An emerging Ethereum stablecoin protocol, Beanstalk has come off as the latest blockchain startup that suffered a breach from hackers with a massive loss of $80 million moved from the protocol.
The latest report suggests cryptocurrency-based crime hit a new all-time high in 2021, with illicit addresses receiving $14 billion in 2021, which amount was doubled to 2020, according to Chainalysis.
Netflix Inc has announced it is going to release a documentary about the 2016 Bitfinex hack, a financial crime that can earn the tag as one of the biggest financial thefts in history.
Over the last few years, hackers have been actively stealing smaller amounts of cryptocurrency from individual users using malware available on the internet or darknet, Chainalysis reported.
According to a Bloomberg interview, Kris Marszalek, CEO of Crypto wallet provider and trading platform Crypto.com, said he would be more than willing to share information about Tuesday's hack if the regulator has any relevant inquiries.
Binance cryptocurrency exchange has joined the National Cyber-Forensics and Training Alliance (NCFTA), becoming the first digital currency trading platform to make such a move.
According to Snowmist, the blockchain industry has been well characterized by cryptocurrency crimes, money laundering, fraud, cases of theft, drug trafficking, and mining crimes all of which occur frequently.