A notorious hacking group known as “Pink Drainer” has been exposed as the mastermind behind a series of cybercrimes targeting Discord and Twitter users. These illicit activities have resulted in the theft of over $18 million from more than 9,000 individuals.One of their high-profile heists involved stealing $4.4 million worth of Chainlink (LINK) from a […]
A federal judge has sentenced cryptocurrency entrepreneur Do Kwon and his company Terraform Labs for violating US law by failing to register two digital currencies that collapsed in 2022. The ruling could have significant implications for the crypto industry. US District Judge Jed Rakoff sided with the US Securities and Exchange Commission (SEC) in a […]
A Chainlink (LINK) crypto investor recently fell victim to a sophisticated phishing attack, resulting in a devastating loss of approximately $4.66 million. The investor had accumulated a portfolio of 290,750 LINK tokens valued at $2.26 million through savvy trading strategies, which had allowed them to profit nearly $2.4 million.However, their financial success took a turn […]
In a devastating phishing attack, a Chainlink (LINK) holder lost a staggering $4.66 million worth of cryptocurrency. The incident was brought to light by Lookonchain, a data analytics firm, through a tweet. The victim had accumulated 290,750 LINK tokens, valued at $2.26 million, through trading on various exchanges. However, they fell victim to a phishing […]
In 2023, an estimated $1.8 billion was lost to hackers and scammers in the Web3 space. Nearly one-fifth of these losses were attributed to the Lazarus hacker group, which has connections to North Korea.According to data from the blockchain security platform Immunefi, the biggest hack of the year occurred on the peer-to-peer trading platform Mixin […]
Terraform Labs, the blockchain company, has achieved a partial victory in a case brought against it by the U.S. Securities and Exchange Commission (SEC). Judge Jed Rakoff issued a summary judgment in favor of Terraform Labs, stating that the firm did not engage in transactions involving security-based swaps. However, the judge also ruled that various […]
A crypto hacking group known as “Pink Drainer” has recently been linked to a significant theft of $4.4 million worth of Chainlink LINK cryptocurrency. The victim was tricked into signing an “Increase Approval” function, resulting in the draining of 275,700 LINK in just a minute. The stolen funds were divided between two wallets, with 68,925 […]
In a groundbreaking decision, U.S. District Judge Jed Rakoff ruled in favor of the Securities and Exchange Commission (SEC), confirming that Terraform Labs and its founder, Do Kwon, engaged in the offering and sale of unregistered securities. The ruling specifically involves cryptocurrencies such as LUNA and UST, marking a significant victory for the SEC and […]
Catalyx, a prominent Canadian cryptocurrency exchange, has temporarily suspended all trading activities, deposits, and withdrawals following a security breach. The company suspects the involvement of one of its employees and has initiated an investigation. The exact extent of the funds lost has not been disclosed, but the exchange has taken precautionary measures by halting all […]
Canadian crypto exchange Catalyx has temporarily suspended all trading activity and withdrawals after discovering a security breach. The breach is suspected to involve one of the company’s employees, leading to the loss of a portion of the crypto assets held on behalf of clients. The exact amount of assets lost has not been disclosed.In response […]
