more and more stepping again from public Discord servers, arguing {that a} platform as soon as central to crypto neighborhood constructing has changed into a safety threat that’s more durable to justify as the sector matures. The shift moved into sharper focus this week after Morpho, a serious DeFi lending protocol,…
A just lately ratified regulation within the state of Louisiana has helped seniors get well $200,000 following a Bitcoin ATM-related rip-off operation. This improvement represents a advantageous instance of presidency defending customers’ pursuits even whereas encouraging digital asset adoption. Louisiana Law Presents Major Hurdle For Crypto Scammers According to a report by native media 7KPLC,…
Phishing losses fell drastically in 2025 by over 83% in comparison with the earlier 12 months. However, the underlying knowledge present that decreased figures don’t translate to a decline in safety threats. Crypto Phishing Losses Down From $494M To $84M In 2025 A phishing assault happens when an unsuspecting consumer is tricked into giving up…
Crypto-related losses from hacks and cybersecurity exploits fell sharply in December, dropping 60% month-on-month to about $76 million, in accordance to blockchain security firm PeckShield. Key Takeaways: Crypto hack losses fell 60% in December to $76 million, marking a pointy drop from November’s ranges. A single deal with poisoning rip-off accounted for $50 million of…
The Brooklyn District Attorney’s Office, Kings County, has charged a person for allegedly defrauding $16 million from unsuspecting people by posing as a Coinbase consultant. The elaborate rip-off, which reportedly ran from April 2023 to December 2014, resulted in about 100 victims, 70 of whom had been interviewed over the course of the investigation. Brooklyn…
An unsuspecting crypto consumer has not too long ago misplaced $50 million USDT in an handle poisoning rip-off. The incident represents one of many largest on-chain losses in 2025, drawing reactions from crypto safety consultants as new developments on the matter roll in. Copy-Paste Mistake Costs User 50M USDT Address poisoning is a rip-off through…
A crypto consumer misplaced almost $50 million in USDT to an deal with poisoning rip-off after copying a fraudulent pockets deal with from their transaction historical past, in keeping with blockchain safety agency SlowMist. The sufferer transferred 49,999,950 USDT to an attacker-controlled deal with that intently mimicked their meant vacation spot, with matching first three…
A Bitcoin investor misplaced his retirement financial savings after falling sufferer to a so-called “pig butchering” rip-off, regardless of repeated warnings from his advisory agency, in accordance to a firsthand account shared by a Bitcoin wealth adviser. Key Takeaways: A Bitcoin investor misplaced his retirement financial savings after ignoring warnings and sending funds to a…
Management of bankrupt crypto change FTX has issued a warning that collectors ought to watch out for phishing campaigns. Notably, this assertion comes after the FTX Recovery Trust commenced its third settlements distribution following the change’s surprising collapse in November 2022. Bad Actors Target FTX Creditors Via Phishing Scams Recent reports by Bitcoinist suggest that…
Prominent web3 safety outfit Scam Sniffer stories that crypto buyers suffered an elevated variety of phishing scams in August. Notably, whole property misplaced to those scams over the last month signify an estimated 72% enhance from July, representing a regarding growth for the final crypto trade. Crypto Whales Take Biggest Hit From Phishing Attacks In…