Fun

News Feed - 2023-11-01 02:11:02

Derek Andersen6 hours agoOctober sees a comparative lull in crypto crime with losses of $32.2M: CertiKThere is no clear downward trend in crypto crime, but a quiet month is undoubtedly more than welcome in the Web3 community.1274 Total views28 Total sharesListen to article 0:00NewsJoin us on social networksWeb3 theft hit a low point for the year so far in October, CertiK reported. Losses to hacks, exploits and scams confirmed by the blockchain security firm amounted to $32.2 million for the month across 38 incidents, with no single incident leading to a loss of over $7 million.


Compared to the ten-month total of $1.4 billion, losses in October were approximately a quarter of the running monthly average. January showed the second-lowest losses at $33.7 million. The October statistics were not the result of a steady decline in losses but rather show a lack of major incidents that month. October’s 38 incidents were a quantitative low as well.Major Web3 incidents in October. Source: CertiKAlert X account


Certik’s third-quarter report indicated the number of incidents in July was 79, falling to 66 in August and 39 in September. Only exit scams were up in October and were four times higher than the low they reached in September. That category reached its yearly high in May when users of a crypto project called Fintoch lost almost $32 million.


Related: Tracking stolen crypto — How blockchain analysis helps recover funds


On the other hand, exploits saw a peak in September, mainly due to the $200 million loss suffered by the Mixin Network when its cloud service provider was breached. July saw the second-highest damage, most of which was attributable to losses by the Multichain MPC bridge.Caution : Crypto Social Media Scams are on the rise. Many of the methods used have roots in history. The combination of social media"s vast reach and cryptocurrency"s decentralized, often opaque, nature creates an ideal environment for scammers.

Let’s delve into this topic— CertiK (@CertiK) October 26, 2023


There are some clear trends in crypto crime. CertiK recently noted the rise of scams using social media. It cited United States Federal Trade Commission data that indicated almost half the cryptocurrency scams in the last 18 months have been tied to social media, which offers a wide variety of opportunities for wrongdoing, from pumping and dumping to pig butchering.


CertiK stated in Q3 that the North Korean Lazarus Group remained the “dominant threat actor.”


Magazine: Should crypto projects ever negotiate with hackers? Probably# Blockchain# Security# Decentralization# Cybercrime# Crimes# Hacks# OpenSeaAdd reactionAdd reactionRead moreBlockchain companies are creating AI chatbots to help developersWill Sam Bankman-Fried fix his case when he takes the stand?Exclusive: Hackers selling discounted tokens linked to CoinEx, Stake hacks

News Feed

Price analysis 3/11: SPX, DXY, BTC, ETH, BNB, SOL, XRP, ADA, DOGE, SHIB
Rakesh Upadhyay6 hours agoPrice analysis 3/11: SPX, DXY, BTC, ETH, BNB, SOL, XRP, ADA, DOGE, SHIBBitcoin is showing no signs of slowing down as demand for the spot Bitcoin ETFs remains robust. Can altcoins keep pace?4619
SEC Chairman Proposes Amending Federal Custody Rules to Cover ‘All Crypto Assets’
SEC Chairman Proposes Amending Federal Custody Rules to Cover "All Crypto Assets" U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal
Mt Gox Bitcoins: Trustee Plans to Distribute BTC and BCH, Liquidate Forks Into Cash
Mt Gox Bitcoins: Trustee Plans to Distribute BTC and BCH, Liquidate Forks Into Cash On March 24, the Mt Gox creditors’ trustee from Tokyo, Nobuaki Kobayashi, disclosed a ne
Prashant Jha5 hours agoCourt-ordered NFTs and the importance of Web3 randomness: Nifty NewsletterA Singapore court permitted the use of NFTs to attach legal court orders tokenized as an NFT to issue a freeze order.611 To
BTC Transaction Stuck? Bitcoin Cash-Powered Accelerators Can Speed Up Transfers
BTC Transaction Stuck? Bitcoin Cash-Powered Accelerators Can Speed Up Transfers At the time of publication, there’s more than 69,000 transactions waiting i
Last Month Casascius Owners Redeemed the Highest Number of Physical Bitcoins in 3 Years
Last Month Casascius Owners Redeemed the Highest Number of Physical Bitcoins in 3 Years On November 30, 2020, bitcoin crossed an all-time price high on a few glo
Defi’s Rise Is Inevitable, and Fusion Is Driving This Evolution of Conventional Finance
Defi’s Rise Is Inevitable, and Fusion Is Driving This Evolution of Conventional FinanceFour billion dollars.This is the total amount of funds locked in “Defi”, growing
Best Meme Coins to Buy as Whale Activity Suggests Changing Tides – From $BTC to Tokens Like $MELANIA
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
China Seizes the Blockchain Opportunity. How Should the US Respond?
Michael J. Casey is CoinDesk’s chief content officer and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appe
FIFA Unveils Range of New Web 3․0 Games Ahead of FIFA World Cup Qatar 2022™
FIFA Unveils Range of New Web 3․0 Games Ahead of FIFA World Cup Qatar 2022™ press release PRESS RELEASE.FIFA has unveiled a portfolio of new future-focussed web 3.0 games to ent
Gareth Jenkinson1 hour agoSam Bankman-Fried $500M Anthropic stake irrelevant to case, prosecutors sayUnited States prosecutors argue that the potential for FTX investors to be made whole through the high valuation of Ant
India’s Web3 alliance tightens cybersecurity after WazirX attack
Amaka Nwaokocha11 hours agoIndia’s Web3 alliance tightens cybersecurity after WazirX attackThe BWA’s initiatives highlight an increasing awareness of the importance of cybersecurity in preserving trust and integrity