Dogecoin surged to $0.28 following the debut of the first U.S. Dogecoin ETF, fueling bullish momentum. Technical analysis suggests potential gains toward $0.40 if key resistance levels break. Institutional interest and speculative demand are driving the rally.
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German Authorities Seize $38M in Crypto from eXch Platform
German law enforcement has confiscated $38 million in Bitcoin, Ethereum, and other cryptocurrencies from eXch, a crypto swapping service accused of laundering funds tied to North Korea’s Lazarus Group and the $1.4B Bybit hack. Investigators claim eXch processed $1.9B in transactions since 2014, with illicit ties, while operating without standard AML/KYC checks. The platform preemptively announced its shutdown in April, calling privacy ‘not a crime’ and denouncing AML rules as ineffective. Crypto investigator ZachXBT linked eXch to laundering stolen assets from multiple hacks, including Bybit and Genesis. This marks Germany’s third-largest crypto seizure amid a broader crackdown on money laundering platforms.
read moreCrypto Protocol Incidents See Record Low Losses in April
Crypto protocols suffered $25.7 million in losses in April, marking a significant decrease from March. The decline was attributed to fewer private key compromises, exit scams, and flash loan attacks. However, the report did not cover the ZKasino controversy, where co-founders allegedly executed an exit scam worth nearly $33 million. CertiK plans to provide a more detailed analysis as more information emerges.
read moreBlockchain Hacks and Scams Lead to $437 Million Losses in 2024
Ethereum leads in blockchain hacks with 33 incidents in 2024, followed by BNB Chain with 14. DeFi sector is the most vulnerable, accounting for all reported incidents. March saw a 48% decrease in theft compared to February, with notable losses from MakerDAO and Prisma Finance. Online safety practices include avoiding cloud storage for passwords and seed phrases, using hardware wallets, and implementing critical security measures.
read moreProtecting Your Crypto: Staying Safe in the Volatile Market
Crypto users and projects face increasing cyber threats, with hackers stealing millions through phishing scams, protocol hacks, and untrustworthy exchanges. Security measures such as alert systems, protocol transparency, and off-chain vulnerability monitoring are crucial for safeguarding against these evolving risks. Education and due diligence are emphasized as essential for protecting crypto assets in a volatile market.
read moreCrypto Theft Surges, $360.83 Million Stolen in February 2024
Financial losses from crypto thefts surged in February, with hackers stealing over $360 million worth of crypto assets, marking a 97.6% increase from January. The majority of the stolen funds came from a crypto gaming platform, with only a small percentage of the assets being recovered. Additionally, prominent figures in the blockchain and crypto space, including the founder of a blockchain-based game, were affected by the security breaches.
read moreCrypto Heists Surge in February 2024, Over $360 Million Stolen
The crypto community experienced a surge in hacks in February 2024, with over $360 million stolen in more than 21 attacks, marking a 97.6% increase from January. Only 1.8% of the stolen funds have been recovered, with high-profile targets including PlayDapp, FixedFloat, and the Axie Infinity co-founder. These incidents have already surpassed the total value of crypto funds stolen in 2023, raising concerns about the security of the industry.
read moreCrypto Industry Sees $67 Million in Losses in February 2024
Crypto industry experienced $67 million in losses in February, primarily due to hacks which accounted for 97.54% of the stolen funds. Despite the significant losses, there was a decrease compared to January, indicating potential improvements in security measures or increased vigilance within the crypto community. Yearly losses stand at $200 million, showing a 15.4% increase compared to the same period a year ago, but hacks and scams fell by 27.78% compared to the previous year, reflecting enhanced vigilance and security measures.
read moreCryptocurrency Hacks and Fraud Reach Over $200 Million in 2024
Cryptocurrency hacks and fraud have resulted in over $200 million in losses so far in 2024, marking a 15.4% increase from the same period in 2023. February alone saw over $67 million worth of crypto stolen, with decentralized finance (DeFi) being the primary target. Ethereum was the most targeted network for hackers, followed by Binance’s BNB Chain and the Bitcoin network. Hacks and exploits continue to pose a growing concern in the crypto industry, particularly for DeFi applications.
read moreFixedFloat: Lightning Crypto Exchange with Speed, Convenience, and Security
FixedFloat is a lightning-fast, fully automated crypto exchange offering quick, secure, and transparent transactions with a wide range of cryptocurrencies. With no KYC requirements, low minimum limits, and an affiliate program, it aims to provide convenient and secure services to its users. However, it does not support fiat currencies and lacks the variety of cryptocurrencies compared to other exchanges.
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