Breaking News: HACKS – Market Insights, Analysis & Latest Updates

US sentences man to 5 years in prison for $20 million crypto fraud involving fake Coinbase website

An Indian national, Chirag Tomar, was sentenced to 60 months in prison for stealing over $20 million from victims using a spoofed Coinbase website.

theblock.co • 18/10/2024 - 09:38 AM

Radiant Capital appears to suffer $51 million exploit on its BNB Chain and Arbitrum instances

Radiant Capital is facing an exploit resulting in losses of $51 million, with security concerns regarding their contracts on Ethereum Layer 2 and BNB Chain.

theblock.co • 16/10/2024 - 18:39 PM

The Daily: Cosmos co-founder blames Iqlusion over North Korea-linked security risks, Italy plans 42% capital gains tax on bitcoin and more

Jae Kwon criticizes Iqlusion over security issues; Italy raises bitcoin tax to 42%; US seeks shorter sentence for Bitfinex hacker; TON blockchain partners with Axelar; Trump promotes crypto.

theblock.co • 16/10/2024 - 17:35 PM

US prosecutors call for reduced five-year prison sentence for 2016 Bitfinex hacker Ilya Lichtenstein

U.S. prosecutors seek a five-year sentence for Ilya Lichtenstein over the Bitfinex hack, highlighting cooperation in investigations. His wife, Heather Morgan, faces an 18-month sentence.

theblock.co • 16/10/2024 - 13:44 PM

The Daily: MicroStrategy eyes trillion-dollar valuation in bitcoin bank endgame, Paradigm invests $20 million in Layer 2 project and more

Today's newsletter highlights MicroStrategy's potential bitcoin bank valuation, Paradigm's investment in a Layer 2 blockchain, Arkham's exchange launch, and market implications of China's fiscal stimulus.

theblock.co • 11/10/2024 - 17:40 PM

$35 million worth of tokens drained from a crypto whale in phishing attack

A phishing attack resulted in a crypto whale losing 15,079 fwDETH, worth $35 million, causing a sharp drop in the value of DETH.

theblock.co • 11/10/2024 - 08:38 AM

Revolut prevented $13.5 million in crypto losses for customers via fraud protection measures

Revolut prevented $13.5 million in crypto losses through enhanced security measures and algorithms, highlighting its commitment to fraud protection amid decreasing crypto-crime rates.

theblock.co • 08/10/2024 - 00:01 AM

Over $5 million in crypto stolen from Coinbase users in alleged recent social engineering scheme: ZachXBT

ZachXBT recovers $275,000 in cryptocurrencies for a scammed Coinbase user, revealing $5 million linked to the fraud amid rising crypto scams and theft reports.

theblock.co • 07/10/2024 - 16:22 PM

Ethereum remains whitehat hackers' blockchain of choice, with Polygon, Arbitrum, Optimism and Solana on the rise: Immunefi

Ethereum remains the top choice for crypto whitehat hackers, while Polygon and others gain traction. Key trends and challenges in the ethical hacking ecosystem are highlighted.

theblock.co • 07/10/2024 - 14:05 PM

HACKS
MIXERS

U.S. moves to seize $2.7 million from Lazarus hacks traced through Tornado Cash, other mixers

Recent U.S. forfeiture actions reveal North Korean hackers' techniques for laundering funds through crypto mixers after stealing $2.67 million from exchanges like Deribit and Stake.com.

theblock.co • 06/10/2024 - 19:11 PM

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