Crypto Hackers Swipe $71M in November, Pushing Yearly Total to $1.48B
Cryptocurrency hackers continue to damage the industry’s reputation, with the annual worth of cyberattacks approaching $1.5 billion. Cryptocurrency hackers continue to harm the industry’s reputation, with the total value stolen through cyberattacks in 2024 nearing $1.5 billion. According to an Immunefi report shared with Cointelegraph, hackers stole over $71 million worth of digital assets in […]
XT.com Exchange Suspends Withdrawals Amid Hack Report
After a suspected $1.7 million breach, XT.com, a cryptocurrency exchange with a reported daily trading volume of $3.4 billion, has suspended withdrawals. Citing “wallet upgrade and maintenance,” the exchange suspended disbursements on November 28. The statement was released approximately one hour before a report by blockchain security firm PeckShield indicated that XT.com had been “hacked” […]
Thala Labs Recovers $25.5M From v1 Farming Vulnerability Incident
Thala Labs, a decentralized finance firm, has successfully recovered $25.5 million in liquidity pool tokens from its v1 farming contracts. Thala disclosed in a post on Nov. 16 that it had experienced a “security breach” on Nov. 15 due to an “isolated vulnerability” in its v1 farming contracts. This vulnerability enabled the hacker to extract […]
Binance Founder CZ Confirms Giggle Academy Hack
Changpeng “CZ” Zhao reported hackers compromised Giggle Academy’s X account, posting false announcements and phishing links. Changpeng ‘CZ’ Zhao, the founder of Binance, attempted a hack on the X account of Giggle Academy, an educational firm. CZ warned his followers to be cautious of any misleading information on the account. Hackers’ creation of phishing links […]
Base Blockchain Exploit Leads to $1M Theft, Cyvers Alerts
An exploit on the Base blockchain revealed major vulnerabilities, resulting in $1 million in stolen funds and creating security concerns in DeFi. An exploit involving unverified lending contracts on the Base blockchain led to approximately $1 million in losses. The incident unfolded over several hours and was flagged by blockchain security firm Cyvers Alerts in […]