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New data from crypto security firm ImmuneFi reveals that hackers and fraudsters stole tens of millions of dollars with the blockchain of Binance being their top target. In a new thread on the social media platform X, ImmuneFi says that the crypto markets have seen an overall decrease in fraudulent activity compared to a year ago, suggesting that crypto is getting safer overall. “Is crypto getting safer? The ecosystem has lost $1.48 billion to hackers and rug pullers YTD (year-to-date) – a 15% decrease compared to $1.7 billion during the same period last year. The decrease is also noticeable on a month-over-month basis.” According to ImmuneFi, even though November saw over $71 million stolen by hackers and rug pullers, the number pales in comparison to the amount stolen last year. “In November 2024, we saw total losses of $71 million, the second-lowest monthly loss this year. Looking at the same period last year, over $343 million was lost....

Russia has sentenced a former chief investigator to 16 years in jail after he was caught accepting a 1,032-bitcoin bribe, now worth $65 million, from a group of hackers.  Marat Tambiyev was accused last year of accepting the bitcoin bribe from a duo involved with the Infraud Organization hacking group he was investigating while working for the Investigative Committee of Russia. As part of the deal, Tambiyev agreed not to confiscate the group’s illegally obtained bitcoin. He subsequently received half of the illegal assets on April 7, 2022. High treason charge for Russian man who ‘sent crypto to Ukraine’ Read more: Supreme Court won’t stop sale of 69,370 Silk Road bitcoins In 2023, Russian authorities discovered the bitcoin on a Mac under a file labeled ‘Pension.’ Authorities deduced that the sum made no sense given his job could have only made him 11.7 million rubles ($144,000) . Tambiyev reportedly denies the charges and claims he was framed. He intends...

CertiK co-founder Ronghui Gu told Cointelegraph that it’s “inexcusable” the industry faces continued SIM-swap and multisig failures, as previous incidents already highlighted the issues. As companies continue to fall for hacks and exploits, professionals working in the cybersecurity space chipped in on what can be improved in terms of crypto security for digital asset companies and the broader crypto industry.  Before September, almost $1 billion had already been lost to crypto hacks, exploits and scams in 2023. Yet, more incidents continue to shake the crypto world in the fourth quarter of 2023, such as the Poloniex exploit, with over $100 million in digital asset losses, and the HECO Chain bridge hack, with over $80 million in losses. .@Poloniex is suspected to have been hacked. The Poloniex address '0xA910' transferred all tokens to a new address '0x0A59' in 40 minutes, with a total value of about $60 million. '0x0A59' is currently transferring funds to more...

PeckShield reports that $2.27 million worth of NFTs were stolen in June, recording the lowest figure for stolen NFTs in 2023. A new report from blockchain security firm PeckShield found that half of stolen nonfungible tokens (NFTs) get sold within 160 minutes on various NFT marketplaces like Blur and OpenSea.  On July 3, PeckShield highlighted several data points on NFTs including the value stolen in June, how long it takes for stolen NFTs to be sold, and which NFT marketplaces are used to sell the stolen assets. According to the security company, $2.27 million in NFTs were stolen in June 2023. This marks the lowest amount of stolen NFTs in 2023. Furthermore, the data shows an 85% decrease compared to February when the value of stolen NFTs reached a high of $16.2 million. Value of stolen NFT assets in 2023. Source: PeckShield Apart from the amount lost in NFTs, the blockchain security firm also found that half of the stolen NFTs that they flagged are sold within 3 hours , sugg...

YouTube’s swift intervention ensured damage control by preventing XRP hackers from interacting with the channel’s subscribers. Prominent YouTuber DidYouKnowGaming was able to regain access to his YouTube channel, which an anonymous bad actor hacked to promote XRP (XRP) cryptocurrency scams. While hacking into YouTube channel s to promote scams has been a long-standing method of targeting unwary investors, the number of creators on the platform reporting Hacks has increased. Most recently, DidYouKnowGaming — a YouTuber with 2.4 million subscribers — warned his Twitter followers about a hack. so sorry you're having to deal with this! first, we'll need to get some quick info from you & then we'll connect you w/ a specialist team who helps restore account access. follow us & we'll be able to DM you the info you need! — TeamYouTube (@TeamYouTube) April 28, 2023 After gaining access to the account, the hacker changed the YouTuber’s profile and cover images ...