DeFi Archives - Page 9 Of 31

Visualization of blockchain and crypto scams in 2024.

Pig Butchering Crypto Scams Cost Victims $3.6B in 2024

December 27, 2024 Paulo

Pig butchering scams cost crypto users $3.6B in 2024, exploiting Ethereum vulnerabilities and fake investments, as revealed in a Cyvers Web3 security report.

Cinematic illustration of a growing digital network connecting Bitcoin and web-era technology, symbolizing accelerating adoption.

Animoca Brands Co-Founder Yat Siu’s X Account Hacked Amid Wave of Crypto Scams

December 26, 2024 Paulo

Animoca Brands co-founder Yat Siu’s X account was hacked to promote a bogus token. Investigator ZachXBT links it to a $500K crypto phishing scam wave.

A digital illustration of cryptocurrency theft linked to North Korean hackers, highlighting global sanctions and cybercrime.

South Korea Sanctions 15 North Koreans Over Crypto Heists and Cyber Theft

December 26, 2024 Paulo

South Korea sanctioned 15 North Koreans tied to $1.3B crypto thefts in 2024, accusing them of funding DPRK’s nuclear weapons and missile programs.

Shaquille O’Neal agrees to a $1.8M settlement to end lawsuit over FTX crypto exchange

Access Control Exploits Account for Nearly 80% of Crypto Hacks in 2024

December 25, 2024 Paulo

Access control flaws caused 78% of $3B crypto hacks in 2024, targeting DeFi, CeFi, and gaming, Hacken’s report highlights emerging threats.

Futuristic illustration of Starknet connecting multiple blockchains through cross-chain bridges and protocols

Russia Expands Use of Bitcoin in Foreign Trade, Says Finance Minister

December 25, 2024 Paulo

Russia is using Bitcoin and digital assets for foreign trade, bypassing sanctions. Finance Minister Siluanov confirmed these developments on Dec. 25.

Turkey implements new cryptocurrency AML regulations in 2025 to curb illicit financial activities.

Turkey Implements Stricter Crypto AML Regulations Starting February 2025

December 25, 2024 Paulo

Turkey’s crypto AML rules, effective Feb. 2025, require user identification for $425+ transactions and allow halting of risky transfers lacking info.

Futuristic illustration suggesting government-level Bitcoin accumulation and strategic digital reserves

DeFi Hacks Drop 40% in 2024, CeFi Breaches Surge to $694M

December 24, 2024 Paulo

DeFi losses fall 40% in 2024 to $474M, while CeFi breaches surge to $694M. Improved DeFi protocols contrast with CeFi’s growing vulnerabilities.

Cinematic illustration of Ethereum blockchain connected to a large European financial institution building, symbolizing tokenization of a multi-billion euro fund.

US Charges Developer Linked to LockBit Ransomware Group, Paid in Crypto

December 21, 2024 Paulo

The US DOJ charged Rostislav Panev for creating ransomware tools for LockBit, earning $230K in crypto. Arrested in Israel, he awaits US extradition.

Cinematic illustration of a large-scale Bitcoin mining operation in the United States powered by advanced infrastructure

Bitfinex Hacker Speaks Out After Sentencing: Ilya Lichtenstein Takes Full Responsibility

December 19, 2024 Paulo

Bitfinex hacker Ilya Lichtenstein speaks out from prison, taking full blame for the 2016 Bitcoin heist and absolving wife Heather Morgan of involvement.

European Securities and Markets Authority building representing MiCA regulation guidelines release.

ESMA Releases Final Policy Guidelines on MiCA, Effective December 30

December 17, 2024 Paulo

ESMA unveils final MiCA guidelines, addressing crypto market abuse, investor protection, and operational resilience across the EU. Effective Dec 30, 2024.