Researchers warn of new Rug Pull scam through fraudulent crypto tokens

Another day another Rug Pull scam that involves exploiting of smart contract vulnerability. Scammers are exploiting misconfigurations in smart contracts to create fake cryptocurrency tokens to steal funds from innocent…

Multichain hack: Hacker returns $1 million, keeps $150k as bug bounty

The hacker turned out to be a “white hat” decided to return most of the stolen funds but keep $150,000 as a bug bounty “tip.” Multichain is a cross-chain protocol…

HackRead & Verify announce strategic partnership to combat crypto scams and hacks

Hackread.com has adopted a strategic partnership with Verify Token to help educate investors to make crypto safer for all. As world economies reel from the unprecedented disruption of a modern…

Crypto.com confirms suspicious activity after users report stolen funds

Several Crypto.com users reported that their wallets suffered suspicious transactions that stole thousands of dollars in Ethereum (ETH) despite having 2FA enabled. Crypto.com, a popular app-based cryptocurrency exchange headquartered in…

SnatchCrypto attack hits DeFi and Blockchain Platforms with backdoor

Kaspersky researchers believe that North Korean government-backed hackers from the Lazarus Group are behind the SnatchCrypto attack. The IT security researchers at Kaspersky have revealed details of a new campaign…

Hot wallet hack: Hackers steal $18.7m from Animoca’s Lympo NTF platform

The hackers gained access to NFT platform Lympo’s operational hot wallet on Monday and managed to steal 165.2 Million LMT (worth $18.7 million). NFT (aka non-fungible token) has become a…

5 Things to Consider When Getting into Cryptocurrency

When it comes to cryptocurrency, you don’t have to just close your eyes and hope for the best. There are several ways you can put yourself in an advantageous position,…

N Korean hackers stole $1.7 billion from cryptocurrency exchanges

Experts believe that North Korean hackers are behind some of the largest hacks against cryptocurrency exchanges and keeping the stolen funds as a long-term investment. The government-backed hackers from North…

Scammers Netted $7.7 Billion worth of Cryptocurrency in 2021

A new report confirms that cryptocurrency-based crimes posed “one of the biggest threats to cryptocurrency’s continued adoption.” Blockchain analysis firm Chainanalysis has revealed startling details about the devastation cybercriminals managed…

Grim Finance hacked – $30 million worth of tokens stolen

According to Grim Finance, it was an “advanced attack” in which hackers exploited a flaw in the vault contract. Grim Finance, a DeFi protocol, and Smart Yield Optimizer Platform has…