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North Korean Hackers Escalate Crypto Heists, Funds Stolen Double To $1.6B
Wednesday, September 4, 2024 - 11:17am | 906The cryptocurrency industry has seen a significant increase in North Korean state-sponsored hackers intensifying their efforts to pilfer digital assets over the past year. These sophisticated cyberattacks have resulted in billions of dollars in losses, raising serious questions about the security...
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Ripple Co-Founder Hacked For $112.5M, XRP Drops 5%: 'Share With Us How The Hack Happened,' Observers Ask
Wednesday, January 31, 2024 - 1:44pm | 453Ripple's (CRYPTO: XRP) token experienced a significant drop of over 5% on Wednesday amid rumors of a network hack involving $112.5 million. Ripple's Executive Chairman and co-founder Chris Larsen addressed these concerns on X, stating the breach affected his personal XRP...
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Crypto Industry, Wake Up And Smell The Coffee, Your Security Is A Mess
Wednesday, October 25, 2023 - 12:47pm | 615The third quarter of 2023 has exposed significant security vulnerabilities in the cryptocurrency sector, with a staggering 117 hacks leading to a cumulative loss of $720 million. Hacken's comprehensive review of De.Fi's REKT database for the third quarter of 2023 highlighted that while...
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Crypto Attacks Fall 70%: But The Downward Trend Is A Temporary Lull, TRM Labs Says
Wednesday, May 24, 2023 - 12:29pm | 514The first quarter of 2023 saw a remarkable 70% decrease in cyberattacks on crypto projects and token protocols as compared to the same period last year, Coindesk reported citing security firm TRM Labs. Lower amounts were stolen in the first three months of 2023 compared to any quarter of 2022 due...
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Crypto Wallet BitKeep, Hit By $1M Hack, Pledges To Reimburse Affected Users
Tuesday, October 18, 2022 - 4:42am | 334Cryptocurrency wallet BitKeep was hacked on Tuesday, causing a loss of about $1 million, according to the company. BitKeep has promised to fully reimburse users hit by the exploit. What Happened: “Our development team has managed to contain the emergency and stopped the...