Projects tied to Pepe meme creator Matt Furie and the NFT studio ChainSaw lost roughly $1 million to contract takeover exploits last week, according to on-chain investigator ZachXBT. On June 27, ZachXBT reported transaction records showing that the attacker seized control of the “Replicandy” contract at 4:25 a.m. UTC on June 18 by transferring ownership […]
The first half of 2025 exposed deep vulnerabilities in the crypto industry, with hackers stealing over $2.1 billion across 75 separate incidents. This marks a 10% increase from the previous H1 record of $2 billion in 2022 and nearly matches the full-year figure for 2024, which closed at $2.2 billion, according to a report from
Bybit and North Korean hackers headline $2.1 billion crypto hacks in H1 Read More »
Telegram-based dark markets rapidly filled the gap left by Huione Guarantee after the $27 billion marketplace disappeared on May 13, according to a June 23 Elliptic report. Elliptic noted that Telegram banned thousands of Huione Guarantee channels and usernames once researchers traced billions of USDT-denominated sales to pig-butchering scams. However, data shows that merchants immediately
Dark market activity on Telegram persists despite $27B Huione ban – Elliptic Read More »
A new wave of cyberattacks shows the DPRK is exploiting the crypto industry’s recruitment funnel, using fake LinkedIn job offers, deep‑fake Zoom calls, and backdoored interview files to access Web3 developers’ wallets and repositories. With seasoned developer talent already thinning and open‑source protocols increasingly reliant on individual contributors, the stakes have never been higher. North
You’re Hired! North Korea’s new crypto scam starts with a job offer Read More »
North Korea’s hackers has reportedly stolen nearly $2 billion from centralized crypto exchanges over the past year. Blockchain security researcher Tay Monahan attributes a significant portion of those funds, around $1.8 billion, to a series of major hacks targeting centralized crypto trading platforms like Bybit, DMM Bitcoin, WazirX, Phemex, and BingX. Despite setbacks such as
North Korea’s hackers could have laundered as much as $1.5 billion in stolen crypto Read More »
An international law enforcement effort has dismantled one of the world’s largest and longest-running criminal marketplaces on the darknet, arresting its suspected German operator in Spain and seizing millions in illicit assets, according to a June 16 press release. The takedown, coordinated by the Frankfurt Public Prosecutor’s Office, Germany’s Federal Criminal Police Office (BKA), the
US DOJ, Europol seize world’s largest dark web drug market operating via Monero Read More »
Gotbit Consulting LLC, a prominent cryptocurrency market maker, was sentenced in federal court for criminal charges related to a multi-year scheme to manipulate digital asset trading volumes, according to a June 13 press release. Aleksei Andriunin, the firm’s 26-year-old founder and CEO, was sentenced to eight months in prison and one year of supervised release
Crypto market maker Gotbit and founder sentenced for fraud, manipulation Read More »
Hong Kong is stepping up its fight against crypto-related money laundering by working with the University of Hong Kong (HKU) on technology-driven solutions, including improved tracking of virtual asset flows. The new effort was revealed in a government statement on June 12, following a four-day workshop focused on enhancing anti-money laundering (AML) strategies. Collaborative effort
Hong Kong teams up with university to tackle crypto laundering with tech Read More »
While Solana is up just 5% over the past year, global sentiment around the altcoin is bullish due to its potential technical capabilities to outperform its main rivals in performance. Solana’s Firedancer validator client, expected to leave testnet in 2025, is demonstrating transaction-per-second capabilities exceeding one million in test environments, a development aimed at solving
Evita Pay used USDT to funnel cross-border payments. Clients included Sberbank, VTB Bank, Sovcombank, and Rosatom. 22-count indictment includes money laundering, wire fraud. In a sweeping indictment that highlights growing enforcement around sanctions evasion and crypto misuse, US federal prosecutors have charged Russian national Iurii Gugnin with running a sophisticated cross-border fraud and money laundering
Russian crypto CEO charged in $530M laundering scheme tied to US sanctions Read More »
