Category: Frauds

Binance Rewards US Law Enforcement with $200,000 Over Indictment of 2018 Phishing Attack Culprits

Binance Rewards US Law Enforcement with $200,000 Over Indictment of 2018 Phishing Attack Culprits

The US Department of Justice (DOJ) announced the indictment of two culprits involved in a hacking attack of Binance’s platform in 2018. These malicious actors created phishing websites that emulated Binance’s official website prior to the attack in order to collect genuine login credentials and other user data. Back when the attack occurred, Binance put […]

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DeFi Protocol Hacking Attacks Have Resulted in Losses of $100 Million in 2020, Says CipherTrace

DeFi Protocol Hacking Attacks Have Resulted in Losses of $100 Million in 2020, Says CipherTrace

According to a recent report released by blockchain and crypto security analytics firm CipherTrace, the DeFi sector resulted in $100 million lost in thefts and hacking attacks this year. Currently, the Total Value Locked (TVL) on DeFi protocols have hit a new all-time-high of $13.03 billion after experiencing precipitous growth throughout the year. This has […]

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Cheated Investors of Binance-Launched DeFi Project Wine Swap To Get Stolen Funds Back

Cheated Investors of Binance-Launched DeFi Project Wine Swap To Get Stolen Funds Back

Wine Swap, a yield farming platform launched on the Binance Smart Chain and indirectly backed by the largest cryptocurrency exchange in the world, nearly pulled off an exit scam of $350,000 before Binance recovered the funds, according to a report released by Coindesk. The project was made available last month for fundraising, and strangely enough, […]

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DeFi Protocol Harvest Finance Suffers $24 Million Hack; $100,000 Bounty on Culprit

DeFi Protocol Harvest Finance Suffers $24 Million Hack; $100,000 Bounty on Culprit

Security vulnerabilities on DeFi protocols remain a serious concern for the DeFi sector despite its burgeoning growth potential, especially as major projects fall prey to hacking attacks resulting in the loss of user and project funds. The latest in a series of incidents this year comes from Harvest Finance, a protocol that made the news […]

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KuCoin 2020 Hack Culprits Found; $200 Million in Assets Recovered Thus Far

KuCoin 2020 Hack Culprits Found; $200 Million in Assets Recovered Thus Far

KuCoin’s hack and the resulting hundreds of millions worth of assets that were put at risk have rattled the crypto community since news first broke over the attack. Since then, the hacker has been attempting to liquidate the funds they have on several decentralized exchanges. Whale Alert, an account which tracks large transactions, previously pointed […]

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