Binance Co-Founder Denies Blame For $1M Hack
Yi He has dismissed claims that a platform security breach led to the loss of $1 million in crypto from a single user account. Yi He, co-founder of the cryptocurrency exchange Binance, has refuted allegations that a $1 million loss of cryptocurrency from a single user account resulted from a platform security compromise. On June […]
Binance User Loses $1M in Crypto Via Plugin Counter-Trading
This plugin allowed the hacker to steal Nakamao’s Binance session by gathering his browsing cookies without a password or two-factor authentication. Reportedly, a Chinese user of the crypto exchange Binance has lost crypto holdings worth an astounding $1 million from his Binance account in a recent development of crypto theft. The Chinese user Nakamao claimed that […]
Ethereum Re-staking Exploit Victim Gets Funds Back
On May 26, an unlucky victim lost 1,807 liquid staked Ethers valued at $6.91 million. The hacker has returned a substantial portion of the stolen funds. Yu Xian, co-founder of blockchain analytics firm SlowMist, wrote, “Yesterday, the old phishing group Inferno Drainer used the permit offline authorization signature to phish away nearly US$7 million in […]
NORMIE Exploit Reduces $1.1 Million Investment to Below $150
Reportedly, the exploit has cost a trader over $1.1 million, while the NORMIE team has been in negotiations with the exploiter to recover the stolen funds. The NORMIE meme coin experienced a significant depreciation of over 99% in value in a single day, as opposed to the substantial gains observed in the broader meme coin […]
South Korean Police Arrest 19 in Crypto Fraud Bust
Authorities in South Korea have detained 19 members of a phony social media chat group that defrauded 308 investors of about $19 million. Those in custody had run an open chat room and conned hundreds of investors out of $18.8 million by promising fast gains if victims bought in unlisted currencies. Seungwon Lee claims that […]