CertiK has contacted law enforcement in the U.S. and U.K. to find the pseudonymous operators.
April’s crypto scams, exploits and hacks lead to $103M lost — CertiK
The month was particularly bad for exploits, with the amount lost accounting for half of the total crypto exploited so far in 2023.
Allbridge offers bounty to exploiter who stole $573K in flashloan attack
Allbridge offered a hacker who pilfered $573,000 from its platform a chance to come forward as a white hat and forgo any legal ramifications.
$4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges
Kokomo Finance’s social media presence and websites are offline, while the price of the KOKO token fell more than 95% within a matter of minutes.
Debate over 2FA using SMS after sim-swapping victim sues Coinbase
While members of the crypto community are doubtful the lawsuit against Coinbase will be successful, it has sparked a conversation about the issues with SMS 2FA.
Notorious Monkey Drainer crypto scammer says they’re ‘shutting down’
The scammer behind the crypto wallet draining kit even recommended an alternative and gave advice to budding cybercriminals.
No ‘respite’ for exploits, flash loans or exit scams in 2023: Cybersecurity firm
The industry is likely to see “further attempts from hackers targeting bridges in 2023,” while users are urged to be warier of their private keys.
$62M crypto stolen in Dec was the ‘lowest monthly figure’ in 2022: CertiK
The month of December had the smallest figure for cryptocurrencies stolen in 2022 with around 23 major incidents according to CertiK.
Defrost v1 hacker reportedly returns funds as ‘exit scam’ allegations surface
“Merry Christmas guys. We got a lump of coal from Santa Claus,” wrote one user in response to the allegations and the incident.
How to avoid getting hooked by crypto ‘ice phishing’ scammers — CertiK
Ice phishing is a type of scam that exists only in Web3 and is a “considerable threat” to the crypto community, said the firm.
Front-running scams rampant on YouTube with 500% surge in 2022: CertiK
The scam lures victims to download fake front-running bot software that swipes their assets once they try to initiate a transaction.
Crypto scammers are using black market identities to avoid detection: CertiK
The blockchain security firm has uncovered a new tactic used by crypto scammers as the industry continues to improve its fraud detection capabilities.
CertiK says SMS is the ‘most vulnerable’ form of 2FA in use
The level of security provided by SMS pales in comparison to authenticators or physical security keys, CertiK’s Jesse Leclere says in an interview.
CertiK shares security tips following third BAYC security compromise in six months
According to CertiK, investors should be highly skeptical of free NFT giveaways, as well as small peculiarities in sites they interact with.
More than $1.6 billion exploited from DeFi so far in 2022
The amount exploited this year so far surpasses the total amount stolen in all of 2020 and 2021 combined, with the month of March alone beating 2020 by over $200 million.
Security firms seek to make it more difficult for scammers to get away with DeFi project hacks
While projects cannot wholly prevent bad actors from infiltrating the DeFi realm, security specialists say there are ways to deter such practices.
CertiK’s identification of Crypto Cars as ‘rug pull’ was a false alarm
A temporary website outage of the project’s main site, among other factors, led to the error.
Binance-Backed Blockchain Auditing Firm Partners With Hyundai Subsidiary to Track Internet of Things Devices
Auditing firm CertiK is working with Hyundai subsidiary Hdac to record Internet of Things devices on a blockchain.
South Korean Crypto Exchange Signs With Security Companies to Lock Down Tokens
Coinone has partnered with two security and disclosure firms to ensure compliance with South Korea’s new cryptocurrency regulations.