Bored Ape Yacht Club NFTs stolen in Instagram phishing attack

As told by Bored Ape Yacht Club (BAYC) developers on Monday, hackers breached the popular nonfungible token (NFT) collection’s official Instagram page and shared links to a fake airdrop with the project’s followers. Crypto enthusiasts who connected their MetaMask wallets to the scam website were subsequently drained of their Ape NFTs. It appears that the […]

How the Play-to-Earn Industry Can Rebuild Better After the Ronin Attack

In feudal Japan, the term ronin was used to describe a Japanese samurai without a master. Left alone due to the death of his lord, or loss of his privilege, a ronin was a warrior adrift, roaming at large, free from the constraints of loyalty. Expressed by two characters that literally mean floating and man, […]

Cosmos-Based Juno Blockchain Pushed Offline in Apparent Attack

According to Daniel Hwang, head of protocols at Stakefish, which runs a validator for Juno, members of the Juno community are trying to figure out who would have been motivated to execute the attack for no obvious financial gain. According to Hwang, token holders are pointing fingers at potential culprits ranging from competitor blockchains to […]

EU’s attack on noncustodial wallets is part of a larger trend

Last week, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) and the Committee on Civil Liberties, Justice and Home Affairs (LIBE) voted in favor of a regulatory update that could compromise the exchange platforms’ ability to deal with noncustodial crypto wallets. Should the regulatory project make it to the legislation phase in the […]

Ethereum DeFi Protocol Assures “User Funds Are Safe” After Rumored Attack

One of Ethereum and crypto’s “hottest use cases,” decentralized finance, got a big scare on June 17th as some market participants thought that a key application was being attacked by a bad actor. The application’s operators have since assured the community that user funds are safe. Ethereum DeFi Protocol ‘Hack’ Scares Users On June 17th, […]

US Officials Allege Student Defrauded Apple as Part of SIM Swap Attack

A 20-year old California resident was charged Monday by the Department of Justice for allegedly participating in a SIM-swapping scam that defrauded Apple and stole one victim’s cryptocurrency. Richard Yuan Li, a student at University of California-San Diego, is accused of one count of conspiracy to commit felony wire fraud in connection to the scheme, […]

Ransomware Attack Kidnaps Austrian City

Malware team, NetWalker, launched a ransomware attack against the Austrian village of Weiz. This attack affected the public service system and leaked some of the stolen data from building applications and inspections. According to the cybersecurity firm, Panda Security, hackers managed to penetrate the village’s public network through phishing emails related to the COVID-19 crisis. […]

Analyst Is ‘Surprised’ There Hasn’t Been a Large-Scale Attack on Bitcoin Cash Yet

Yassine Elmandjra, a crypto asset analyst at ARK Invest, said in a May 24 tweet that the Bitcoin Cash (BCH) hashrate fell by 30% since its halving event, and only accounts for about 2% of the SHA-256 hashrate. Elmandjra now thinks it’s only a question of time before somebody takes advantage of the network: “Surprised […]

New Ransomware Employs Never-Before-Seen Attack Method

A new study warns of a new ransomware attack method that runs a virtual machine on target computers in order to infect them with the ransomware. This may play the attack beyond the reach of the computer’s local antivirus software. According to the UK-based cybersecurity firm Sophos, the Ragnar Locker attack is quite selective when […]

New Ransomware Uses a Banking Trojan To Attack Governments and Companies

A new type of ransomware attack emerged in recent months, raising red flags among the cybersecurity community and authorities such as the FBI in the United States. Cybersecurity firm Group-IB has warned that it comes in the form of a Trojan, according to a report published on May 17. According to Group-IB’s study, the ransomware […]