Articles for tag: blockchain security, cryptocurrency theft, Decentralized Finance, Ethereum network, money laundering, smart contract vulnerabilities, U.S. Justice Department

February 4, 2025

Canadian Arrested for $65 Million DeFi Crypto Theft: A Deep Dive into the Exploits and Legal Consequences

The U.S. Justice Department has charged a Canadian man for stealing around $65 million by exploiting vulnerabilities in decentralized finance (DeFi) platforms. At just 22 years old, Andean Medjedovic allegedly used loopholes in the smart contracts of KyberSwap and Indexed Finance, draining nearly $65 million from various liquidity pools on the Ethereum network. After his ...

January 21, 2025

Market News

Crypto

Major Cyberattacks Hitting Cryptocurrency and NFT Industry: Protect Your Digital Assets Today!

The cryptocurrency and NFT sectors are facing significant cyber threats, with attackers increasingly targeting these industries due to their high value. Ransomware gangs, hackers, and opportunistic criminals exploit security gaps, aiming to access wallets and exchanges. New users often lack the necessary skills to protect their assets, making them easy targets. Dark web forums are ...