Chain News Daily Official TheBitTimes.com

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....

Swiss bank Credit Suisse has partnered with the Swiss Football Association to release NFTs in support of women’s soccer in the country. In this week’s newsletter, read about how stolen nonfungible tokens (NFTs) are sold within three hours after being pinched, and check out AzukiDAO’s plans to take back $39 million worth of Ether (ETH) from the founder of the Azuki NFT collection. In other news, investors in Logan Paul’s NFT gaming project CryptoZoo are still waiting for promised refunds from the YouTuber, and don’t forget this week’s Nifty News, featuring blue-chip NFT collections dropping in prices and Swiss bank Credit Suisse releasing NFTs to support women’s soccer.  Half of stolen NFTs are sold within 3 hours: PeckShield A report published by security company PeckShield highlighted that half of all stolen NFTs are sold within 160 minutes on platforms like OpenSea and Blur. According to the security firm, 86% of the stolen NFTs they flagged were sold on Blur, while around 13% w...

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...