Penpie Protocol Suffers $27M Loss Due To Recent Hack
The Penpie protocols were victims of a digital asset hack on Sept. 3, 2024, and $27 million in client funds were drained. At the time of this writing, the Penpie protocol , an independent decentralized finance protocol constructed on top of Pendle, was the victim of an exploit on Sept. 3, 2024, resulting in the […]
North Korean Hackers Attack Crypto Market, ETFs At Stake?
The FBI has warned Bitcoin ETF issuers and crypto firms about North Korean hackers’ potential to capture users’ digital assets. The Federal Bureau of Investigation (FBI) has identified potential attempts by North Korean hackers to compromise the spot Bitcoin ETF issuers. The agency emphasized the potential iterations and recent attempts of the schemes that are […]
Immunefi: Crypto Hackers Steal Over $1.2 Billion in 2024
Crypto hackers have stolen over 15.5% more in 2024 than in the same period last year. Cryptocurrency hackers have now stolen over $1.2 billion in 2024, following recent breaches in August, raising further concerns about the security of widespread crypto adoption. According to a report by Immunefi shared with Cointelegraph, the crypto industry has lost […]
Australians Lost $122M to Crypto Scams
The Australian Federal Police (AFP) noted that 60% of victims were under 50, contrary to the usual trend of older individuals being targeted. According to new research from the Australian Federal Police, Australians have lost a total of $122 million ($180 million AUD) in the past year due to fraudulent cryptocurrency schemes. The majority of […]
Super Micro Faces New Hindenburg Scam Accusations
Super Micro is being accused of fraud by Hindenburg Research and is facing allegations of financial misconduct and sanctions violations. Hindenburg Research, an investigative reports firm, is making significant allegations against Super Micro Computer Inc ., a California-based server manufacturer. On August 27, Hindenburg issued a report alleging that the company had engaged in financial […]