Hedgey Finance Loses $44 Million to Exploit
Token infrastructure platform Hedgey Finance has experienced two concurrent Defi exploit, resulting in the loss of funds totaling $44.7 million. A breach on the Arbitrum network affecting Hedgey compromised more than $42.8 million worth of Arbitrum (ARB) tokens, according to an April 19 X post by on-chain security firm Cyvers. An adversary has reportedly transferred […]
Ex-Security Engineer Sentenced to 3 Years For $12M Crypto Hack
A former security engineer, Shakeeb Ahmed, has been jailed for three years for his role in stealing $12 million from two crypto exchanges. Shakeeb Ahmed, a former security engineer, was sentenced to three years in prison for his involvement in misappropriating more than $12 million from two cryptocurrency exchanges. A federal judge administered the sentence and additionally […]
Fraud Victims Urge China to Liaise With UK Police For Seized Bitcoin
The victims of an investment fraud scheme are attempting to recover $4.3 billion in Bitcoin seized by the UK Police with the help of the Chinese government. According to reports, a delegation on behalf of the victims of the fraud wrote to the Chinese Ministry of Foreign Affairs, urging it to negotiate with the United […]
Ripple Labs Issues Important Warning on Scam Tactics
The cryptocurrency payment network Ripple Labs Inc. has cautioned its users once more about clicking on phishing websites and falling for Deepfakes. Ripple posted a demonstration video on X that demonstrates how certain con artists have been posing as important company figures, including as CEO Brad Garlinghouse. The demo’s images suggest that dishonest actors impersonate […]
ParaSwap DAO to Compensate Hack Victims
Following a critical vulnerability on the ParaSwap AugustusV6 contract, ParaSwap’s DAO has decided to use treasury cash to repay hack victims. On April 4, the ParaSwap decentralized autonomous organization (DAO) proposed to use its treasury funds to reimburse the AugustusV6 contract vulnerability victims. Following a three-day voting period, 96.81% of ParaSwap voters approved the DAO’s […]