Scammer Drains $109,000 From 91-Year-Old’s Bank Account As Fraud Targeting Elderly Runs Rampant

January 26, 2025 The Daily Hodl

bank

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, […]

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$9,317,156,860 Worth of Seized Bitcoin To Be Returned to Bitfinex, Says US Government in New Court Order

January 15, 2025 The Daily Hodl

Bitcoin

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 […]

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Losses From Crypto Hacks and Scams Soar in 2024, Exceeding $3,010,000,000: Blockchain Security Firm

January 10, 2025 The Daily Hodl

crypto

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 […]

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CFPB proposes crypto firms refund users for funds lost to hacks

January 10, 2025 Coin Telegraph

Banking

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.”

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Fake OKX plugins found on the Firefox browser store

January 8, 2025 Coin Telegraph

Coin Telegraph

According to cybersecurity firm CertiK, the number of crypto hacks and exploits rose to 303 incidents in 2024, up from 282 in 2023.

Crypto exchange OKX has warned users of fraudulent OKX browser extension that have appeared on the Firefox browser plugin store. Extensions integrate third-party functionality within a web browser interface.

According to OKX, the company has not released any Firefox browser plugins and has advised users who mistakenly downloaded the plugin to transfer any funds in wallets connected to the fraudulent extension.

OKX contacted Firefox to remove the applications and reminded users never to download OKX-specific software from third parties.

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Virtuals Protocol Discord server hacked, fake Google links posted

January 8, 2025 Coin Telegraph

Coin Telegraph

The security incidents occurred days after a researcher discovered a critical bug in a Virtuals Protocol audited contract, which was fixed.

AI agent platform Virtuals Protocol suffered a hack to its Discord server on Jan. 8, and several fraudulent links purporting to be the Virtuals Protocol website were posted on Google Search.

According to the Virtuals team, one of the Discord group’s moderators was the victim of a private key breach that compromised the messaging server. The breach has since been resolved.

Cybersecurity firm Scam Sniffer also detected three malicious links advertised on the Google Search page impersonating the Virtuals Protocol website in a separate incident.

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US Treasury Confirms ‘Major Cybersecurity Incident’ As Chinese State-Sponsored Hackers Accused of Infiltrating Third-Party System

January 3, 2025 The Daily Hodl

China

The US Treasury Department says a post-mortem of a recent data breach shows state-sponsored Chinese hackers are behind the attack. In a letter to the Senate Banking Committee, Assistant Secretary for Management Aditi Hardikar says the Treasury Department suffered a “major cybersecurity incident” after receiving a notice from third-party software service provider BeyondTrust on December […]

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Crypto Lawyer and XRP Defender John Deaton Issues Lengthy Warning to Traders: Beware of Scammers

January 3, 2025 The Daily Hodl

crypto

XRP supporter and crypto lawyer John Deaton is warning investors about scammers within the burgeoning digital assets industry. In a new lengthy thread on the social media platform X, Deaton says that bad actors are targeting crypto exchange accounts and private wallets with sophisticated scams. “If you get an email with a link do not […]

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240,000 Credit Union Customers Exposed As Hackers Access Trove of Sensitive Data: Report

December 22, 2024 The Daily Hodl

breaches

A South Carolina credit union says 240,000 customers have been exposed in an apparent cyberattack. SRP Federal Credit Union, one of the largest in the state with over $1.6 billion in assets as of 2022, filed breach notifications with regulators in Maine and Texas on December 13th, The Record reports. A law enforcement investigation discovered […]

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Web3 Cyber Threats Surge in 2024: Cyvers Report

December 21, 2024 Bitcoin.com

bitcoin.com

In 2024, Web3 cyber threats led to losses exceeding $2.3 billion across 165 incidents, marking a 40% increase from 2023. Approximately $1.3B Recovered Web3 cyber threats surged in 2024, with losses exceeding $2.3 billion across 165 incidents, according to Cyvers. While 40% higher than the $1.69 billion lost in 2023, this year’s total losses were […]

Hacks

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