Will TerraLuna survive or become a great target for scammers?
Things are not going great for Terraform Labs – the parent company of Luna and UST. The promising altcoin has lost $40B. It sent a shockwave around the crypto world. Thousands of day traders and some wealthy investors have said goodbye to their assets. Terra’s co-founders, Do Kwon and Shin Hyun-sung, were accused of fraud
Will Terraform Founder Do Kwon go to jail?
Korean investors filed civil and criminal lawsuits against Luna/UST founder Do Kwon for committing fraud For the past four years, Do Kwon, the founder of Terraform Lab, was hyping Lyna and TerraUSD as the world-changing currency. He raised more than $200 million from investment firms such as Lightspeed Venture Partners and Galaxy Digital. Everything changed
Scammers stole NFTs using Discord. Axie Infinity and other recent cases.
The latest phishing attacks on big NFT Discord Servers On May 18, the crypto community learned about phishing attacks on many popular NFT Discord servers, including Memeland by 9GAG, Proof/Moonbirds, RTFKT, APIENS, Cool Cats, Burrito Boyz, and Axie Infinity. The scammer stole numerous NFTs for potentially millions of dollars in losses. Phishing Scam in Detail
FEG (Feed Every Gorilla) exploit: analysis by Hacken
FEG (Feed Every Gorilla) has suffered an exploit in the Swap-to-Swap (S2S) functionality in the FEGtoken swap contracts on BSC and ETH. The attacker created 10 addresses and each of them was approved to spend 114 fBNB from the current address. The attacker was able to drain all the fBNB within the contract. Trading of FEG
Weekly News Digest #85
Concerted attack against Terra UST: could it take place? This week Terra UST, one of the largest algorithmic stablecoins, experienced a tremendous crash. Its fall below $1 caused the downward pressure on Bitcoin as well as led to the collapse of its sister token Luna. There are a few theories behind what may have happened.
Weekly News Digest #84
Brazilian Senate passes cryptocurrency Bill to fight cybercrime The Brazilian Senate has passed a bill regulating the cryptocurrency market in the country. The purpose of this document is to regulate crypto trading and protect users from illegal activity in the space. Under this bill, crypto exchanges fall under the scrutiny of the Brazilian Central Bank
Weekly News Digest #82
North Korean hackers were behind Axie Infinity crypto theft According to the Treasury Department, the Lazarus group was behind the theft of $600M in crypto from the popular online game. The US Treasury managed to identify a digital currency address used by hackers and it was under the control of the Lazarus group. North Korea
Weekly News Digest #81
Is it easy to spend the stolen crypto? The cases of crypto hacks take place regularly. But what do hackers do with the stolen assets? Is it possible to easily cash out these assets without being caught by law enforcement bodies? Generally, the blockchain system is not designed for processing large volumes of assets anonymously.
Weekly News Digest #80
Numerous hacking groups use the war in Ukraine as a lure in phishing attempts Malicious hacking groups, including government-backed hackers from Russia, North Korea, Iran, and China, are using the Russian invasion of Ukraine to carry out cybercrimes designed to steal sensitive information, money, and login credentials from victims worldwide. One of the most active
Weekly News Digest #79
Tax season scams can steal your passwords and bank details Malicious actors are sending phishing emails claiming to be from the IRS. The purpose of these emails is to infect victims’ PCs with malware or trick users to transfer their personal information such as usernames, passwords, etc. Although these scams are not particularly sophisticated, they
Weekly News Digest #78
Cloud services are becoming weapons in the Ukraine-Russia cyberwar According to the new research by Aqua Security’s Team Nautilus, cloud technologies now make difference on the digital front of the war. The team has tracked code and tools in public repositories including code libraries, Docker container images, and popular software packages such as PyPI, Ruby,
Weekly News Digest #77
FancyBear and Ghostwriter phishing attempts are stepping up according to Google Google’s Threat Analysis Group (TAG) has released the update in the wake of the russian invasion of Ukraine. The Group has issued hundreds of warnings to users from Ukraine that they have been targeted by state-backed hackers, mostly from russia. Since the beginning of