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A report from blockchain security firm Hacken reveals a significant reduction in exploits targeting decentralized finance (DeFi) protocols in 2024, contrasted by a notable increase in losses experienced by centralized finance (CeFi) platforms due to security breaches. In its annual “Web3 Security Re

In a single day, Hyperliquid has witnessed USDC outflows of $60 million, indicating significant distress. The platform is under scrutiny due to rumors about North Korean hacking groups targeting it. This atmosphere of uncertainty has led to market instability, affecting the value of its native token

On October 18, a serious security breach compromised EigenLayer's X account, leading to the promotion of a fraudulent airdrop campaign. The alarming incident is under scrutiny as the protocol is a major player in the Ethereum ecosystem, handling significant financial operations. The compromised post

A cryptocurrency investor has lost $32 million in a phishing attack with an infamous Inferno Drainer tool. The incident occurred on September 28, 2024. It was first reported by blockchain security firm ScamSniffer on social media platform X. The victim lost 12,083 wrapped ether tokens (spWETH). Thes

A malicious cryptocurrency wallet application on the Google Play Store has siphoned $70,000 from users. The app was downloaded 10,000 times over five months. Cybersecurity firm Checkpoint Research (CPR) uncovered the scheme. The malware posed as an app for WalletConnect, a protocol linking crypto wa