The Bybit CEO is launching a new initiative that calls on the crypto community to help retrieve digital assets stolen by a notorious group of North Korean hackers. Ben Zhou, Bybit’s co-founder and CEO, says on the social media platform X that they have launched a bounty program website to target the Lazarus Group after […]
The post Bybit Launches Community Effort To Fight North Korean Hackers Lazarus Group After $1,400,000,000 Heist appeared first on The Daily Hodl.
The Singapore-based crypto exchange Bybit is offering a large bounty for information that could lead to the recovery of the funds that were stolen in a major hack. Last week, hackers manipulated a transfer executed by one of Bybit’s Ethereum (ETH) cold wallets. The exchange says the perpetrators used a sophisticated attack to gain control […]
The post Bybit Promises up to $140,000,000 Bounty To Hunt Down Perpetrators of ‘Largest Heist’ in Crypto History appeared first on The Daily Hodl.
A major cybersecurity incident has exposed sensitive personal, medical and financial records of more than half a million Americans. In a data breach notification, the Office of the Maine Attorney General says the California-based non-profit organization NorthBay Healthcare Corporation experienced an external system breach affecting 569,012 Americans. In a notice sent to affected people, NorthBay […]
The post 569,012 Americans Exposed As Massive Data Breach Reveals Names, Financial Account Numbers, Credit and Debit Card Numbers, Security Codes, PINs and More appeared first on The Daily Hodl.
An Alabama man has pled guilty to hacking the U.S. Securities and Exchange Commission’s (SEC) X account last year and faces up to five years in prison. In January 2024, Eric Council Jr., 25, conspired with others to commandeer the SEC’s X account and prematurely announce the approval of spot Bitcoin (BTC) exchange-traded funds (ETF) […]
The post Man Pleads Guilty to Hacking Official SEC X Account and Falsely Claiming Regulator Had Approved Bitcoin ETFs appeared first on The Daily Hodl.
Millions of US schoolkids have fallen victim to a massive data breach after a company that tracks their personal information reportedly failed to take basic precautions. An investigation from cybersecurity firm CrowdStrike determined that PowerSchool – which operates a widely-used Student Information System (SIS) – was breached in what is likely the biggest hack against American […]
The post Tens of Millions of American School Children’s Data Exposed in Largest Breach of Their Personal Info to Date: Report appeared first on The Daily Hodl.
A New York-based bank is reportedly facing a new lawsuit after thieves allegedly looted $15.5 million from an account that belonged to a public utility firm. Garden City Park Water and Fire is suing First National Bank of Long Island for gross negligence amid allegations that the lender acted with “reckless disregard” and without the “exercise […]
The post Billion-Dollar Bank Allegedly Loses $15,500,000 To Criminals in ‘Shocking’ Display of Incompetence and Negligence: Report appeared first on The Daily Hodl.
The elderly are being disproportionately targeted by scammers and con artists while facing little to no protection. 91-year-old Loris Sinanian from Blairsville, Georgia has reportedly lost over six figures after being conned by someone posing as an old friend who wanted to repay a $100 debt, Atlanta News First reports. After establishing contact with Sinanian, […]
The post Scammer Drains $109,000 From 91-Year-Old’s Bank Account As Fraud Targeting Elderly Runs Rampant appeared first on The Daily Hodl.
The Bitcoin (BTC) that was stolen from crypto exchange Bitfinex in 2016 and subsequently seized by the US government in 2023 should be returned in-kind, according to a new court order. In a January 14th filing with the U.S. District for the District of Columbia, the government says that the BTC currently held in its […]
The post $9,317,156,860 Worth of Seized Bitcoin To Be Returned to Bitfinex, Says US Government in New Court Order appeared first on The Daily Hodl.
Losses from crypto hacks and scams surged in 2024, according to the blockchain security firm PeckShield. The firm says the total value loss in the crypto sector last year exceeded $3.01 billion, a 15% increase from the 2023 total. That number includes $2.15 billion stolen in hacks and $834.5 million purloined via scams. PeckShield also […]
The post Losses From Crypto Hacks and Scams Soar in 2024, Exceeding $3,010,000,000: Blockchain Security Firm appeared first on The Daily Hodl.
A proposed CFPB rule could allow crypto users to have protections similar to those of US bank account holders by considering the definition of “funds.”
The US Consumer Financial Protection Bureau (CFPB) has proposed a rule that could require crypto asset service providers to reimburse users for funds stolen through illicit activities, including hacks.
In a Jan. 10 notice, the CFPB proposed a rule that could allow accounts or wallets using “emerging payment mechanisms” set up for personal use to be subject to similar protections as fiat bank accounts.
The US regulator suggested that the same rights that “guard against error and fraud” under the Electronic Fund Transfer Act (EFTA) could protect consumers transacting in stablecoins or “any other similarly-situated fungible assets that either operate as a medium of exchange or as a means of paying for goods or services.”
