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Crypto Exchange M2 Confirms $13.7 Million Breach, Says Issue Resolved Within 16 Minutes

Crypto Exchange M2 Confirms .7 Million Breach, Says Issue Resolved Within 16 MinutesM2 Exchange recovered from a $13.7 million security breach within 16 minutes. A security firm said the incident highlights the growing vulnerability of crypto exchanges. Normal Service Restored The United Arab Emirates-based cryptocurrency exchange, M2 Exchange, said it swiftly resolved a security incident on Oct. 31 that involved $13.7 million. The exchange said customer funds […]

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Telegram bot Banana Gun’s users drained of over $1.9M

So far, at least 36 victims suffered losses amounting to nearly $2 million worth of Ether.

Users of the Telegram-based cryptocurrency trading bot Banana Gun have been drained of nearly $2 million worth of digital assets.

Banana Gun enables Telegram users to trade on some of the most popular blockchains, such as Ethereum, Solana and Base.

However, at least 11 attackers have drained a collective $1.9 million worth of crypto from the bot’s users, according to onchain security firm Cyvers’ senior Security Operation Center lead, Hakan Unal.

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Defi Platform Delta Prime Loses $4.9 Million in Hack

Defi Platform Delta Prime Loses .9 Million in HackAccording to Cyvers, Delta Prime, the decentralized finance (defi) platform, lost just over $5.9 million after a hacker took control of a private key on Sept. 16. Detailing the incident, Meir Dolev, the CTO of Cyvers, said the hacker initiated the attack by taking control of a wallet that is the admin of Delta Prime […]

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Binance and Ex-CEO Changpeng Zhao Sued in Lawsuit Alleging Money Laundering

Binance and Ex-CEO Changpeng Zhao Sued in Lawsuit Alleging Money Laundering

The world’s largest crypto exchange by volume and its founder are being named as defendants in a new money laundering lawsuit. According to a new class action, Binance willfully neglected to register itself with the proper authorities and failed to maintain adequate anti-money laundering protocols as a means of earning profits from the US markets. […]

The post Binance and Ex-CEO Changpeng Zhao Sued in Lawsuit Alleging Money Laundering appeared first on The Daily Hodl.

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Cybersecurity Breach at Evolve Bank

Cybersecurity Breach at Evolve BankEvolve Bank & Trust has recently confirmed a cybersecurity incident. The cybercrime group Lockbit 3.0 reportedly released customers’ personal identification data on the dark web. The bank, known for its fintech partnerships and facilitation of customer accounts for firms with significant crypto user bases, is now under scrutiny. The incident has raised concerns about the […]

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Ethereum Foundation Warns of Compromised Mailing List Leading to Phishing Emails

Ethereum Foundation Warns of Compromised Mailing List Leading to Phishing EmailsThe mailing list provider used by the Ethereum Foundation for updates was compromised, resulting in a phishing email. Hackers are now using addresses from the breach to send fake emails. These fraudulent emails claim a collaboration between Ethereum and LIDO, promising a high annual percentage yield (APY) for staked assets. Recipients are urged to avoid […]

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Binance Co-Founder Asks Elon Musk To Address Crypto Scams on X After Her Followers Get Hit With Wallet Drainer

Binance Co-Founder Asks Elon Musk To Address Crypto Scams on X After Her Followers Get Hit With Wallet Drainer

The co-founder of Binance is asking billionaire Elon Musk, who owns the social media platform X, to address the crypto scams proliferating over the website after her followers fell victim to a wallet drainer. In a new thread, Yi He tells her followers that a scammer is posing as her on X to trick people […]

The post Binance Co-Founder Asks Elon Musk To Address Crypto Scams on X After Her Followers Get Hit With Wallet Drainer appeared first on The Daily Hodl.

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Elliptic Study Finds AI-Enabled Crime in Cryptocurrency Remains in Early Stages

Elliptic Study Finds AI-Enabled Crime in Cryptocurrency Remains in Early StagesA new study has found that crimes enabled by artificial intelligence in the cryptocurrency ecosystem are still in their nascent stages. Stakeholders can prevent these activities from becoming widespread through timely and measured responses. Data from the same study indicate a surge in tokens featuring AI-related keywords such as GPT, Openai and Bard. Approximately 4,500 […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

GCR’s Hack Possibly Tied to Solana’s CAT Coin Team, Onchain Sleuth Zachxbt Reports

GCR’s Hack Possibly Tied to Solana’s CAT Coin Team, Onchain Sleuth Zachxbt ReportsOn May 26, the trader known as GCR was allegedly hacked, possibly by the team behind the Solana-based meme coin CAT, as suggested by onchain sleuth Zachxbt. Prior to the hack, an address linked to CAT’s team used funds from a manipulated token launch to open long positions in ORDI and ETHFI, accumulating over $30,000 […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

My traumatic Apple ID hack showed pitfalls of centralized identity

A breach of your Apple ID can leave you all but helpless to prevent attackers from poring over and stealing the contents of your life.

I was the target of a sophisticated breach of my Apple ID that caused a significant emotional and financial toll. My background as a tech entrepreneur meant I knew the importance of multi-factor authentication and the warning signs of SIM swaps and had precautions in place. Despite this vigilance, I fell victim to an audacious attack one January evening last year, painfully showing that it can happen to anyone.

I've had my Apple ID since it was invented. I've bought tens of thousands — maybe hundreds of thousands — of dollars worth of software, movies, TV shows, hardware. Suddenly, I was informed of 15,000 login attempts. It was literally “Boom, boom, boom.” I pressed “Don't allow, don't allow, don't 

Then, I was phoned by someone claiming to work for Apple technical support. They had in-depth information about how many devices I owned and when they were last used — even where the login attempts were coming from. A lot of unsuspecting victims would find this call credible, but something wasn't sitting right with me. He said, “I'm going to send you a code” — and I replied, “I'm not going to give it to you.”

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