Stake.com, the world’s largest crypto casino, has suffered a major hack resulting in a loss of $41.3 million. The platform has suspended all deposits and withdrawals, leaving many users unable to access their funds. According to Cyvers, a crypto security firm, and Beosin, a web3 security agency, the majority of the stolen funds were drained […]
A security firm, Cyvers Alerts, has flagged suspicious transactions from the cryptocurrency gambling platform Stake, totalling $16 million on September 4. Blockchain evidence suggests that the funds were siphoned off as a result of a stolen private key. The hacker transferred $3.9 million worth of Tether (USDT), 6,001 Ethereum (ETH) worth $9.8 million, $900,000 worth […]
A recent tweet by Chinese journalist Colin Wu provided an update on a significant crypto hack that took place in August. The hack targeted BitBrowser, a platform frequently used by cryptocurrency enthusiasts who participate in airdrops. The perpetrators of the breach transferred 236.27 Ethereum tokens, worth approximately $386,000, to a crypto mixer named eXch in […]
The co-founders of the blockchain gaming platform Gala Games, Wright Thurston and Eric Schiermeyer, have filed lawsuits against each other in a Utah District Court. Schiermeyer claims that Thurston stole $130 million worth of GALA tokens at the beginning of 2021, while Thurston claims Schiermeyer has been wasting company assets and borrowing money from Gala […]
The co-founders of the blockchain gaming platform Gala Games, Wright Thurston and Eric Schiermeyer, have locked horns in court. Thurston, through his investment company True North United Investments, is accused of stealing $130 million worth of GALA tokens. Schiermeyer is suing Thurston for the return of the tokens and for him to step down from […]
The US National Security Agency (NSA), Cybersecurity and Infrastructure Security Agency (CISA), Federal Bureau of Investigation (FBI), and the UK National Cyber Security Centre (NCSC) have released a joint report warning users to be vigilant against a recently discovered malware that is targeting crypto wallets and exchanges.The advisory report revealed a malware campaign conducted by […]
Crypto asset manager Grayscale Investments recently won a lawsuit against the U.S. Securities and Exchange Commission (SEC) in its effort to convert its Grayscale Bitcoin Trust (GBTC) into a Bitcoin exchange-traded fund (ETF). The SEC had alleged that the GBTC didn’t have enough safe practices and fraud protection in place. Judge Neomi Rao accepted Grayscale’s […]
FTX, a collapsed crypto exchange, has moved almost $10 million in altcoins from Solana to Ethereum since Aug. 31 for undisclosed reasons. The tokens include LINK, SUSHI, LUNA, and YFI, and the transfers were conducted through Wormhole Bridge. It is unclear if the transfers are connected to the exchange’s bankruptcy proceedings or its recent request […]
Immunefi, a security services platform that offers protection against Web3 bugs, estimated that hackers and fraudsters have drained approximately $23.4 million worth of digital assets from crypto projects in August. This figure is 92% less than the recorded losses in July when wrongdoers siphoned over $320 million. According to Immunefi, the exact losses that crypto […]
The Securities and Exchange Commission (SEC) has taken an unexpected step in its ongoing case against Binance, the world’s leading crypto exchange. This week, the SEC submitted a sealed motion with over 35 exhibits to the court. Filing documents “under seal” is not common practice for the SEC and allows for the submission of sensitive […]
