Crypto investors lost $3.9 billion to hackers, fraudsters in 2022
2022 saw billions of losses to DeFi and crypto exploits. Only 5.2% of the losses were recovered, according to a report by Immunefi. According to a forecast released on January 6 by security services platform for web3, Immunefi , a platform for bug bounties and security services for the Web3 ecosystem, the cryptocurrency market would […]
FBI warns crypto investors about security vulnerabilities
This FBI warning comes after a number of hacks on DeFi this year, which caused investors to lose crypto worth billions of dollars. The Federal Bureau of Investigation (FBI) has asked decentralized finance (DeFi) platforms to improve their security and warned investors about the holes in these platforms. The FBI’s warning comes as DeFi platforms, […]
MMORPG halted as crypto investors left; denies misusing funds
The developer of the “Pokémon-like” game Untamed Isles, Phat Loop Studios, has cited the collapse of the crypto market as the cause of its investors’ exodus. Phat Loop Studios, the business criticized last week for canceling the crypto and Kickstarter-funded MMORPG game Untamed Isles, denies claims that they misappropriated backers’ funds by investing in cryptocurrencies. […]