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In January 2025, the incidence of cryptocurrency cybercrime witnessed a noticeable reduction, with hackers seizing $73 million across 19 incidents—a 44% decrease from the $133 million stolen in January 2024. Despite this positive trend in cybersecurity, the figure marks a substantial increase from t

In a significant setback for the crypto industry, Phemex experienced a large-scale security breach on Thursday. Reports indicate that millions in various cryptocurrencies, including USDT, USDC, and Ethereum (ETH), were siphoned from the exchange’s hot wallets, leading to a temporary cessation of wit

A significant security flaw has put in jeopardy more than 14,500 Tron cryptocurrency wallets, potentially exposing millions of dollars in assets to theft. This vulnerability, detailed by security firm AMLBot in a report shared with Cointelegraph, compromised 2,130 wallets in the last quarter of 2024

2024 witnessed a significant surge in illicit cryptocurrency transactions, cumulatively reaching an estimated $51 billion, as reported by blockchain analytics firm Chainalysis. This surge occurred alongside a reenergized crypto market, which saw renewed enthusiasm due to developments like the introd

In a concerning cybersecurity breach, Yat Siu, co-founder and executive chairman of Animoca Brands, had his X account compromised. The unauthorized access was used to promote a fraudulent cryptocurrency named ANIMOCA, leading to a significant but temporary price surge. Animoca Brands promptly [confi