Bybit’s CEO, Ben Zhou, has declared a “war against Lazarus” following a $1.4 billion hack attributed to the North Korean group. He announced a bounty program offering up to 10% rewards for tracing stolen funds, while the exchange claims to have restored client assets to 100%. This incident marks the largest hack in crypto history, with North Korean hackers reportedly stealing over $3 billion from exchanges since 2017.
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Cardi B’s WAP Token Linked to Scam Origins and Controversy
Cardi B’s promotion of the WAP crypto token has been linked to a known scammer, raising concerns about its legitimacy. Investigations revealed that the wallet address she shared is associated with multiple rug pull projects, and significant amounts of tokens were dumped shortly after launch. Despite speculation of a hack, evidence suggests the promotion was pre-planned, highlighting ongoing issues with celebrity-endorsed cryptocurrencies.
read moreIndian Crypto Exchange WazirX Confirms $230 Million Security Breach
Indian crypto exchange WazirX has confirmed a security breach resulting in a loss of over $230 million worth of crypto assets. The hackers have been actively converting the stolen assets into Ethereum, using privacy-enhancing tools to obscure the movement of funds. The exchange has temporarily paused withdrawals to ensure the safety of assets while the investigation is ongoing.
read moreDeFi Asset Management Protocol Velvet Capital Faces Phishing Attempt and Website Hack
Velvet Capital, a decentralized finance asset management protocol, temporarily deactivated its website due to a phishing attempt. Users were advised to deny wallet access requests and revoke any approved requests to prevent potential loss of funds. The platform assured that smart contracts and funds were not affected, and investigations were ongoing to address the front-end issue. Similar incidents have been reported in the DeFi space, highlighting the persistent threat of cybercrime.
read moreNavigating Solana’s Market Performance and Risks: A Comprehensive Analysis
Solana’s price has surged past $150, signaling optimism and potential for further growth. With a market capitalization of $68 billion and a significant increase in trading volume, the cryptocurrency has shown strong upward momentum. However, concerns have been raised about the risks associated with meme coin ventures on the Solana blockchain, highlighting the volatile nature of such investments. Technical indicators suggest moderate volatility and a slightly bullish momentum for Solana’s price.
read moreMunchables Implements Security Overhaul After Narrowly Avoiding $63 Million Theft
Munchables, an NFT gaming platform, narrowly avoided a $63 million theft by one of its developers. Following the incident, the platform is implementing critical security changes, including onboarding new multisig signers and restructuring the team. The rogue developer returned the stolen funds, prompting Munchables to overhaul its security practices, bring in trusted entities for fund security, and offer higher rewards to returning gamers as a gesture of goodwill.
read moreMunchables Developer Returns $62.8M Worth of Ether After Hack
A Munchables developer returned $62.8 million worth of Ether after a hack, caused by a North Korean engineer, exploited a vulnerability in the Munchables protocol. The hacker returned the stolen funds without requesting a ransom, and the Munchables team, along with blockchain detectives, worked to recover the funds. Additionally, another decentralized finance aggregator, ParaSwap, was also compromised by a hacker, but with the help of white hat hackers, the vulnerability was rectified and the protocol started paying users back.
read moreMunchables Developer Returns Stolen $62.8 Million in Ethereum After Hack
A Munchables developer stole $62.8 million worth of Ether in a hack but later returned the funds without demanding a ransom. The hacker was identified as one of the company’s developers, and the stolen funds were recovered with the assistance of blockchain investigators. Additionally, another decentralized finance aggregator, ParaSwap, experienced a hack where $24,000 was stolen, but the protocol managed to recover the funds and began refunding affected users.
read moreSolana Co-Founder Urges Caution Amid Rising Presale Project Concerns
Solana’s co-founder, Anatoly Yakovenko, has expressed concern over the proliferation of presale projects on the blockchain, citing risks to user safety and fund credibility. With 27 presale projects currently active and a total contribution of $122.5 million, Yakovenko urges the community to cease engagement with such projects. This strict stance reflects the growing challenges posed by meme coins and presale schemes, as evidenced by recent market fluctuations and the fallout of the SLERF meme coin.
read moreNavigating the Risks of Pre-Sale Investments in Solana Ecosystem
Anatoly Yakovenko, co-founder of Solana, advises caution when investing in pre-sales on the Solana network, highlighting the risks of potential scams and project abandonment. Despite the fervent fundraising activity within the ecosystem, Yakovenko emphasizes the need for thorough research, transparency, and long-term viability considerations for investors in the crypto space. This cautionary advice comes amidst increased interest in crypto investments and serves as a reminder to prioritize due diligence and informed decision-making.
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