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AI-powered Web3 social platform and infrastructure UXLink saw its crypto token collapse by over 90% after a malicious actor minted billions of unauthorized tokens. On Tuesday, the project announced that it had identified a breach involving its multisignature wallet. The company said a significant am…
Key takeawaysCrypto investigator ZachXBT criticized Token2049 for poor sponsor vetting, warning that platinum sponsorships don’t equate to legitimacy. Several sponsors he flagged turned out to have shady records.JPEX and HyperVerse used event sponsorships to project credibility. Both later collapsed…
Cybersecurity firm Hacken has blamed a private key leak that allowed a bad actor to mint and loot $250,000 worth of the ecosystem’s native Hacken Token (HAI), causing it to plummet around 99% on Saturday.In an X post, Hacken said the private key was connected to an account with a minting role on the…
Memecoins promoted by political figures like Donald Trump, lax regulations, and crypto court cases abandoned by US regulators have kicked off a crypto “crime supercycle,” say a pair of blockchain crime investigators. Blockchain investigator ZachXBT posted to X on Thursday that crypto has historicall…
Top Stories of The WeekCZ refutes claims in latest WSJ article on Trump-linked crypto dealingsBinance co-founder and former CEO Changpeng CZ Zhao has pushed back against a report in The Wall Street Journal, calling it a hit piece filled with inaccuracies and negative assumptions. In an X post, Zhao …
North Korean hackers linked to the $1.4 billion Bybit exploit are reportedly targeting crypto developers using fake recruitment tests infected with malware. Cybersecurity outlet The Hacker News reported that crypto developers have received coding assignments from malicious actors posing as recruiter…
Crypto exchange Bybit repaid 40,000 Ether it borrowed from Bitget within three days, after a $1.4 billion hack disrupted the crypto exchange on Feb. 21.Bybit was exploited on Feb. 21 in what has been reported as one of the largest cryptocurrency hacks in history, allegedly orchestrated by North Kore…
The cryptocurrency community is divided over the root cause of the Bybit hack, with Bitcoin advocates like Adam Back attributing it to the “mis-design” of the Ethereum Virtual Machine (EVM), while others argue operational security failures were to blame.Blockstream co-founder Back criticized EVM tec…
Crypto exchange Bybit appears to have snapped up nearly 266,700 Ether worth $742 million across two days after it was hacked for $1.4 billion, according to blockchain analytics firm Lookonchain.A Bybit-linked wallet address “0x2E45...1b77” bought 157,660 Ether , worth $437.8 million from crypto inve…