Oasis.app and Jump Crypto Retrieve $225 Million in Crypto
The hacker's vaults show that Oasis sent 120,695 wstETH and 3,213 rETH to Jump Crypto on February 21.
Binance Creates $1B Insurance Fund for Users Against Hacks
According to Bloomberg, the world's largest cryptocurrency exchange Binance has set up a $1 billion insurance fund for customers to double-protect the platform from hacking attacks.
FBI seizes $100,000 in cryptocurrency and NFTs
The FBI confiscated the property in October 2022 for violating "federal law," with the NFTs valued over $100,000.
MetaMask Warns Investors Against Phishing Attempts by Scammers
MetaMask informed customers that it never emails account data or collects KYC information.
Hackers exploit Raydium protocol, send $2.7 million
The Raydium protocol exploiter transmitted 1,774.5 ETH to Tornado Cash, a sanctioned cryptocurrency mixer. On December 16, 2022, the Solana-based DeFi protocol was attacked. Exchange security staff are fighting hackers.
The January figures are 92.7% lower than the $121.4 million
In January, crypto attacks cost PeckShield $8.8 million, compared to $121 million last year.
Crypto Hacks in Q1 2023
In Q1 2023, hackers accessed over $320 million through 139 incidents on BNB Chain and losses of $221 million on Ethereum. While significantly lower than Q1 and Q4 2022, the quarter saw hundreds of millions lost, with 60% due to the Euler Finance hack. However, funds were recovered through negotiations with hackers, a trend increasingly common in the industry.
3 Ways Blockchain is Transforming Cybersecurity
Blockchain technology ensures that data is stored in immutable distributed ledgers and it can be instrumental in enhancing cybersecurity by averting DDoS attacks, authenticating downloads, and offering consensus mechanisms.
(Rejected) Robinhood Exchange Hackers Donate Stolen Bitcoins to Charity
The Darkside hacker group who stole funds from the Robinhood crypto exchange have now donated $10,000 worth of the stolen Bitcoin to two charity organizations.
Webaverse Co-Founder Reveals $4 Million Crypto Hack
Webaverse co-founder Ahad Shams sent a public statement about being hacked for $4 million in a hotel lobby.
550 BNB lost in contract exploit by decentralized exchange
The CoW Swap team informed users that dealers do not need to cancel permissions due to the vulnerability.
KPMG Advocates for Institutional Custody as Estimated $9.8 Billion of Crypto Stolen Due to Lack of Security
One of the big four accounting firms, KPMG estimated that at least $9.8 billion in cryptocurrencies have been stolen by hackers since 2017 due to security issues or poorly written code. According to the KPMG report, the cryptocurrency market will need to see huge improvements for the $245 billion industry to keep growing.