Tagged: hacks

May 27, 2026 @ 2:53 pm By JD Alois  |  

A recent report on financial services crimes states that 65% of these occurrences involve a human element. The report published by Verizon says that “phishing victims, errors, and social engineering remain persistent attack surfaces despite security investments.” Internal data is compromised in 53% of financial… Read More

May 17, 2026 @ 3:36 pm By Omar Faridi  |  

Digital asset traders and investors focused on the decentralized finance (DeFi) sector are increasingly favoring high-return strategies while sidelining protective measures, leaving substantial capital exposed to sophisticated attacks. This behavior persists despite warnings from leading blockchain analytics providers and evolving regulatory scrutiny from US authorities…. Read More

May 4, 2026 @ 8:49 am By Omar Faridi  |  

North Korea has launched a forceful denial of international accusations linking it to large-scale cryptocurrency thefts, directing its ire at what it describes as “reptile media” alongside U.S. officials and allied groups. In an official statement released through state channels, a Foreign Ministry spokesperson dismissed… Read More

April 24, 2026 @ 5:12 pm By Omar Faridi  |  

Chainalysis noted that on April 18, 2026, cybercriminals believed to be tied to North Korea’s Lazarus Group executed one of the largest DeFi heists of the year, siphoning approximately $292 million (116,500 rsETH) from KelpDAO’s LayerZero-powered bridge. Unlike typical smart-contract vulnerabilities, this breach targeted off-chain… Read More

January 12, 2026 @ 8:37 am By Tony Zerucha  |  

According to the data collected by Slowmist, cybercriminals stole nearly $3 billion in crypto hacks and scams in 2025. Researchers recorded a total of 202 hack events, of which one was responsible for almost half of all losses. In February, a large-scale outflow of funds… Read More

August 1, 2025 @ 2:45 pm By Omar Faridi  |  

The Web3 ecosystem faced significant security challenges in July 2025, with SlowMist’s latest monthly security report revealing $147 million in losses across 13 major hacking incidents. Despite efforts to mitigate damages, with $42.48 million now reportedly recovered or frozen, the recent report from blockchain security… Read More

July 11, 2025 @ 6:15 pm By Omar Faridi  |  

Kaspersky GReAT (Global Research and Analysis Team) professionals have discovered open-source packages that download the Quasar backdoor and a stealer designed to exfiltrate cryptocurrency. The malicious packages are intended “for the Cursor development environment, which is based on Visual Studio Code — a tool used… Read More

July 9, 2025 @ 9:47 am By Omar Faridi  |  

The first half of 2025 has marked a grim milestone for the cryptocurrency industry, with over $2.1 billion stolen across 75 distinct hacks and exploits, according to a recent report by TRM Labs. This figure not only surpasses the previous first-half record set in 2022… Read More

June 2, 2025 @ 2:54 pm By Omar Faridi  |  

The cryptocurrency ecosystem is fraught with sophisticated scams and vulnerabilities. Blockchain security firm SlowMist has recently highlighted several critical threats targeting crypto users, from social engineering scams to malicious browser extensions and large-scale hacks. These incidents underscore the urgent need for vigilance and robust security… Read More

May 4, 2025 @ 10:08 pm By Omar Faridi  |  

Crypto exchange Kraken recently uncovered a sophisticated attempt by a North Korean hacker to infiltrate its operations through a seemingly innocuous job application. The incident, detailed by Kraken on May 1, 2025, highlights the evolving tactics of state-sponsored cyber threats targeting the crypto industry, with… Read More

January 5, 2025 @ 7:58 pm By Tony Zerucha  |  

Nearly $2.4 billion was stolen across 760 on-chain incidents in 2024. That was just one revelation in CertiK’s Hack3d: The Web3 Security Report 2024. Even though the total number of incidents decreased by roughly 4%, the amount stolen surged by 31%, meaning that even though… Read More

November 2, 2024 @ 4:21 pm By Omar Faridi  |  

In October of 2024, Web3 security incidents led to total losses of approximately $147 million. According to the comprehensive SlowMist Blockchain Hack Archive, 28 separate attacks resulted in about $129 million in losses, with $19.3 million later recovered. These incidents are said to have involved… Read More

August 8, 2024 @ 8:08 am By JD Alois  |  

Binance is reporting that it has reclaimed more than $73 million in funds pilfered by hacks. The Binance security team is said to have recovered the funds as of July 31st, topping the $55 million recovered in 2023. Binance touts that it has partnered with… Read More

April 4, 2024 @ 1:47 pm By Omar Faridi  |  

CertiK has released its latest report, entitled Hack3d: The Web3 Security Report for Q1 2024. Hack3d is described by CertiK as being the industry’s most comprehensive record of statistics and analysis of on-chain security incidents. According to a blog post by CertiK, the research report… Read More

January 9, 2024 @ 8:09 am By Omar Faridi  |  

Hackers tied to North Korea stole at least USD$ 600 million in cryptocurrency in 2023, according to new research by TRM Labs. Additional hacks carried out in the final days of last year could, if confirmed to “have been committed by North Korea, push this… Read More

January 4, 2024 @ 4:56 pm By Omar Faridi  |  

CertiK has released its latest report, titled Hack3d: The Web3 Security Report for 2023. CertiK’s Hack3d reports offer deep dives “into the exploits, vulnerabilities, and trends that define blockchain and smart contract security.” According to CertiK, they’re an invaluable resource “for anyone seeking to understand… Read More

September 6, 2023 @ 11:31 am By Omar Faridi  |  

In a weekly update, SlowMist reveals that there were approximately $830,000 that were lost in Web3 security incidents. According to statistics from SlowMist’s Blockchain Hacking Archive, from August 28 to September 3, 2023, there were “a total of 7 security incidents, resulting in an estimated… Read More

July 9, 2023 @ 12:55 pm By Omar Faridi  |  

Multichain has reportedly halted its network on a suspected $130 million hack, a move that has come just a month after the initiative’s CEO disappeared. The Multichain service stopped currently, and all bridge transactions will be stuck on the source chains. There is no confirmed… Read More

January 11, 2023 @ 9:34 pm By Omar Faridi  |  

A new report from SlowMist takes a close look at the major events in the blockchain industry that took place in 2022. The report from SlowMist provides an overview of the security status of each area within the industry and delves into “common attack techniques.”… Read More

January 2, 2023 @ 1:09 pm By Omar Faridi  |  

Charles Guillemet, Ledger’s CTO, looks back at the most “critical” crypto events of 2022 and argues that “the failure of centralized entities has emphasized more than ever the importance of self-custody in ensuring inalienable ownership rights.” Ledger notes in a blog post that 2022 was… Read More