$674M Worth of Stolen Crypto Successfully Recovered in 2023
According to blockchain security firm PeckShield, about $2.61 billion in losses were recorded in the crypto industry in 2023. Also, stolen assets worth $674 were recovered successfully from over 600 large-scale hacks in the same year. PeckShield stated in its report dated January 29 that the amount represents a decrease of 27.78% compared to 2022 […]
Socket Protocol Recovers 1032 ETH Stolen From Hack
Cross-chain bridge Socket protocol has recovered two-thirds of the stolen ETH funds in a recent breach, which led to the loss of about $3.3M. The socket protocol’s official X account has reported the recovery of 1,032 Ether, valued at $2.3 million, out of a total of $3.3 million stolen. Soon, the protocol will disclose a […]
SEC Confirms MFA Deactivation Linked to X Account Hack
SEC Confirms MFA Deactivation Led to Jan 9 X Account Breach, Impacting Cryptocurrency Market and Triggering False Bitcoin ETF Approval News. The SEC, representing the United States, has issued a statement acknowledging a security compromise on its official X account (previously Twitter), detailing a SIM swap attack as the cause of the breach. On January […]
CoinsPaid Payment Gateway Suffers $7.5M Hack — Cyvers
CoinsPaid, a cryptocurrency payment gateway, has suffered its second security compromise in six months. Cyvers, a Web3 security firm, disclosed detected unauthorized transactions worth approximately $7.5 million. On January 6, the artificial intelligence system of Cyvers identified several anomalous transactions, which authorized the withdrawal of digital assets valued at $6.1 million in Tether, Ether, USD […]
Gamma Strategies Attempts to Negotiate Bounty with Hacker
In the aftermath of a $3.4 million hack in digital assets, Gamma Strategies liquidity management protocol, while attempting to retrieve the funds lost in the exploit, negotiates a bounty with the hacker. PeckShield, a blockchain security firm, identified an exploit in Gamma’s repositories on January 4. Initial assessments indicated that the losses incurred a value […]